MONEY TALKS

August 24, 2016

Did you know that there are five different ways to qualify for student loan forgiveness? As long as you make your required payments on time, your credit score will not be hurt by entering into one of these plans.

Each program has its own rules and regulations,...

August 22, 2016

Debt accelerator.

Debt snowball.

Debt avalanche.

Whatever you want to call it… it works! If you seriously  want to pay off debt fast, building up a better credit score, and starting a brighter financial future, here’s what you need to do:

Step 1: Gather all your most recen...

August 22, 2016

Millennials deal with short-term sources of debt including Alternative Financial Services (AFS), such as payday loans and pawnshops.

In the past five years, a large number used AFS:

• 50% with a high school degree or less

• 28% with a college degree

• 39% who have a bank a...

August 19, 2016

Debt Crosses Economic and Educational Lines and millennials are over-indebted regardless of education levels.

• 2/3 of all Millennials, and 80% of collegeeducated Millennials, carry at least one source of outstanding long-term debt

• 31% of all Millennials, and 44% of co...

August 14, 2016

Millennials Worry About Student Loans.

Student debt is common across demographic characteristics. Millennials are heavily leveraged on their educational investment, and many student-loan borrowers are troubled by this debt.

• 54% are concerned about their ability to rep...

June 16, 2016

Millennials Have Inadequate Financial Knowledge. Among the overall adult population, Millennials are the age group with the lowest level of financial literacy.

• Only 24% demonstrated basic financial literacy
• Only 8% demonstrated high financial literacy

When tested abo...

June 14, 2016

Millennials, the generation of Americans born between the early '80s and the mid-90s, are exceptional in many ways. They are better educated than their predecessors, more ethnically diverse, and more economically active. They confront greater difficulties - including e...

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