How Does Greece’s “No” Vote Affect the European and World Economies?

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Earlier this month, Greek voters let parliament and the rest of the world know they were vehemently opposed to any bailout, entailing additional cuts and austerity measures. Greece’s “no” vote was one that not only shocked the world, but could have had a devastating impact on both the European and world economies, had a bailout…


The Recession of 2008: Are We Doomed to a Repeat?

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The housing boom leading up to the 2008 recession was a primary cause of the U.S. economic crash. Government regulations required banks to ease lending restrictions and people could easily obtain loans for mortgages by using “stated income” documents. Banks made borrowing very easy so more of the population could obtain sub-prime loans which provided…


Can Old Debt Come Back to Haunt You?

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An old debt can unexpectedly rear its ugly head at the worst possible time. You are trying to buy a house or finance a car and one of these debts may be on your credit report, damaging your score, or even making it impossible to get a mortgage or car loan. There are ways to…


The Corinthian College Debt Controversy

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Nine states have asked the U.S. Department of Education (DOE) to forgive federal student loans for students who assumed these debts to attend Corinthian colleges, as reported in an April 2015 article on Market Watch. Those states are California, Connecticut, Illinois, Kentucky, Massachusetts, New Mexico, New York, Oregon, and Washington. Attorney Generals of the nine…


What Bankruptcy Really Means

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It’s pretty safe to say that no one, who has ever ended up filing for bankruptcy, woke up one morning and enthusiastically said, “Let’s Do This!” While bankruptcy can be a huge transition in one’s life, it’s also not the end of the world and there should never be any shame associated with choosing bankruptcy….


Student Loan Debt – A Big Bubble Waiting to Burst

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Student loan debt in the United States has reached an all-time high, now standing at $1.2 trillion dollars. This is due to the fact that more than 40 million Americans currently have one or more outstanding student loans. The average number of student loans per person has also risen, according to CNN Money, to four…


How to Make Sound Financial Decisions

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Even when you remain cognizant of how much money you earn, save and spend in your normal daily routine, it’s still possible to make poor financial decisions on occasion. Often, the stumbling blocks come in the form of high ticket items, like cars, homes and vacations. Depending on the amount of money involved, it’s possible…


What Can We Learn Personally From The Greek Debt Crisis?

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Recent reports about the Greek Finance Minister, the charismatic Yanis Varoufakis, who describes himself as an “erratic Marxist,” have once again brought the Greece into the headlines. Greece is deeply in debt, to the tune of €240 billion ($272,270,240,000 U.S.). Varoufakis is involved in negotiations with the German Finance Ministry and its fiscally conservative leader,…


Exploring the United States on a Budget

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The United States is well known for its countless natural wonders. Our nation’s national parks, for example, recorded nearly 293 million visits in 2014 alone and our national forests get more than 163 million visits a year. So many people visit our national parks and forests because they represent the best the United States has…


Is Credit Card Consolidation Right for You?

Do you continue to make monthly payments on your credit cards and loans, but sometimes feel like filing for bankruptcy may be the only way you’ll ever get out of debt? If so, you’re not alone. In fiscal year 2013, U.S. Bankruptcy Courts reported over 930,000 individual bankruptcy claims. Filing bankruptcy as a way to…