Money Match #5: Erin, Nashville Female Seeking Friends

It's been a while since we had any Money Match posts-- mainly because I totally flaked out and let a couple entries languish in the depths of my ... . This of course is my only form of debt, 54k in student loans. I have no credit card debt, no car payment, etc ... have me showing up on her front porch if I lived in Nashville! Email me at openwallet1 at [more...]

Date: 2008-10-28 13:17:00

Blog posts (123) | Videos (153)
 

Undermining a New Effort to Promote Public Service

Is the U.S. Department of Education deliberately trying to undermine a new program created by Congress to encourage students to pursue careers in ... by consolidating their debt into Direct Lending. The program is a reaction to reports that student ... government will forgive the remaining debt of Direct Student Loan borrowers if they make 120 [more...]

Date: 2008-07-23 18:43:00

Money as a Dealbreaker?

Is money a “dealbreaker” in relationship?  If you meet a great person and found out after a few months of dating, they had massive student loans, some credit card debt, and a car loan; is that a deal breaker?  Would you run for the hills or stick around? It was an interesting question posed on a message board I read.  But currently two [more...]

Date: 2008-09-04 13:00:04

Student Loan Consolidation Program

Student loan consolidation program for university and college students is an important option, especially if they find themselves suffering from serious financial situation. Definitely a student with a lot of college debts staring his face can become stressed with such heavy financial load [more...]

Date: 2009-01-15 15:08:21

Tell All Tuesday - Crazy Economy Edition

As I predicted last week, we haven’t made any new payments to debt this past week, ... (including snowflakes to the student loan)  for September.  I have about $170 in survey payouts and blog ... after all after the first student loan is knocked out.   My spouse’s student loan should be paid off [more...]

Date: 2008-09-30 19:07:16

Hard Times for Student Borrowers

Kelly Lynch, a former Columbia College Chicago film and video major, is paying educational loan lender Sallie Mae $600 a month, ... loan lender suspended its student loan consolidation program in April. The policy shift left many ... about 1 percent of his total student loan debt of $60,000. Though Lynch, 21, never received [more...]

Date: 2008-06-30 16:02:42

The Downside of a J.D.

National Law Journal:  Discovering a Law Degree's Downside:  Sending the Wrong Signal in Bad Times? ... some of the nearly $85,000 in student loan debt, Allam began to think she'd made a mistake by going the law ... in landing a job in another field may well be overblown. With student loan debt at an all-time high [more...]

Date: 2008-11-21 15:09:30

How To Pay Down $83,306.89 in Student Loans

I have been out of college for about 2.5 years now and made a little bit of progress on my private student loan ... from you) against my private consolidation loan. So the goal is looking at a minimum of $16,800 going ... but not impossible. How are your numbers looking for student loan debt remaining? Private or federal [more...]

Date: 2009-01-07 20:00:00

Student Loan Debt Crushing Graduates

I support higher education, but after seeing a lot of college graduates working at Starbucks, ... s $85-billion student loan market. She borrowed heavily, presuming that all her debt was part ... in photography from Brooks Institute in Santa Barbara. She also picked up $140,000 in student debt [more...]

Date: 2008-12-29 12:00:18

debt consolidation

As we find ourselves living in the credit crunch of a world, ... purposes - we see people using them to pay off high interest credit card debt and student loans ... t also note that unsecured loans are also available. We have seen that debt consolidation loans [more...]

Date: 2008-12-15 15:17:50

Bailout Gets More Costly Due to “Bipartisan” Deal; Foolish Limits on Foreclosure Should Be Removed

Liberal Congressional leaders have apparently reached a deal with the Bush Administration on the principal elements of a $700 billion bailout of the ... student loans, car loans, credit card debt and any other ‘troubled’ assets held by banks.” ... have stuck taxpayers with 100 percent of all losses on any bad loan or mortgage, but not the profits [more...]

Date: 2008-09-28 20:34:55

Pocket Profile: Frugal Babe

This week we spoke with Frugal Babe, who started a blog to chronicle her family’s path out of debt after starting a health insurance agency with her ... more in rent. Student Loan Debt: None! Top percentile. Credit Card Debt: None! Top percentile ... calculators to figure out how long it will take us to pay it off. The Bigger Picture: Tell [more...]

Date: 2009-01-08 16:49:31

The Irony of Bankruptcy. The More You Have The Better It Is.

