Beware of Payday Loans

04/08/2016

Beth Luke GreenPath Partner Relations Communications SpecialistBeware of Payday Loans
By Beth Luke

GreenPath Partner Relations Communications Specialist

Payday loans are short-term, high interest loans that are very easy to get.  It may be convenient to stop at a local cash advance store on the corner and tempting if your budget is tight. But, you should avoid these high-interest loans, at all costs!

 

From GreenPath Debt Solutions to GreenPath Financial Wellness

04/06/2016

Donna McNeill GreenPath Chief Operating OfficerFrom GreenPath Debt Solutions to GreenPath Financial Wellness
By Donna McNeill

GreenPath Chief Operating Officer

GreenPath Debt Solutions is now GreenPath Financial Wellness!  The transition is based on our long-term commitment to guide all consumers through life’s financial challenges, not just those in debt. We certainly know there is a need as more than 200,000 people, with a variety of different questions and issues, partnered with GreenPath to improve their financial health in 2015 alone.

 

Spring Clean Your Way to Savings

03/23/2016

Andrew Johnson GreenPath CommunicationsSpring Clean Your Way to Savings
By Andrew Johnson
GreenPath Communications

Springtime means opening the windows, sweeping out the dust from over the winter and starting anew. It is also the opportune time to clean out your wallet or purse, that junk drawer full of receipts and those overflowing file cabinets. But where to begin?

ATM Fees Can Break the Bank

01/25/2016

Donna McNeill GreenPath Chief Operating OfficerATM Fees Can Break the Bank
By Donna McNeill

GreenPath Chief Operating Officer

At GreenPath, we remind our clients of some of the obvious ways to save money: Pack your lunch a few days a week, cut back on the gourmet coffee and stick to your budget. Also, we remind them to consider how they use automated teller machines (ATMs).
 

Study Shows Millennials Rely on Pawn Shops and Payday Loans

01/13/2016

School girl carrying a bookStudy Shows Millennials Rely On Pawn Shops and Payday Loans
By Andrew Johnson

GreenPath Communications Manager

A recent joint study from PwC and George Washington University found that 42 percent of college-educated millennials (ages 23-35) have tapped short-term financing from pawn shops, payday lenders, tax refund advances or rent-to-own purchases within in the last five years. That’s concerning.  In a nutshell, the study says millennials owe a lot, but know too little. 

Lottery or New Year's Resolutions: Money is the Theme!

12/30/2015

three people sitting at a deskSaving Money is the Theme of the New Year
By Andrew Johnson

GreenPath communications

On my drive in this morning, I heard two news stories. The first was discussing a multi-state lottery, where the jackpot is up to nearly $300 million. The second story was on New Year's resolutions. In the lottery story, the reporter asked someone what they would do with the winnings. The first thing the respondent said was "Pay off my debt." In the second story on making New Year's resolutions, another respondent said "Save more money." 

Watch out for these High Maintenance Gifts

12/23/2015

Watch out for these High Maintenance Gifts
By Andrew Johnson

GreenPath Communications
As the Christmas clock ticks down, and your list is still long, you might jump at the first easy gift you see. And while it may seem easy to you, the gift could prove costly to the receiver. It's true, it's the thought that counts, but if you think ahead a bit, you could make sure your loved ones season is merry and bright

The Fed Raises the Interest Rate - How Will This Affect You?

12/17/2015

The Fed Raised the Interest Rate - How Will This Affect You?
By Andrew Johnson
GreenPath Communications

As expected, the Federal Reserve raised the benchmark federal funds rate up a quarter point this week, ending a seven year stretch of nearly zero percent rates. So what does that mean to consumers?
 

Extended Warranties: Make the List or Break the Bank?

12/11/2015

Extended Warranties: Make the List or Break the Bank?
Andrew Johnson
GreenPath communications


The holiday shopping season is in full swing! And, likely, if you have gadgets on your gift list, you are going to be asked about purchasing an extended warranty. But does it make sense for your pocketbook?

Debt Settlement versus Debt Management

11/18/2015

Debt Settlement Vs. Debt Management
Kim Sands, Personal Finance Counselor

GreenPath office - Moline, IL

Whether it's credit cards, medical bills, or financial problems after a divorce, debt is a real problem for American households. The average U.S. household carries $16,000 in credit card debt.

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