Great news, everybody. New federal student loan guidelines that go into effect July 1st will help you lower your monthly payments. According to the Chronicle of Higher Education : The federal government’s new income-based repayment program, which takes effect Wednesday, allows borrowers to repay their loans as a percentage of their income, lowering payments for those with high debt-to-income ratios. Under the plan, which was created as part of the 2007 College Cost Reduction and Access Ac
Entries from June 2009
New Student Loan Repayment Program Will Lower Your Payments
June 30th, 2009 · No Comments
Tags: Credit Cards · Student Loans
Chapter 7 Bankruptcy Eligibility Requirements
June 30th, 2009 · No Comments
by Alan AlderFiling Chapter 7 bankruptcy can provide you with a fresh start and end a lot of hassles and headaches, but there are some barriers to filing a Chapter 7 bankruptcy. In order to file a Chapter 7 Bankruptcy you must meet all of the following requirements:- You must finish a credit briefing session in person, by phone, or on the internet from a court-approved counseling agency within the previous 180 days;- You must have lived in the state in which you are filing for the previous nine
Tags: Credit Cards · Debt Consolidation
Bank Of America Accused Of Anti-consumer Practices
June 30th, 2009 · No Comments
NEW YORK (Reuters) – Consumer and labor groups demanded Bank of America Corp and other lenders reform their sales practices so that workers under pressure to meet sales quotas do not saddle customers with costly and unnecessary products. The whistleblowing campaign was announced Tuesday as the U.S. Treasury Department unveiled legislation to create a Consumer Financial Protection Agency, as part of the Obama administration financial regulation overhaul. People, who said they were former Bank of
Tags: Credit Cards
Credit Card Debt Calculator The Best Option
June 30th, 2009 · No Comments
Author : Apurva Shree Credit card debt calculator helps in managing our credit card balance that is the contemporary process of making payments It is used to find out the exact details of credit card dues All the money that has been spent through a credit card can be easily calculated by using this advanced instrument It helps in tracking and subsequent payment of the balance amount By calculating the future expenditure on debt calculator, we can make the required changes which help us in
Tags: Credit Cards · Debt Consolidation
California’s Empty Wallet: Turning Crisis into Opportunity by Dr. Ellen Brown
June 30th, 2009 · No Comments
by Dr. Ellen Brown Featured WriterDandelion Saladwebofdebt.com June 30, 2009“Our wallet is empty, our bank is closed and our credit is dried up.” – Governor Arnold Schwarzenegger, June 2, 2009California State Controller John Chiang has warned that without a balanced budget in place by July 1, he will begin using IOUs to pay most of the state’s bills. On June 25, California Governor Arnold Schwarzenegger rejected a plan that would save the state $3 billion by cutting school spending, saying he wo
Tags: Credit Cards · Student Loans