I came across an article by Ann Woolner, “Buy a Beach House for Shelter When Going Bankrupt” that was absolutely spot on ... credit-card debt. You can modify student loans. You can modify debt on a yacht,” points out Levitin ... . “Current law permits modification of any type of debt in bankruptcy except for a single-family [more...]

Date: 2008-10-17 14:54:46

And now for something completely different: The Poverty Party

So Bossy…do you all know Bossy?  She’s over there on my sidebar, Bossy is ... was his student loans.  $15,000 was credit cards and other bad, bad debt including an old car loan for a car ... married, I had approximately $18,000 in student loan debt to my name.  Not great, I think we’d agree [more...]

Date: 2008-10-16 15:14:56

Bankruptcy

Teresa Sullivan et al's book, As We Forgive Our Debtors (1989, see Chap 8, specifically) ... of points right after college. I had credit card debt, student loan debt, and an uninsured car accident ... points out that women were not even guaranteed credit in their own names until 1970 (or 1974 [more...]

Date: 2009-01-12 16:47:18

Does The Economy Make You Want To Pay Off Debt Or Build Up Savings?

Editor’s note:  I set this post to publish yesterday and made the classic “New Year” mistake of setting the date to 2008! ... , and then systematically started debt-killing.  First the credit card, then one student loan, then the car loan.  Now, we’re left with a $10000+ student loan, and a minimum payment of $145 versus [more...]

Date: 2009-01-09 15:08:06

Student Debt Consolidation Loan

by Mary Bush Large numbers of college students make that common mistake each year of signing up for as many credit cards as possible ... . About the Author: Debt Consolidation Articles Advise For Rebuilding Your Credit with a Prepaid Debit Card ... application. Of course, once the credit cards start to arrive, they’ll be using them to finance [more...]

Date: 2008-12-30 21:05:55

A Good Debt Management Program Can Be a Life Saver

by William Blake Do you feel like you are over you head in debts? Many see themselves buried in debt due to car loans, medical bills, student loans, credit card ... program to handle almost any kind of debt, though credit card debts are what most people sign [more...]

Date: 2008-11-11 15:28:58

Should Christians Use Credit Cards?

This post was written by Linda Bustos is an editor for Creditor Web, where you can learn about debt forum. The Bible gives wise advice that we should not go into debt. There aremany reasons for this – ... there can be understandablereasons to go into debt – a mortgage, a student loan, a car loan – thedebt in itself [more...]

Date: 2008-07-03 12:07:00

House shines light on student bankruptcy

“Earlier this week the House held a hearing on private student loans and bankruptcy, shedding light for the first time on a rather unknown yet devastating aspect of student debt. Did you know that because of legislation dating back to 1976 under the Higher Education Act private student loans are unable to be discharged through bankruptcy? In other words, feel free to run up the credit card and splurge, but take out loans to pay for education? That’s just reckless. [more...]

Date: 2009-09-29 02:57:21

Eliminate Debt

We can't deny the fact that our world suffered economic crises nowadays ... own more than one credit card, car payment, mortgage, bills, student loans, personal loans, home ... , lower credit card payments, budgeting debt, stay debt free and many more. It's guaranteed safe [more...]

Date: 2008-11-23 16:25:14

YouTube & Leadpile Lead Exchange

... Business cash advance Credit card processing Equipment leasing Internet marketing services Web design ... repair Debt consolidation Debt settlement Tax debt relief Bankruptcy Student loan consolidation [more...]

Date: 2008-12-17 14:49:18

$75 user participation survey for those in debt

As I think I have mentioned before, I am working with a company called DebtGoal in development of their product ... in credit card debt At least 2 other types of debt (mortgage, auto, student loan, home equity loan [more...]

Date: 2009-01-10 15:48:20

Making a Man Commit and What Does Commitment Mean To A Man

When we think “commitment”, what comes to mind first? Family, a loving husband, children and a picket fence. All-American dream ... that came in highly recommended as providing excellent credit card debt consolidation services ... that she had a huge credit card debt, a student loan that she was at the time looking into a school loan consolidation [more...]

Date: 2008-09-23 06:04:00

Reflecting On Goals For 2008 and Moving On To 2009

Last year, all the goals I set were based on debt elimination and how much per month we could pay to debt ... s student loan under $5500 (snowball calculator says $5847) I more than met both these goals ... in October, and then paid off our remaining car loan in November.  The only non-mortgage debt we have left [more...]

