02
May
As Retailers Close, Store Credit Card Accounts Might Stay Open

With a rising number of retail stores closing their doors, consumers might also be affected when it comes to their store credit cards.From bank notices to phone calls, some consumers might be receiving requests for additional information regarding their store credit cards even though the retailer has been shut down for a while. For some […]

Posted in: Credit Card News,
02
May
GAO Report Details Shady Practices from Student Loan Consultants

Some colleges turn to consultants when they need help controlling their cohort default rate. The cohort default rate shows how many students have missed loan payments in the three years since their repayment period began.It’s important for colleges to report low default rates. If the cohort rate among graduates from a certain college rises too […]

Posted in: National News, Student Loan News,
01
May
The Government Is Offering Free Seminars for Small Business Week

On April 29, the U.S. Small Business Administration (SBA) kicked off its National Small Business Week 2018 in Washington, D.C. Small business owners from anywhere in the country can pick up some free business advice through free online workshops.The SBA is the go-to source and voice for small businesses. Backed by the federal government, it […]

Posted in: Financial News,
28
Apr
Over a Million Minors Were Victims of Identity Fraud in 2017

A jury summons or a debt collector call might not be all that remarkable – unless it’s for your child. If that happens, it’s a sign they might be a victim of identity theft.In 2017, over 1 million children (1.48 percent of minors) were victims of fraud or identity theft according to Javelin Strategy & […]

Posted in: Credit Scores, Financial News,
27
Apr
Could Post Offices Begin Offering Banking Services?

If Sen. Kirsten Gillibrand (D – N.Y.) has her way, post offices may start offering a lot more than stamps and mailing options to the patrons walking through the door. Gillibrand introduced a bill this month that would mandate every U.S. post office to offer certain banking services as well.The move might have some potential. […]

Posted in: Banking News,
27
Apr
Navient Reports Greater Earnings and Fewer Student Loan Charge-Offs

Navient reported its first quarter earnings this week through its recently expanded segment reporting to reflect the company’s wider business mix.On April 24, Navient stated from its earnings report in the first quarter that it had $500 million of originations in private education refinance loans, a 43 percent fall in private education loan charge-offs and […]

Posted in: Industry News, Student Loan News,
26
Apr
Why the 84-Month Auto Loan Isn’t Your Best Option

Some auto lenders are considering a jump to offering 84-month loans for new cars and trucks. While paying interest for seven years doesn’t appeal to some customers, others will take that deal if it helps them afford a more expensive vehicle.Why Bump Up the Loan Length?An 84-month term is a boost from the traditional high […]

Posted in: Auto Loan News,
26
Apr
Ashland University Expands Gaming Scholarship by Adding Fortnite

For gamers looking for an esports scholarship, Ohio’s Ashland University program may hold some appeal with the addition of Fortnite Battle Royale to its offerings.Ashland University’s esports team is the first U.S. college program to add the popular title to its official offerings, according to a recent press release. Beginning this fall, Fortnite will join […]

Posted in: Financial News,
24
Apr
Upstart CEO Dave Girouard Talks Machine Learning, Artificial Intelligence, and Personal Loans

I recently had the chance to interview the CEO and Co-Founder of an interesting and successful company known as Upstart. Upstart made a name for itself over the last 6 years as a personal loan lender. How exactly did it do this? Upstart implemented an artificial intelligence (AI) and machine learning (ML) algorithm that could underwrite credit […]

Posted in: Personal Loan News,
20
Apr
Govt Reaching Out to Help Disabled Veterans Get Student Loans Discharged

The Department of Education is expecting to alert many military veterans that they will qualify for student loan forgiveness. Thanks to a new government agency partnership, disabled vets may find it easier to erase their student loan debt.On April 16, the Department of Education announced a partnership with the Department of Veteran Affairs (VA) to identify […]

Posted in: National News, Student Loan News,