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A while back, I participated in a televised call-in show about kids and money with members of the Jump$tart Coalition . In preparation, I posed questions to a group really talented, dedicated people from organizations like Young Americans Bank , The American Institute of Certified Public Accountants , and the Financial Planning Association . The result is one heck of a resource on kids and money with topics covering budgeting, credit, cars, school/college, and jobs.
I recently met a 30-something woman who was selling her home so that she would have more money to repay her student loans. As she put it: "I finally realized that this debt was not going to go away." She's right—there is no statute of limitations on government-guaranteed student loans, giving Uncle Sam unlimited time to collect.
Credit card debt can have an affect on your credit rating, but what about your tax return? There are some very specific circumstances where debt can have a major impact on your return and your chances of collecting a refund.
A few important, consumer-friendly changes are coming to the world of credit. These are the result of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), which became law in May 2018. Here’s a quick overview of the changes, why they’re important, and how they could impact you.
If you're starting to feel the pinch of growing debt, it’s time to take action. There are a few things you can do to get ahead of an impending debt crisis and put yourself in a better place financially.
Unemployment is stressful, especially when you’re dealing with debt. Whether you recently lost your job or have been unemployed for a few months, it’s important to make sure you can pay your bills each month—including your credit card bills and other unsecured loans.
Being deployed and away from home can make paying debt obligations in a timely manner difficult. However, there are some tools available that can help automate your payments and make it easier to keep your good credit history.
You can call them Boomerang Kids . You can call it Failure to Launch Syndrome . Whatever you call it, the fact is this - young adults are coming back home more than ever before. The question for you is can you afford it?
A reader asks if getting married means you're responsible for each other's debts.
A recent study revealed that Millennials have significantly worse credit than Generation X or Baby Boomers. It doesnt have to stay that way, however. Heres how young adults can improve their credit scores.