by Kevin Fallon McCarthy | Apr 10, 2018 | Student Loan Debt
The Public Service Loan Forgiveness (PSLF) program was established in 2007 to provide federal student loan forgiveness to borrowers employed by local or federal government and certain nonprofit organizations. The loans must be Direct Loans from the federal government,...
by Kevin Fallon McCarthy | Mar 22, 2018 | Credit Card Debt
A recent concern within the credit card industry is the growing number of “charge-offs” that are occurring at small banks. A charge-off is where a creditor declares that an amount of debt is not likely to be collected. This occurs when a consumer becomes delinquent on...
by Kevin Fallon McCarthy | Mar 17, 2018 | Student Loan Debt
A study released by the Brookings Institute on February 16, 2018 painted a harsh reality for student loan borrowers and the long road of repayment ahead of them. College graduation is supposed to be a time of embarking on the new chapter in your life instead of...
by Kevin Fallon McCarthy | Feb 23, 2018 | Credit Card Debt, Credit Card Debt Lawsuits, Credit Card Lawsuit
The Consumer Financial Protection Bureau (“CFPB”) released its biennial report on the credit card market and compared its findings to those of the 2008 economic recession. With debt steadily rising each month, it is no surprise that the credit card market is beginning...
by Kevin Fallon McCarthy | Jan 23, 2018 | Credit Card Debt, Credit Score
There is a belief out there that credit cards are bad. While it is true that having outstanding credit card debt is not a good thing since you’ll have to eliminate your credit card debt, it is also true that credit is extremely important to your financial...
