Millions of former students are struggling under the weight of loans.
There are millions of students who are senselessly defaulting on their student loans while failing to take advantage of programs meant to protect them financially. And chances are, it’s the poorest, least sophisticated borrowers who are suffering worst.
Continue reading… “New statistics prove our student loan system is broken”
The increase in the number of foreclosure actions could be the beginning of a new trend.
Banks are stepping up their actions against homeowners who have fallen behind on their mortgage payments and setting the stage for a fresh wave of foreclosures.
Continue reading… “Mortgage default warnings surge setting stage for new foreclosure wave”
The smell of corruption is offending more than few nostrils
Futurist Thomas Frey: Recent attempts by Congress and the Federal Reserve Board to curb the excessive fees being charged by credit cards, banks, and finance companies have resulted in a punitive industry response with interest rates and fees climbing in almost every category. This action has resulted in nothing short of a full-scale revolt by a victimized-feeling public.
Continue reading… “The Great Bank & Credit Card Backlash”
Mortgage-only defaulters are less likely to then default later on new car loans or credit cards.
People who have defaulted only on their mortgages and no other debts are not as risky as expected, according to a new study from credit monitor TransUnion.
Continue reading… “People Who Default Only on Their Mortgages May be Safe Credit Risks: Study”
Postal Service reports more that $2 billion in losses.
The U.S. Postal Service is continuing to lose money, reporting a loss Tuesday of more than $2 billion over the first three months of the year and warning it could be forced to default on federal payments.
Continue reading… “Billions in Losses Reported By the Postal Service”
One quarter of students defaulted within 3 years of starting repayment on their college loans.
About one-quarter of students who took out federal loans to attend for-profit colleges defaulted within three years of starting repayment, according to a new federal analysis.
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
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