Betsy DeVos Held in Civil Contempt for Collecting on Student Loans

Secretary of Education Betsy DeVos was held in civil contempt and sanctioned Thursday evening by a federal judge who ruled the Department of Education’s collections on student loan debts from thousands of borrowers who were defrauded by for-profit colleges were illegal. The finding is part of a class action lawsuit filed by Harvard University’s Project […]

What Is a Payroll Advance?

Unexpected expenses can leave you feeling stuck if you don’t have funds available to pay for them. Some companies offer payroll advance services to help employees bridge the financial gap between paychecks and avoid higher-cost options. But they’re not necessarily a good choice. An employer-led payroll advance is when a company, either directly or through […]

What First-Time Homebuyers Should Know About Closing Costs

Closing costs are easy to overlook when you’re buying your first home, as you’re probably most concerned about the house purchase price, your down payment and the mortgage interest rate. But it’s a mistake to forget about closing costs, a sometimes-mysterious mix of fees, charges and advance payments that, if not handled well, can make […]

Should You Consider a Holiday Loan?

Holiday loans are personal loans that you can use to finance year-end holiday expenses, such as gifts, decorations and parties. Expenses around the holidays add up to about $1,000, according to the National Retail Federation’s Holiday 2018 Consumer Trends report. That could be difficult for some consumers to manage without financing. But while it’s understandable […]

Can You Get a Small Business Loan With No Credit Check?

Small business loans can help your business grow, but qualifying for one isn’t always easy. If you have poor credit, you might consider getting a no-credit-check business loan. But there are a few important things to know about what loan options are available and how they work. When you think of a business loan, you […]

Your Guide to Plastic Surgery Financing

A nip and tuck, from a face-lift to a bit of Botox or a little liposuction, could leave you looking better than ever – for a price, of course. If you’re thinking of having plastic surgery, brace for a dent in your bank account. Insurance rarely covers the cost of elective cosmetic surgery but may […]

What to Do When Student Loan Grace Period Ends

Students who rely on loans to pay for college may give little thought to the financial burden they’ve taken on until after graduation. But borrowers will quickly need to devise a plan for how to pay back student loans as their grace period comes to a close and repayment begins. “They’re thinking about graduating and […]

Is a 15- or 30-Year Mortgage Right for You?

Mortgages come with many options, and one of them is your loan term: a 15-year versus 30-year mortgage. A 30-year mortgage can make your payments more affordable, but a 15-year mortgage is generally cheaper overall. As you’re weighing your mortgage options, here are the most important things to know about 15- and 30-year mortgages. A […]