RichC | September 16, 2018
I hate seeing any of my friends borrow money … especially when the borrowing is at high rates as it often is for those struggling with bills and living month to month. It is particularly frustrating when they are still use credit cards with rates in the double digits, are paying the minimum and often […]
RichC | August 26, 2016
Using the equity in a home isn’t anything new, but I’m old enough to remember when "we" first started to tap into home equity with Home Improvement Loans. "Back in the day" IRS deductions for interest on consumer credit (car loans, revolving credit, signature loans) were being phased out for all but home mortgages. Creative […]
RichC | January 20, 2016
Americans are flooding the government with appeals to have their student loans forgiven on the grounds that schools deceived them with false promises of a well-paying career. Source: Thousands Apply to U.S. to Forgive Their Student Loans, Saying Schools Defrauded Them
RichC | September 9, 2015
I’m a Dave Ramsey advocate for the most part and prefer not to borrow money for anything other than a home. Unfortunately that’s challenging for most people as well as yours truly a few items in the past. Brenda and I borrowed when starting and expanding our small business, for the occasional new car (a […]
RichC | December 14, 2014
A discussion between the host and guest on CNBC this week concluded that instead of saving college students money on their student loans that the government was using the repayments in other areas amounting to BILLIONS of dollars – ie. $19 billion for deficit reduction and Obamacare! It seems the take-over by the Federal Direct […]
RichC | June 5, 2014
Be warned before you contact a company like Quicken Loans with a mortgage refinance request (rates are pretty low again) because they will be pumping your contact information to bunches of boiler room sales people who will send canned emails and make phone calls all day and evening (even different people from the same company […]
RichC | December 1, 2012
This past week, I talked to a younger friend of mine about his growing family and making fiscally sound decisions. He politely told me how much he respected my opinion as he asked for some advice … and my head swelled with the less than deserved accolades (but who doesn’t appreciate complements?) His primary question […]
RichC | August 23, 2011
Hopefully this will be the last year we’ll be paying for college expenses. This may make me a bit more in-tune to the high cost of college. Unfortunately for many students planning or going to college, the continual rise in tuition and living expenses has made it impossible without taking on significant debt. Some financial […]