The US has approximately 2.5 million people in prison at any given time. While most of them have no significant assets that they would need to manage while away, a few do get snatched away in the middle of a full financial life – mortgages, businesses, outstanding credit card dues
Student Loan Borrowers are Reminded to Only Use Trusted Government Websites and Not Respond to Unsolicited Offers of Student Loan Relief or Assistance Secretary Rodriguez: “To protect yourself from falling victim to a scam, I urge all New Yorkers to read our tips, stay up-to-date with trusted information and remain
By Allison Anna Tait A prenuptial agreement can seem like something only high-profile people like Jeff Bezos – with his US$138 billion fortune to protect – actually need. But prenups – contracts entered into before marriage that detail how assets will be divided in the case of divorce – can be a
Teens applying to colleges easily assume that student loans are a great way to pay for the expenses involved. They simply don’t see how terrible the risks involved are. These loans are very hard to repay. The US has 7 million student loan defaulters. If they were to form a
Medical debt is a significant burden and crisis that keeps many Americans awake, and it shows no signs of abating for over 30 million Americans. Presently, individuals owe more than $190 billion, causing financial distress with negative consequences for their well-being. Sadly, as healthcare costs continue to rise, many are
Why can’t people get rid of student loans through bankruptcy now? Although not impossible, discharging student loans in bankruptcy is difficult. Due to a 1976 law, student loans are not treated during bankruptcy proceedings like other forms of debt, such as credit card debt or auto loans. This policy stems from
Recruiters speak with people seeking employment at a City College job fair last year. Ben Fractenberg/THE CITY BY Greg David and Suhail Bhat | MAY 18, 2023 Cash assistance and other public benefits are helping more New Yorkers weather an economic climate that’s still tough. In a worrisome sign,
It’s easy to find articles explaining the 10 or more areas on your credit report that impact your score. Generally speaking, these lists are not wrong. However, they can be overwhelming and complicate the topic. Where should you really focus your efforts? What will help you get the credit rating
By Carlton Ryan Credit card debt has ruined many lives. Falling too far behind on what you owe to a credit card company can lead to bankruptcy and financial destitution. Whether you’re trying to recover from mistakes you’ve already made with credit cards, or are a first time card holder
On the list of best Valentine’s Day activities, talking about money ranks just below washing the dishes and cleaning the floor, but unlike those household chores, discussing the way you feel about your finances just might save your relationship. You might not want to lead with those money matters –
