Category Archives: Loans
As State Cuts University Budgets, College Students Take Out Bigger Student Loans in Tennessee
Tennessee universities are short on cash, and its students who are bailing them out. While Tennessee funded 55 percent of public college budgets in 2002, a decade later the state is only covering 30 percent, according The Tennessean. As a result, students are being crushed under a load of ever-increasing debt. Students at Middle Tennessee… Read More »
Lenders Market Personal Loans for Debt Consolidation, But Atlanta Bankruptcy May Be More Realistic
Lenders are beginning to market personal loans as a way for cash-strapped Atlanta consumers to consolidate debt, according to The Wall Street Journal. While small loans all but died off during the recession, banks now see them as a way to make up for a reduction in home equity loans and other types of lending…. Read More »
Debt Consolidation Loans Make a Comeback, but Tennessee Bankruptcy May Offer Smarter Solution
More Tennessee residents are taking out personal loans to pay down debt – but while some borrowers are finding relief, others end up exacerbating their debt problem. After falling out of favor during the recession, personal loans are once again being handed out by lenders for everything from kitchen remodels to debt consolidation, reports The… Read More »
Banks Pushing Debt Consolidation, But Chicago Bankruptcy May Be Better Solution
Personal loans all but disappeared during the recession, but it looks like they’re making a comeback. The Wall Street Journal reports that lenders like Wells Fargo and Discover Financial Services are signing Chicago consumers up for personal unsecured loans to cover expenses like home repair projects, weddings, and paying down debt. Bank customers received 425… Read More »
Young Chicago Adults Needing Financial Advice May Consider Bankruptcy in 2012
The Occupy movement started strong and faded quickly after police and city officials began taking a stance against protesters and seeking to remove them. But at the core of the message, the young people who slept in parks, chanted sayings, held signs and sought change wanted a better shot at success. They wanted to live… Read More »