Student loan debt surpasses credit card debt on Credit Reports

The race between the credit card debt and the student loan debt accrued by the Americans has been won by the later. Unfortunate, but true. Student loan overshoots the credit card debt the last year, and as the number of college students growing, it is expected to grow even more.

(PRWEB) June 13, 2012

Recent studies show that outstanding student loans will cross $1 trillion this year–proving that Americans now owe more on student loans versus credit cards, according to the Federal Reserve Bank of New York, the US Department of Education and private sources. The study also states that the amount of student loans calculated last year has crossed the $100 billion mark, for the first...

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Rebuilt Engines Website Now Selling Ford and Chevy Engines with …

Rebuilt engines website,, is now selling Ford and Chevy engines with extended warranties for all customers. A traditional rebuilt engine has a warranty of one year or less and this new extension is designed to protect longer against the most common engine wear and tear.

Dallas, TX (PRWEB) June 10, 2012

Rebuilt engines from Ford and Chevy are now being sold with extended warranties at This move to extend the traditional warranty coverage period for a rebuilt engine is in an effort to help protect customer investments. Some motors that are sold rebuilt on the secondary engines market do not come with a warranty or offer...

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Bad Credit Raises Cost of Insuring Car, Home

Insurance score

Similar to the FICO credit scores that range from 300 to 850, insurance scores go from 300 to 900, Boyd said.

Boyd said the most-significant factor for determining an insurance score is payment history. It amounts to about 40 percent of the score. Other key factors include whether the consumer has been delinquent on credit accounts and by how much and also how much of their available credit they use.

How insurers use insurance scores to set premiums varies considerably from one company to the next. It is one of a number of factors that insurers consider in setting rates.

The difference in cost can be substantial.

Some carriers have more than...

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PMI can be a helpful tool for homebuyers

Private mortgage insurance (PMI) has been around in some form for many years, allowing buyers to purchase a home with a minimal down payment. It is essentially an insurance product for banks, which covers the risk they have if a homeowner defaults on a mortgage loan. Unless the loan is backed by a government program such as FHA or VA, as I have written about in a previous article, it is typically required on loans that are originated with less than a 20 percent down payment.

The PMI premium is included as part of the borrowers monthly mortgage payment, in addition to the real estate taxes and the hazard insurance that is carried by the owner. PMI also can be paid in a lump-sum payment...

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Kenly woman to receive refund after credit firm breaks promise


Paula Parrish said she wanted to buy a house, but couldnt because of her low credit score, so she contacted Barnes Consulting in Kenly for help.

I knew I had legitimate debt that I wanted to get taken care of, Parrish said.

Parrish said she paid the company $500 and employee Charlie Gilantzis gave her advice.

Charlie told me to open an account with Fingerhut or Bank Card to build my credit up, Parrish said. Thats what I did. I got approved and as soon as I did that, it plunged my credit score again.

After three months of back and forth with the company, Parrish complained to the Better Business Bureau and also requested her money back.


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Oh My Tech!: Most warranties still a waste, but not for MacBooks

About the last thing I would recommend someone get when they shop for new gadgets is one of those extended warranties.

You know the ones I’m talking about. When you purchase anything at Best Buy, for example, the clerk always tries to sell you the extended warranty for another hundred bucks or so that extends the 90-day warranty to something like four more years.

Explore how fast and easy it is actually to get authorized for your next auto loan.

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Auto Warranty Firm Settles Charges With Missouri

As soon as you buy a used car, your mailbox quickly fills with urgent messages from companies that want to sell you an extended service contract, often called extended warranties.

Missiouri Attorney General Chris Koster says his office has reached a settlement with one of the companies that sends out these notices, Dealership Warranties, Inc., a company that is now doing business as National Vehicle Protection Services.

Under the settlement, the company will restructure the way it sells vehicle service contracts. Dealership Warranties will also pay $18,500 to the state in restitution and costs.

No deceptive sales tactics

The consent judgment against Dealership Warranties...

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Kooris back personal debt solution

South Coast indigenous communities have welcomed a ground-breaking program which has allowed struggling Illawarra residents to slash thousands of dollars of personal debt.

Aboriginal Legal Service NSW chief Gerry Moore said the extension to Nowra of the Work and Development Order scheme (WDO) was great news for Aboriginal communities.

One of the main worries for Aboriginal people is accumulating fines debt, Mr Moore said yesterday.

  • THE SCHEME: Digging battlers out of debt, no money required

    This service is a real and practical way Aboriginal people can pay off their fines, go on to find full-time work, learn new skills or get their drivers licence back, he said.


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    Laptop protection for younger users takes many forms

    Laptop protection for younger users takes many forms

    Extended warranties, service plans, soft covers and more rugged designs are some of the ways parents can protect their investment in a teenagers laptop.

    By Julie Weed

    Special to The Seattle Times

    Consumer Auto Loan is the perfect automotive finance source on the Internet for an auto loan.

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    TEXT-Fitch cuts Residential Capital LLC rating to ‘D’

    May 15 – Fitch Ratings has downgraded the Long-term Issuer
    Default Rating (IDR) of Residential Capital LLC (ResCap) to D from
    C following the companys filing of voluntary petition seeking relief under
    Chapter 11 of the US Bankruptcy code. In addition, Fitch has maintained the
    Rating Watch Negative on the BB- Long-term IDR and senior unsecured debt
    rating of Ally Financial Inc. (Ally) and its subsidiaries. A full list of rating
    actions follows at the end of this release.

    Concurrent with its filing, ResCap announced that it has reached a settlement
    agreement with Ally and some of its key creditors on terms of a pre-arranged
    Chapter 11 plan....

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