For months now, financial experts have emphasized the need for renewed consumer confidence to bolster the sagging American economy. According to data collected by the Federal Reserve, Americans did just that over the Black Friday weekend, to the tune of $52 billion. Unfortunately, that “money” was actually spent with the swipe of a credit card, a disturbing indication that even after three years of recession, the national love affair with “easy” money has not dimmed.


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Student Loan Debt Creeping into Upper Age Brackets

by Rana January 4, 2012 | Student

While student loan consolidation has been at the heart of many of the “occupy” protests that began late in 2011, few people realize that older Americans are also building up education-based indebtedness that could well follow them for the rest of their lives. According to a report by Reuters released just this month, borrowing money [...]

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Changes in 2012 for Holders of Student Loan Debt

by Rana December 12, 2011 | Debt

One thing is quite clear about the changes affecting payment of student loan debt set to take affect in 2012: confusion. Exactly what is going to be different about how student debt is managed and how will it affect you? Change in Loan Subsidization Status One of the most frightening changes for most student loan [...]

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At What Price were Black Thursday and Cyber Monday a “Success?”

by Rana December 5, 2011 | Credit

As American consumers slowly begin to regain confidence in the state of their finances after struggling through almost three years of recession and high unemployment, they still face the threat of taking on even more credit card debt. This fact was in clear evidence on the busiest shopping day of the year, Black Friday, the [...]

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Debt Consolidation But Begin With No Credit-Based Spending

by Rana December 5, 2011 | Credit

In an article for Fox Business News from November 2011, Steve Bucci addresses a reader’s question about methods to consolidate $30,000 in credit debt. The desired goal was to achieve a single payment at a lower interest rate, but the reader expressed reluctance to use either a home equity line of credit or a mortgage.

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You Need to Resolve Debt: What Are Your Options?

by Rana November 28, 2011 | Debt

We’ve all seen the commercials. We know in a hazy way that something called our credit report compiles our personal credit history into a reference number, or credit score, used by financial entities as a benchmark of “risk.” We may even understand that there are good and bad credit scores. But most people don’t know [...]

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Consolidation Debt by Renegotiation

by Rana November 21, 2011 | Debt

Since 2008, as they struggled under the growing weight of 10% unemployment, the deepening recession, and counter-productive political bickering, Americans quietly changed their attitude toward debt. As the 2011 holiday season approached, stores advertised the time-honored concept of the “lay away” and more customers paid in cash than ever before. Gone are the days of [...]

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