Managing student loan debt after graduation

Thousands of students graduated from college in May, a number of whom may be taking on new jobs or moving to a new city. In addition to their diploma, however, many of these individuals will be finishing school with large student debt bills. In most cases, recent grads will have a six-month grace period before […]

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New survey shows rise in consumer sentiment

With gas prices trending downward from the $4 mark, more Americans are again feeling confident about their financial situations, according to new data from Thomson Reuters and the University of Michigan. Consumer sentiment climbed to 74.3 in May from 69.8 a month earlier. Even with the 5-point increase, the index is still short of the […]

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U.S. economy expected to have added 178,000 jobs in May

The millions of unemployed Americans may receive some positive news this week, according to a recent CNN Money survey. The news source's survey of economists expects that the U.S. economy took on 178,000 jobs in May, helping to bring the unemployment rate down to 8.9 percent from 9 percent a month earlier. Although the expected […]

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Organizing homes can save families thousands each year

With the country's economy taking small strides toward recovery, many Americans are realizing they may need to do the same if they want to meet their financial goals. According to a new report from GetSetOrganize.com, some households may be able to save thousands of dollars annually by getting their homes in order. "When done right, […]

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Good-will deletion can help improve credit scores

Applying for a mortgage can be a nerve-racking experience, especially for consumers who have one or two poor items on their credit reports. However, these individuals may not have to be slaves to their poor credit scores, Bankrate reports. Consumers who have a couple bad marks on their records but an otherwise exemplary credit history […]

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Lenders offering more subprime auto loans

Since the recession, numerous individuals with bad credit have been unable to secure loans for a new vehicle because lenders tightened their restrictions. However, a new report from Experian Automotive says financing providers may now be more willing to extend loans to credit-challenged consumers. In its quarterly analysis of the credit industry, Experian found loans […]

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Applying for multiple credit lines at one time can hurt credit scores

The economic downturn has caused many Americans to pay closer attention to their credit reports and scores. In order to improve their finances, a number of consumers have focused on making timely payments and paying down their debt. "You pay the biggest price for not paying on time and having the biggest credit balances," David […]

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GDP grows but pace slows

Americans who were expecting another major national economic growth leap during the first quarter of the year may have been disappointed to see the latest figures from the U.S. Department of Commerce. Although gross domestic product climbed at an annual rate of 1.8 percent during the first three months of the year, it was well […]

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Roughly 33 percent of Americans fell behind on credit card payments after collapse of housing market

More than half of 5,027 Americans aged 50 and older say they are not confident about their ability to live comfortably when they retire, according to a recent survey from the AARP. The U.S.-based non-governmental organization found between October 2007 and October 2010, about a third of individuals in this age range were unable to […]

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Housing market expert says it may take 3 years to clear foreclosure inventory

The housing market's recovery continues to trudge along because of the large number of bank-owned homes and those in the process of foreclosure accounting for a large percentage of overall sales, says James Saccacio, chief executive officer of RealtyTrac. Saccacio says the high number of these sales are helping to keep home values from falling, […]

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