Date: 2009-01-02 14:25:07

Accepting a down payment

Well I’ve discussed borrowing money from family in times of need, boomeranging home, and finances for a young couple starting out ... they were fortunate to get a $50k gift from a relative to pay off their student loans.  So should ... off debt, take it.  BUT not at the expense of your parents. My roomie will get a paid for wedding [more...]

Date: 2008-11-13 13:00:16

Why not just give US the money?

Lame Duck Teasury Secretary Henry Paulsen insisted on talking again today, as did his boss, sending the markets south, ... the risk that big investors took when they bought junk credit card and mortgage debt. Then, magically ... toward consumer loans in the form of credit cards, auto loans and student loans, as well as some forms [more...]

Date: 2008-11-25 19:38:09

What About the Renters?

A little personal anecdote to help explain my philosophical opposition to the bailout, even assuming it would help the economy ( ... it wouldn’t be prudent to buy a home. In my case, I had some student loan debt, I lived in a part ... to afford a mortgage. Now, I probably could have gotten a loan. But the terms would have been ridiculous [more...]

Date: 2008-09-25 12:55:01

Seven Ways to Ruin Your Financial Future

Often times the best way to learn a lesson is for someone to tell you what not to do ... .  Well, in a couple years I had made virtually no dent in the residual payoff balance leaving ... to return to my hometown, changed majors, and was stuck with a pile of student loan debt as my souvenir [more...]

Date: 2008-09-23 11:00:20

Tell All Tuesday - Bye Bye Student Loan Edition

Well, my spouse’s student loan, anyway. October is a three paycheck month for both my spouse and I ( ... our furnace died, so instead of that extra paycheck going towards debt, it went towards a new ... in and looked at the 10-day payoff number, it said $2601.54, so I clicked on the “Make A Payment” button [more...]

Date: 2008-10-07 18:29:50

Helping Polly

I just thought of my answer to Fix Polly, a case study from Gail:Polly is 25 and single. She has almost $80,000 in debt, $60,000 of which is student loans. The rest is credit card debt ... . Polly can’t decide what to pay off next. She has contacted her credit card companies and cannot [more...]

Date: 2008-12-28 15:02:42

Why 2009 Will Be a Fantastic Financial Year For Me

J.D. is on vacation. This is a guest post from Katrina Ramser, a freelance writer who contributes to various websites, newspapers and magazines ... credit card and student loan debt. Inspired by Ramsey’s toughness, I made $450 monthly debt payments [more...]

Date: 2008-12-29 13:00:35

Dear House, I Want You. Love, Craig

Remember that house I told you about a while back when I regaled you with the story of my bottle of Tanqueray? Well to sum up, I couldn’t afford it. The mortgage guy told me that I had too much debt (student and car loans). He advised me to take almost my entire savings and pay off my car loan, which I did, and it was one of the hardest things [more...]

Date: 2009-01-15 17:02:52

Will Bankruptcy Judges Get Power to Strip Down?

The details of the Great Bailout Bill of 2008 are still being mulled, turned over and kicked about by economists, ... of the terms of certain debts, namely auto and student loans and second-home mortgages. Under the Democrats ... of the property falls below the loan amount, debtors potentially could reduce the balance of the loan to equal [more...]

Date: 2008-09-24 15:15:01

College Loan Slavery: Student Debt Is Getting Way Out of Hand

I have seen this first hand. No one holds a gun to these people's heads. They don't understand sacraficing now to have more later ... debt. And don't get me started on all the credit card kiosks around campuses. Only fools get those ... into a pit of debt from which many will never recover. Raya Golden thought she was handling college [more...]

Date: 2008-11-12 13:25:34

Good Debt vs. Bad Debt

by Michael Geoffrey Yes, there is such a thing as good debt ... in the long run. * Student loans - Getting a college education is a good investment as well. By earning ... a start up loan for a business venture this can be good debt. Again you are borrowing in order to give [more...]

Date: 2009-01-14 20:09:45

Monetizing Your Website With Google Adsense Is Easier Than You Think

This site is specifically created for those who don’t want to waste time searching for ‘the best solution’ to earn money online ... Debt Consolidation Endowment Purchase Online Student Loan Consolidation Pop Up Displays California ... Mortgage Refinance Rates Accident Helpline Lenders Tree Acorn Stair Lifts Ambulance Billing Secure [more...]

