Obama's plan will accelerate a measure passed by Congress that reduces the maximum annual payment required on student loans and forgives outstanding loans after 20 years, instead of 25. About 1.6 million borrowers could be affected.
With help from the credit-monitoring firm, banks are using data to target homeowners most likely to default on their mortgages.
MainStreet talks to Rick Harrison, star of the History Channel’s Pawn Stars and America’s most famous pawn shop owner, about how his business model has changed during the past few years.
When considering the value of a college education, student loan defaults among current and former students are a good indication of whether a school is a wise investment.
Student loans are unlike any other kinds of credit in that they are some of the hardest to get rid of if you can’t make your payments.
The chances of someone getting a loan to buy your house significantly decreases if you live in an area with a high foreclosure rate, according to a recent report from the Federal Reserve.
Homeowners with good credit and decent value from their homes have all the leverage they need to cut their monthly mortgage bill – if they avoid some costly mistakes.
Americans borrowed more money in July than any other month in more than three years. But they cut back on using their credit cards.
Mortgage rates have been dropping for weeks, and the latest jobs report has pushed them even further down, making it the best time ever to buy a home.
Interest rates on second mortgages have fallen, but you'll have to meet certain conditions to get a piece of that pie.