What Happens When You Stop Paying Your Student Loans - U.S. News & World Report

 What Happens When You Stop Paying Your Student Loans

Featuring Chelsee Spencer
9 July 2018

 

In a perfect world, you'd have no student loan debt. And, if you did, you wouldn't have taken on more debt than you could handle. Or you wouldn't be facing financial setbacks that are making repayment of those loans a daunting task. 

But the fact remains that, in 2017, the average student loan balance sat at $34,144 – a record high for the nation. And, on average, more than 3,000 people default on their federal loans every day, according to government data.

Click here to continue to U.S. News & World Report to read the entire article.

9 things to know about your credit score and how it's calculated

 9 things to know about your credit score and how it's calculated

Featuring Kristen Holt, CEO
5 July 2018

 

More and more Americans are checking their credit and understand how the scoring system works.

The percentage of consumers who have obtained at least one credit score over the past four years has risen to 57 percent in 2018, up from 49 percent four years ago, according to a survey released in June by the Consumer Federation of America (CFA) and VantageScore Solutions.

The survey also shows that people who get their score know much more about how the system works than those who do not.

Click here to continue to USA Today.

Financial worries: Why waiting to file bankruptcy can be so damaging

 Financial worries: Why waiting to file bankruptcy can be so damaging

Featuring Kristen Holt, CEO
21 June 2018

Filing for bankruptcy is often seen as an admission of personal and financial failure. Many people try hard to avoid it, but they end up paying the price for waiting.

The longer people wait to file bankruptcy, the more they struggle, according to a 2018 law review study. By the time they declare bankruptcy, their well-being and financial life are damaged, undermining the fresh start the legal tool offers them.

Here’s why waiting to file bankruptcy can be so damaging — and when you should consider filing.

Click here to continue to USA Today.

Retiring with debt? More Americans are. Here are some strategies

Retiring with debt? Most Americans are. Here are some strategies 

Featuring Donna McNeill, Chief Operating Officer
21 June 2018

Rhonda and Lonnie Edwards Jr. had good middle-class jobs most of their lives. He worked nearly 35 years in an hourly union job at General Motors. She had a job in Detroit Public Schools for 13 years as an attendance agent and earlier as a parent liaison. She later worked for the state unemployment agency for another 10 years.

"We were just middle-income earners. My goal was to be debt free by the time we retired," said Rhonda Edwards, 63.

Things didn't quite work out that way. The medical bills hit after Lonnie, now 67, was diagnosed with prostate cancer in 2007, just three years after he had taken an early retirement in his 50s.

Click here to continue to Detroit Free Press to read about financial strategies to consider if you are in or near retirement.

What is Debt Consolidation? - Magnify Money

What is Debt Consolidation? 

Featuring Chris Dlugozima, GreenPath Education Specialist
9 May 2018

Dealing with multiple personal debts might feel a lot like playing whack-a-mole – different bills with different due dates, minimum balances and late fines and penalties. Just when you’ve sent in one payment, another bill pops up. It’s easy to see how people get behind when repaying multiple debts overwhelms them. Debt consolidation can help by essentially rolling all your debt payments, most often credit cards, into one with a single due date and an interest rate that is often lower than what you are currently paying.

Click here to continue to Magnify Money to read about how debt consolidation works, the types of debt that can be consolidated, and more.

Effective debt management: How to increase savings and get rid of that debt load - USA Today

Effective debt management: How to increase savings and get rid of that debt load 

Featuring Kristen Holt, GreenPath President & CEO
2 May 2018

Debt is high and savings are low. 

Indeed, total household debt rose to an all-time high of $13.15 trillion at year-end 2017, according to the Federal Reserve Bank of New York's Center for Microeconomic Data.

And, as of year-end 2017, some 4.6% of outstanding debt was in some stage of delinquency. Of the $619 billion of debt that is delinquent, the Federal Reserve Bank of New York noted that $406 billion is seriously delinquent - at least 90 days late or "severely derogatory."

Click here to continue to USA Today to read ways to drop debt and bolster savings.

Preparing for Summer Childcare - Fox News 29 San Antonio

Preparing for Summer Childcare

Featuring Gladys Coward, Financial Wellness Expert
27 April 2018

The school year is set to wrap up in about a month with kids out of class for the summer. With the summer comes the pressure of securing all day child care for working parents, which can be very costly.


Click here to continue to Fox 29 News San Antonio for all of Gladys' options for safe and affordable childcare.

Financially Healthy in 2018 - Fox News 29 San Antonio

Start saving your money now!

Featuring Gladys Coward, Financial Wellness Expert
13 April 2018

Thinking about ways to save money each year? Gladys Coward, from GreenPath Financial Wellness, has some great ideas for you to start your savings plan. She says you can begin by eating out less and putting away some money every paycheck.

Click here to continue to Fox 29 News San Antonio for all of Gladys' money saving tips.

Non-Profit Helps Consumers Lead Financially Healthy Lives - RewardExpert

Non-Profit Helps Consumers Lead Financially Healthy Lives

By Angela Rose 

 

Is credit card debt a source of embarrassment? If so, you’re not alone. According to one recent survey, 79 percent of respondents are more embarrassed by their credit card balance than by the products and services they’ve purchased with it. Nearly 26 percent said they spend above their means, and 31 percent would rather lose their right to vote in elections than have their credit card balance posted on social media for everyone to see.

Click here to continue to the article.

Getting a Jump Start on Tax Season - Fox News 29 San Antonio

Getting a Jump Start on Tax Season

Featuring Jorge Mata, GreenPath Quality Assurance Specialist 
2 February 2018

The end of January means tax season has begun. Don't start out 2018 on a bad financial note and avoid your taxes.

Jorge Mata, with GreenPath Financial Wellness, says there are some things you need to do before you file your taxes. 

Click here to continue to Fox 29 News San Antonio to watch the clip of Jorge providing tax tips and explaining why you should file sooner rather than later.

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