Student loan debt among seniors 65 and older rose by more than 600% between 2005 and 2014[1]. When thinking of student loan debt, many consider it a young person’s problem. Seniors might have student loans for a number of reasons.  Many of the seniors, 80%, have student loans due to loans taken out to fund […]

Photo Credit: Ronan_tlv via Compfight cc With the economy still at record lows and millions of Americans buried in debt, the IRS and many creditors are resorting to wage garnishments to collect their money. When can creditors garnish your wages?  In most cases, a creditor must sue you in court and win a money judgment […]

Everyone knows that credit score affects one’s ability to purchase a home. Higher credit scores mean lower mortgage interest rates. Many consumers have low credit scores as a result of unpaid medical expenses. These derogatory entries on a consumer’s credit report can affect a credit report, undesirably, by 100 points or more.   The current FICO model fails […]