Date: 2009-01-02 00:57:08

A Plan to Be Debt Free in 2009

Considering the current state of the economy, it’s likely a smart thing to try and rid yourself of any excess debt right now ... out your latest credit card statements, auto loan statements, student loan statements, etc ...  are a bit lower, and are also tax deductible. debt-payoff-plan Some people decide that it’s easier [more...]

Date: 2009-01-05 16:10:27

Rule of Thumb For Reasonable Housing Costs?

In an earlier post on motivating myself to work harder, I had thrown out a piece of “common” financial advice: ... from a mortgage calculator. The “other debt” is the sum of your other recurring monthly liabilities - car loans, credit card balances, student loan payments. There are usually two lender ratios [more...]

Date: 2008-09-10 13:58:59

Tell All Tuesday ~ Slowly Forward Edition

This past week, all I did directly towards reducing our debt was made my monthly car payment ... $21,414.50 Broken down into: Credit Card: PAID OFF 2/7/08 Student loan (at 7%): $11,084.68 Spouse ... about our future debt elimination strategy and I wanted to address it.    Once my spouse’s student loan [more...]

Date: 2008-09-23 19:39:00

Public Service Loan Forgiveness Program

This information comes from a great web page created by the National Council of Nonprofits ... Cost Reduction and Access Act of 2007. There might be hope for those with tremendous student loan debt ... , public safety, public interest law service, public care for children, elders or disabled [more...]

Date: 2009-01-05 21:51:43

After Debt?

I noticed a lot of people are very focused on getting out of debt ... I had a concentrated goal.  Pay off student loan!!!  How is life “after debt?” [more...]

Date: 2008-09-11 13:30:45

Six Secrets to Saving Money When You Are Young

Photo courtesy of lrargerich While perusing a few of my favorite personal finance blogs over the weekend I ran across ... and small pile of student loan debt, but no degree.  I thought I was pretty financially savvy [more...]

Date: 2008-09-30 11:00:31

Home Buying 101 - Step Three: How much can you afford?

This is the third installment of twelve weekly features for first-time homebuyers on buying a home, now updated for 2009 ... sites that offer free mortgage calculators. I like Ginnie Mae’s. But because there are so many ... like a car, student loan, engagement ring, etc. More debt and more inquiries will likely lower [more...]

Date: 2009-01-07 09:39:01

Debt Consolidation with Free Government Grants? One Scam to Avoid

Have you ever seen a commercial or an ad promising “free government grant money? ... can be used for anything, including debt consolidation , student loans, a yacht or just about any ... s doubtful that you’ll find an organization that’s interested in helping you pay off your Mastercard bill [more...]

Date: 2009-01-14 13:23:22

8 Tips for Talking About Money With Your Significant Other

About the author: Margaret is a recent college grad who writes at love God, not money about how she and her boyfriend are saving up money to get married, pay off student loan debt and head to seminary. Money is one of those things you’re not supposed to mention in polite [more...]

Date: 2008-11-25 18:00:44

Letting go of the old and moving on to the new

Welcome to 2009.2008 was quite a year for us. So many exciting things happened, there are things that I haven't even written about yet. Yikes! ... for something NEW!Debt reduction and elimination is our other main focus this year. This is the continuation ... of credit card addiction. It's that other debt we are looking at now: student loans, home equity [more...]

Date: 2009-01-05 04:25:00

Three Easy Steps For Climbing Out Of Debt

Yesterday I read a weeks worth of all the blogs I follow and one spoke about debt, specifically credit card debt. Some people rack up tens of thousands of dollars worth of credit card debt which to me seems ... dodged the credit card trap may still have mortgages, student loans car payments, etc. While debt [more...]

Date: 2008-12-29 02:54:00

Mortgage Delinquencies Continue to Climb, Watch Out for Other Loans

It's beginning to get really ugly out there... unfortunately 13 months ago when we were told "this is just a subprime issue" ... , student loans, credit card debt. It's all coming down the pike. It appears the pike is coming right ... last year for many loan categories. Overall, 6.6% of mortgages were at least 30 days past due at the end [more...]

Date: 2008-09-23 17:13:49

The Rising Costs of Student Loans

It wasn’t until he graduated college in May 2008 that my friend Ben realized the depth of his student loans: $40, ... too much about the numbers as he signed loan papers at the start of each semester. The debt totals ... at the time. In the past ten years, debt levels for college graduates have more than doubled. In 1993 [more...]

Date: 2008-11-06 23:43:36

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