Co-signing a loan can be a dangerous practice. If the other person stops paying, you are on the hook for the payment. But what if you co-sign for your child, and they die?
Nobody ever said that attending college was going to be easy. In fact, with the downward spiral of the recent economy putting the crunch on public services across the board, schools are placing more and more of the burden of paying for higher education on the shoulders of students. Even in cases like California, where […]
I had a question posed to me this week about 401k loans, and whether they were a good idea. The person said they were considering using a 401k loan to pay off some higher interest credit card debt. The rationale behind doing this was that they’d rather pay themselves interest than the credit card company, […]
One of the growing trends in personal finances is to finance microloans for the less fortunate. It is possible to help others while making money at the same time. What are microloans? Microloans, as the name suggests, are loans made in small increments. They are generally made to entrepreneurs in developing countries so that they […]