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Love And Money

Researchers have seen a noticeable difference when it comes to people who live together and people who are married. When people are living together, they still function as two independent souls who happen to reside under one roof. But when they marry, they begin carrying the cultural weight that for generations has come along with being husbands or wives, and their behavior changes accordingly.

Interestingly, the more financial independence a woman has the less likely she is to get married. Working women are 50 percent more likely to move in with a partner and 15 percent less likely to marry than women who don’t work steadily, according to research from Cornell University. By contrast, the more financially independent men are, the more likely they are to want to put a ring on someones finger.

Men who make an above-average salary are 26 percent more likely to get married than those who earn an average one. Read full article…

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Is That Car Loan Debt Going to Put a Strain on Your Budget?

If you are like most people, you have a casual idea of how much money you bring in every month versus how much you spend. The word budget is one of those things that youd prefer to avoid, even though you know its kind of important to keep track of how much money you have to spend on necessities, plus the things you want. When it comes to buying a car, your attitude might be that you have your heart set on driving a certain make and model and, therefore, are willing to skimp over the specifics of how exactly youre going to pay for it.

After all, youve been waiting a while to get this dream car and you saw one at the local dealership that is in the exact color you want. It also has that cool GPS system that you know will help you out when driving to out of town destinations.

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Tags: Budget

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Should you cosign for a student loan for Junior?

Many young people are unable to get private student loans without a cosigner. Their parents may step in to help them get the loans the need, but end up putting their own financial security at risk. Here are some things you should think about when weighing the pros and cons of co-signing for student loans.

Federal vs. private student loans

Your kid should always apply for federal student loans before turning to private loans. Federal loans such as the Perkins or Stafford are not based on credit scores, so there is no credit check. Students also do not need a cosigner to qualify for federal aid. However, private student loans do require a credit check, and your student probably won’t qualify without a cosigner. Depending on the lender the borrower may be required to get a cosigner even with a healthy income and credit score.

Parents’ financial profile

As a parent you should ask some questions about your financial situation–now and in the future. Use t

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Tags: Loan, Student Loan

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Minnesota Attorney General Sues Debt Collector for Alleged Robo-signing

Encore Capital Group, a San Diego based debt portfolio buyer and its subsidiaries Midland Funding LLC and Midland Credit Management Inc., are being sued by the Minnesota AG for alleged robo signing of court affidavits.

According to Minnesota Attorney General Lori Swanson, “Midland has perverted the justice system by filing robo-signed affidavits in court and hounding citizens for debt they don’t owe.”

The lawsuit, filed in Hennepin County, Minnesota, reportedly includes testimony from Midland employees that some had signed as many as 400 affidavits a day without reading through them.

Minnesota’s action follows an Ohio Judge’s ruling that cleared the way for the lawsuit to proceed.  The Judge ruled that Minnesota’s cases would not interfere with a previously filed $5.2 million class action against these giants of the debt collection agency industry. The lawsuit ask for a cessation to improper practices and fines of $25,000 per violation and for contempt of court. <

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Tags: Alleged, Alleged Robosigning

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Mistakes to avoid if you are opting for debt consolidation

Among the various debt pay off options, debt consolidation is quite popular because of the various benefits that it offers. It reduces the number of debts that you have, it lowers the interest rate on your debt and also helps you in improving your credit. So, many people opt to consolidate their debts and become free of the stress and the evil called debt. So, if you think that you are having problems in making payments on the several debts (unsecured) that you have. But before you opt for debt consolidation, it is important for you to learn about some of the mistakes that majority of people do while consolidating their debts.

Mistakes to be avoided

The mistakes that you will have to avoid in order to get the required success with debt consolidation are:

1. Not following a plan – It is important for you to make a definite plan as to how many debts you are going to consolidate, the time within which you want to become debt free, and the way in which you are going to make the payments.

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Tags: Debt Consolidation

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