July 1, 2014 marks the date for important new changes to the federal student loan program. One of the most important chages relates to  improvements in the  student loan rehabilitation program.  These new rules affect both FFEL and Direct Loans. Here is a summary of the new rules affecting the student loan rehabilitation program: 1. A…

By Philip Tirone of 720creditscore.com. Many so-called experts say that you should adopt a cash-only policy and ignore credit cards. But here’s the truth… They are dead wrong. Avoiding credit won’t make life easier. In fact, it will make life a heck of a lot harder. It also won’t make your credit score improve. In fact,…

By Philip Tirone of 720creditscore.com. Every other week, I hold a question-and-answer session for the students in my credit-education program. Usually, I help people with their specific credit situations, give advice, and answer questions about the program. The other week, though, I was fortunate to have Anthony join the call. When Anthony started my program…

By Philip Tirone of 720creditscore.com. Most people believe that taxes cannot be discharged through a bankruptcy. And while this is true in most cases, there are some exceptions … Did you file your taxes more than two years ago? And was the due date at least three years ago? As long as you aren’t evading…

This is a very insightful post written by Philip Tirone of 720creditscore.com. If you are getting married, you might be a little worried about how the marriage will affect your credit score, especially if your spouse’s score is lousy. But right off the bat, let me dispel this rumor: Your credit score and your spouse’s…

The Wall Street Journal reported that Homeownership among young Americans under the age of 35 hit its lowest level ever – while student loan debt hit a new high.  College students who took out loans will graduate this year with an average of $33,000 in student debt, up 32 percent from 2007 – after an inflation-adjusted. Debt among…

(Reuters) – Michigan Governor Rick Snyder on Friday signed into law bills that complete funding for a key component of Detroit’s plan to adjust $18 billion of debt and exit the biggest municipal bankruptcy in U.S. history. The legislation allocates nearly $195 million in state funds for the so-called grand bargain, which includes $366 million pledged over…