Filing for bankruptcy is a legal process that either reduces, restructures or eliminates your debts. Filing bankruptcy with a court is the first step. You can file on your own or you can file with an attorney. Bankruptcy costs include attorney fees and filing fees. If you file on your own, you […]

A student loan is money you can borrow from the U.S. Department of Education or a private organization to pay for college and repay later with interest. There are many long-term benefits to earning your college degree, but there are also significant financial implications that you have to consider. A student […]

Having an excellent credit score can save you a lot of money in interest over time. If your score is already in the 700s, you’re in good shape, but you can always take it from good to great. You probably already know that your credit score is a three-digit number […]

A credit repair company is an organization that offers to improve your credit in exchange for a fee. If you have been working on improving your credit score by lowering the amount of debt you owe, but your scores are not going up and you are getting frustrated over the […]

When you miss a payment on most debts, your account will be in default at that time or shortly afterward. For instance, when you fall behind on a credit card payment or mortgage loan, the lender is usually very quick to let you know that your loan is in default. But default doesn’t […]

At many schools around the world, you can receive a federal student loan from the William D. Ford Federal Direct Loan (Direct Loan) Program. You may receive a Direct Subsidized Loan or Direct Unsubsidized Loan for your undergraduate education. Direct Unsubsidized Loans and Direct PLUS Loans are available to graduate students. Your parent also might […]

You need to complete the following tasks: Log in and change your FSA ID. Do NOT share your new FSA ID password with anyone! Contact your federal loan servicer to revoke any power of attorney or third-party authorization agreement that your servicer has on file. You should also make sure no […]

Private student loans can help cover a gap in funding that some students need to fill. However, private student loans have drawbacks when compared to federal student loans. Credit-based decision. Private student loan eligibility and terms depend on the applicant’s credit. Without a creditworthy co-signer, many students may not be able […]

Student loan debt relief companies are private companies that provide (or claim to provide) student loan management services for a fee. Often these companies are charging for services you can easily manage yourself. They will say they can help reduce your monthly payment or get your loans forgiven, but after […]

Personal loans are not a solution for most financial situations, most times; they are just a Band-Aid on improper money management. A situation where we recommend a personal loan is if you have credit card debt with high interest rates. Paying off debt with a high interest rate, such as […]