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…
Can Past Income Taxes Can Be Discharged Through Bankruptcy?
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…
Marry Your Spouse, Not Their Credit Score
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…
Student Loan Debt Has a Negative Impact on Home Ownership
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…
Governor Snyder Signs Historic Bills to Provide for the Success of the Detroit Bankruptcy Plan
(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…
Great Plains Lending: Jesse James Used a Gun!!! Caveat Emptor – Buyer Beware
Ever heard of Great Plains Lending? If you do receive anything from them, throw it in your circular file or use it as a fire starter. Here is there offer: “First time Great Plains Lending customers typically qualify for an installment loan of $100 to $1,000 with an APR of 349.05% to 448.76% which is less…
Sen. Elizabeth Warren: Grace in Defeat by the Thugs in Congress – Never Give Up!
Dear Mike, We lost the vote. This morning, the Senate held its first vote on the Bank on Students Act to let people refinance their student loans. We got a majority — 58 senators were ready to go our way — but the Republicans filibustered the bill and we didn’t even get to debate it. I…