American colleges took in $83 million from credit card companies, leading some to wonder if college students are being exploited by the industry. But here are the real numbers: The average college student graduates with about $…
On a recent Today Show Money 911 segment, a caller said she’d filed for bankruptcy — but that didn’t free her from her student loans. She then asked how bankruptcy would affect her ability to get more student loans. Clearly, s…
A new documentary raises an interesting question: is excessive debt a new kind of slavery? DailyFinance talks to CNN’s Soledad O’Brien, who examines the issue in the context of a black church in New Jersey that is aiming to free its members from debt.
Continue reading Is Debt a New Form of Slavery?
Is Debt a New Form of Slavery? originally appeared on DailyFinance on Thu, 21 Oct 2010 13:00:00.
Five of the six largest U.S. issuers of credit cards reported a drop last month in then percentage of credit-card balances deemed uncollectable. The drop suggests consumers may be making headway in their efforts to pay off thei…
Investors hungry for higher yields are flocking to the credit markets, putting junk-bond issuance on a record-setting pace. And lenders are loosening credit standards, while companies take on debt just because it’s cheap. Sound…