Length of car loans rises, helps fuel sales - The Detroit News

Length of car loans rises, helps fuel sales
Melissa Burden/The Detroit News

25 August 2014

Auto industry analysts say that longer term auto loans — some for seven years or longer — have helped fuel robust growth in new car sales. But the increasing prevalence of the six-year-plus terms has led some industry observers to question the practice. With a seven-year car note your baby in the back seat will be well into elementary school when the vehicle is paid off.

Cosigning a student loan risky for parents - Detroit Free Press

Cosigning a student loan risky for parents
Susan Tompor/Detroit Free Press

21 August 2014

(Syndicated pick-up by USA Today, Bloomberg Businessweek, New York Daily News, and HispanicBusiness.com.)

One question is bound to pop up as college students head to campus: “Hey, Mom, would you cosign for a student loan?”
 

Take swift action against collection debt - Fort Collins (CO) Coloradoan

Take swift action against collection debt
Sara Gilbert/The Coloradoan (Fort Collins, CO)

16 August 2014

More than 31.2 percent of Coloradans have an account held by a collection agency, a recent study by the Urban Institute shows.The average amount of collection debt for Colorado residents in collection is $5,837.
 

Americans Borrow for Cars, Less So for Homes - The Wall Street Journal

Americans Borrow for Cars, Less So for Homes
Alan Zibel/The Wall Street Journal, A2

15 August 2014

Tanya LaPrad, a 43-year-old cardiovascular technician and yoga instructor from Monroe, Mich., worked with nonprofit credit counseling firm GreenPath Debt Solutions to pay back $21,000 in credit-card debt over four years.

Many Dallas-area consumers dealing with debt in collections - The Dallas Morning News

Many Dallas-area consumers dealing with debt in collections
Pamela Yip/The Dallas Morning News

3 August 2014
 
Could Dallas-area residents really be that bad at managing their credit? Last week, the Urban Institute, a Washington-based think tank, released a study that showed that 35 percent of Americans have debt in collections on their credit report.
 

Study: 35 Percent in US Facing Debt Collectors - Associated Press

Study: 35 Percent in US Facing Debt Collectors
Joshua Boak/Associated Press

29 July 2014

WASHINGTON (AP) — More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.

These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student debt pile up, unpaid. Even past-due gym membership fees or cellphone contracts can end up with a collection agency.

 

Can I get a credit card with poor credit? - Bankrate.com

Can I get a credit card with poor credit
Jeanine Skowronski/Bankrate.com

23 July 2014

Dear Credit Card Adviser, I have been applying for secured and unsecured credit cards as a way to rebuild credit. I keep getting denied because of unpaid medical bills. Are there credit cards that someone with poor credit can qualify for?  -- Natalie

5 Types of Bad Credit Loans to Avoid - US News & World Report

5 Types of Bad Credit Loans to Avoid
Geoff Williams/US News & World Report

15 July 2014
 
Even if your finances are rock-solid, you've probably noticed the advertisements suggesting that if you have bad credit, Company X will be happy to give you a loan.

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