Latest Loan/Mortgage News
Best Way To Save Money Buying A Car? Shop For A Loan First
With the cost to own a new vehicle rising, it's more important than ever to consider what you'll pay for a car loan and to shop for the best interest rate.
Updated: 06/07/2019 10:47A
Education company Chegg is helping pay down its employees' student loan debt. 'They are creating value for us'
Chegg has a new program that will give its employees up to $5000 a year to help pay off student debt. "If they borrowed money and they are creating value for us ...
Updated: 06/06/2019 06:22P
Where Does Pete Buttigieg Stand On Student Loan Debt?
Does "Mayor Pete" have a plan to fix the student debt crisis?
Updated: 06/06/2019 02:32P
Most Total Student Loan Forgiveness Plans Are A Bad Idea
Total student loan forgiveness proposals are a bad idea. While loan forgiveness itself has purpose, the details of these proposals leave something to be desired.
Updated: 06/06/2019 08:21A
What's the Maximum You Can Borrow When You Get a Personal Loan?
If you're looking to take out a large personal loan, you'll want to look around first to find out what the maximum amount you canborrow is.
Updated: 06/05/2019 09:15A
Democrats take aim at student loan alternative and colleges that offer income-share agreements
Senator Elizabeth Warren and congressional Democrats question Trump administration's plans to back income-share agreements -- and demand answers from ...
Updated: 06/05/2019 03:01A
Bank of America warns of possible ‘carnage’ linked to leveraged loans
The U.S. economy is on solid footing except for one potential trouble spot, according to Bank of America Corp.’s Chief Executive Brian Moynihan: leveraged loans — a business the bank has dominated for a decade. Problems aren’t yet emerging as the economic expansion continues and companies churn out profits, Moynihan said Tuesday at the Economic Club of New York. His own bank has repeatedly said it focuses on “responsible growth” and sticks to lending standards it has had for years. But leveraged finance threatens to become an issue in the broader market, he said. “It’ll be ugly for those co...
Updated: 06/04/2019 08:05P
Why You'll Get Denied for Student Loan Forgiveness
Student loan debt has become a $1.5 trillion crisis with no end in sight, which is why some politicians, including Massachusetts Senator Elizabeth Warren, have suggested granting student loan forgiveness to families who meet specific income requirements. Whether solutions like Warren’s are feasible or not remains to be seen, but there’s a common feeling among forgiveness naysayers that college debtors should a) pull up their bootstraps and pay off their loans the hard way, or b) take advantage of one of the many loan forgiveness programs already available today. That second suggestion has b...
Updated: 06/04/2019 08:12A
Student loan debts could be wiped out through Durbin’s bankruptcy bill
The Student Borrower Bankruptcy Relief Act of 2019 would allow the loans to be treated like nearly all other forms of consumer debt.
Updated: 06/03/2019 01:48P
Globe University, Minnesota School of Business students should get loan refunds, appeals court rules
Former students who borrowed money from a now-defunct for-profit college chain could get refunds thanks to a Minnesota Appeals Court ruling. An appeals court panel ruled on Monday that Globe University and the Minnesota School of Business made illegal loans that had interest rates significantly higher than the maximum of 8 percent allowed by law for unlicensed lenders. The ruling is connected to a 2014 case brought against the schools by former Attorney General Lori Swanson. In 2016, a Hennepin County District Court judge found the schools had deceived students to convince them to enroll in...
Updated: 06/03/2019 12:58P
