Posted October 14, 2009 - 05:00 by Silicon Valley Blogger
Credit Cards
If you've got a lot of loans under your belt, you'll want to make sure that you're able to manage them well, or risk wrecking your credit by making a late payment somewhere. Dealing with debt involves both defense and offense: when your goal is to cut down on the debt you carry, the key is to stop borrowing any more money, to make sure you can afford paying down your loans (spend less and earn more to pay off debt!), and to try to lower your interest rates as much as you can.
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Posted July 6, 2009 - 14:01 by Xin Lu
Career and Income, Consumer Affairs
This month a new repayment plan for federal student loans is going into effect that allows borrowers to base their monthly payments on their income after graduation. Here are some details on how the new Income Based Repayment Plan (IBR) affects loan payments for graduates, and some pros and cons of participating in the plan.
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Posted June 10, 2009 - 16:03 by Silicon Valley Blogger
Credit Cards
I try hard not to carry a credit card balance, but I know a few people who ignore the fact that their balance is building up to unmanageable levels. I personally feel that it's harder to drop pounds than it is to drop a spending habit and to cut costs, but in both situations -- whether you aim to lose weight or to retire your debt -- you'd want an action plan to succeed. If you're wanting to wipe out your credit card debt, it can be done! We show you some steps on how to do it.
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Posted March 26, 2009 - 14:40 by Andrea Dickson
Personal Finance
Credit cards are fun for the whole family, until the bills start rolling in and you are expected to hand over your hard-earned money for the stuff you bought on plastic. In this week's Best of Personal Finance round-up, the web's PF bloggers look at debt of all kinds.
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Posted March 12, 2009 - 13:39 by Xin Lu
Personal Finance, General Tips, Credit Cards, Consumer Affairs
Today I read about an interesting study done by Rice University on the correlation between trustworthiness and looks. The researchers utilized the popular peer to peer lending site Prosper.com and Amazon's Mechanic Turk. Prosper is a site that allows borrowers to submit a loan application along with personal details and a picture. The researchers took the pictures off over 6000 of these applications and showed them to 25 individuals through Amazon.com's Mechanic Turk and asked these workers to rank the creditworthiness of the people in the Prosper pictures. The results show quite a few startling correlations between looks and creditworthiness.
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Posted October 21, 2008 - 13:33 by Andrea Dickson
Credit Cards
Credit card companies are tricky little jerks during the best of times. But now, with a lousy economic forecast and limited access to funds that can be loaned to consumers, banks and credit cards are looking for ways to reduce the amount of debt that they hold. Your credit line might be at risk. Here's a good reason to actually read your mail.
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Posted March 23, 2008 - 19:30 by Linsey Knerl
Personal Finance, Credit Cards
Debt is the hottest topic on personal finance blogs around the world. Why? I would venture to guess it is because so many people are drowning in it. The unfortunate truth is that few people care to read about debt until it has already had a negative affect on their financial situation. This can make the final solution to their debt problems even more difficult to hear about.
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Posted November 30, 2007 - 13:15 by Philip Brewer
Personal Finance
It has never been unusual for borrowers to run into difficulty, and sometimes it becomes clear that a loan will never be repaid in full. The lender's job then is to recover as much money as possible. Because foreclosures are expensive and the eventual recovery is uncertain, it's often a better bet for the lender to restructure the loan--settling for less than they are owed, but more than they'd get in a foreclosure. One of things that has made the subprime debacle go from bad to worse is that loan workout is much tougher when loans are securitized--sold, packaged, diced up, and sold again.
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This Valentine's Day, share the love around the world!
Kiva.org allows anyone with at least $25 dollars to spare to provide a loan to an entrepreneur in the developing world. These entrepreneurs are pre-screened by organizations in the developing country, which means that the recipients of the loans are known to be hard-working, honest people who need (what seems to us) a little extra money to improve their business.
Continue reading "Share the love!"
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