American Debt Delinquicies Falling

In more positive news for the United States economy, debt delinquencies fell in the fourth quarter, showing that consumers are better managing their debts and dealing with their mortgages. The news comes from a study done by the American Bankers Association that was highlighted in a recent press release....

United States Household Debt Changes Composition

Morgan Stanley recently released some new data about household debt in the United States and there are some interesting changes. Prior to the global financial crisis, households in the United States continued to take on a lot of debt and mortgage debt was the major contributor. As soon as the global...

Common Debt Myths!

Most people have debt of some kind but many of us don’t understand how to manage it effectively and how to save money when it comes to debt. Unfortunately there are a number of common misconceptions or “debt myths” that have sprung up over the years, and those myths contribute to some...

Pay off Your Mortgage Faster!

If you have purchased a property or are considering doing so, you probably appreciate the massive chunk of debt involved. It’s usually the most debt a person will get into in their lifetime and usually spans two or more decades. While it is most definitely in your best interest to pay off your...

Student Debt May Hurt Housing Sector

The amount of debt that college graduates are lumped with has been a growing concern in recent years. Many students come out of college with between $30’000-$100’000 in debt, and are looking to secure employment quickly to pay those debts down. One unexpected outcome of this massive amount of...

Home Equity Loan Overview

A home equity loan is a loan that uses the the value of your home as collateral. Many people use these kinds of loans to finance large expenses like a home renovation, college degree or medical expenses. The loan will reduce the equity in your home. There are two types of home equity loans: Home equity...
Page 1 of 212