Not only are credit card and student
loan bills financially crippling to many new graduates, it is also forcing grads to cut back on other necessary expenses, such as auto insurance - one bill you legally can not drive without!
Not exact matches
Geoff Davis should be in hot water for opposing a bipartisan Pentagon - backed
bill to cap interest rates on
loan sharks («payday
loans») that cluster around military bases and prey on our young,
financially naive volunteer armed - services personnel.
If some combination of mortgage debt, credit card debt, medical
bills and student
loans has devastated you
financially and you don't see that picture changing, bankruptcy might be the best answer.
On top of student
loan debts, running up credit card
bills and other creditor accounts will make it more difficult to get
financially ahead as school becomes a distant memory.
And while AccessLex Institute agrees that income - driven repayment plans should be simplified, the proposed
bill would eliminate a provision that allows borrowers to have part of their debt forgiven after making payments for 20 or 25 years, ensuring for many
financially - challenged, and even insolvent borrowers, a literal lifetime of debt given the effective nondischargability of student
loans in bankruptcy proceedings.
Getting hitched is a good signal that it's time to buy life insurance, but if you are in a partnership in which you share the rent, the car
loans, the grocery
bills or even the mortgage each month, a loss could be
financially debilitating.
To get a ballpark figure calculate the amount of money your dependents would need to be
financially secure without you (include coverage for any debts you have like mortgages,
loans and other
bills).
Even after your youngest child graduates college and becomes
financially independent or your mortgage is paid off, what happens to your spouse's current lifestyle, living expenses, medical
bills, and outstanding personal
loans?