Term: managing debt
2 found

3 Ways Student Loan Debt Can Wreck Your Retirement

By Steven Shaw on 4/9/2013

3 Ways Student Loan Debt Can Wreck Your Retirement

It’s tough enough to deal with student loan debt you can’t pay when you’re a 20-something, but imagine dealing with it when you’re in your 60s or 70s. “This population often gets ignored because people hear the words ‘student loans’ and they think 20-year-olds,” says Persis Yu, a staff attorney with the National Consumer Law Center.

It’s a big — and growing  — problem. Americans age 60 and older owe roughly $43 billion in student loan debt and more than 10% are 90 days or more delinquent.

There are some unique challenges that older Americans, many of whom are partially or fully retired, face.

managing debt
student debt
student loan repayment
student loans

What Baseball Can Teach Us About Credit Scoring

By Steven Shaw on 4/2/2013

What Baseball Can Tell Us About Credit Scoring

Spring has sprung! And when I think baseball I think credit scores. Then again, after a 16-year career at FICO, there are few things that don’t make me think of credit scores.

So, before putting on our Panda hats and shelling out $9 for a beer (or are they $10 now at AT&T Park?), let’s take a minute to remind ourselves of the importance of building, rebuilding and maintaining our credit scores all season long. After all, you’d hate to have your next purchase of peanuts or Cracker Jacks denied due to a bad credit score.

credit score
credit report
managing debt