New statistics prove our student loan system is broken

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.

 

 

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The Great Bank & Credit Card Backlash

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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.

 

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‘Free Rent’ Approach on the Rise as Some Homeowners Stop Paying Mortgages

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Some homeowners stop paying their mortgages.

For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of.  Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino.

 

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1 in 5 Homeowners Are Opting for ‘Strategic Defaults’

underwater mortgage

Nearly one-quarter of U.S. mortgages are “underwater,” i.e. the houses are worth less than the balance of their loans.

Underwater on their mortgages and angry at banks, more borrowers are choosing to hand over the keys, even if they can afford the payments. Wynn Bloch has always dutifully paid her bills and socked away money for retirement. But in December she defaulted on the mortgage on her Palm Desert home, even though she could afford the payments. 

 

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The Best Start Pages

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Your start page is the first thing you see when you open your browser or load a new tab—your gateway to the rest of the web. Get the most from your start page with one of these five favorites.

Whether the start page you’re using is your browser’s default or you’ve carefully selected it, checking out these five contenders for best start page will give you a chance to decide if your current start page serves your needs or if it could use an upgrade.

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