Below you'll find a list of all posts that have been categorized as “Best Of”
Most private lenders advertise cosigner release programs. The advertising pitch is usually all the same… sign up with our loan, get a cosigner, and then when your credit is good we will “release” the cosigner from the loan. It is an effective sales pitch, because it encourages cosigning for loans. …
It is no secret that student loan lenders are not charities, but in fact, they are in business to make money. Over the years the law has progressively become more and more lender friendly. As a result, many borrowers and their cosigners have found themselves in ridiculous positions. One of …
Enrolling in an Income Based Repayment Plan for your student loans is a fairly easy task. Not only is IBR a great way to lower your monthly payments, but the program also offers benefits such as student loan forgiveness. However, be advised that signing up for IBR is a little …
Student loans and to a certain extent mortgages have long been referred to as “good debt”. Credit card debt and auto loans were considered to be the proverbial “bad debt”. If there is once thing we have learned from the sub-prime mortgage crisis and student loan crisis, it is that …
Many student loan borrowers are able to improve their credit score by consolidating or refinancing their student loans. Unfortunately, not all borrowers see an increase in their score. Some borrowers may actually see their score drop by consolidating or refinancing. Though federal direct consolidation and private student loan refinancing are …
Paying off student loans with a credit card is an ideal scenario for many borrowers. Using a credit card to pay off student loans has two big advantages: Borrowers can quickly rack up credit card rewards and points, and; Borrowers can strategically use 0% credit card into rates to save …
Phone calls with lenders can be especially stressful. For many borrowers, student loans are by far their biggest debt. Student loan companies, including federal student loans servicers like Navient and MyFedLoan have a well deserved reputation for lousy service. This combination of financial pain and terrible customer service can be …
For most people getting student loans is a pretty easy process. You fill out some paperwork, sign your name, and before you know it, tuition is paid in full. Unfortunately, getting the right student loans is not so simple. Repayment plans, interest rates, fees and cosigners make navigating the student …
Last weekend the local paper had a financial advice column for parents of students headed off to college. This “financial expert” suggested that even though building a credit history important, college freshman and sophomores are likely not ready for the responsibilities of a credit card. In this experts eyes, credit …
A couple days ago reader Alex posted a great question in response to our article about whether student loan consolidation was good or bad for your credit score. Alex wrote: I have a student loan that shows up on my credit record as 4 Dept of Ed/Sallie Mae accounts. When …
