The job market looks good for new college graduates. Last year's college graduates entered the strongest job market in over a decade and good news for 2019 graduates -- employers plan to hire 16.6 percent more new graduates than they did last year. And if you chose a hot field of study, you may have several offers to choose from after graduation. That’s great, because before you know it, you'll be repaying the loans that helped you get your degree.
Unfortunately, when you get sick or injured, getting better is often not the only concern. Even if you have health insurance, hefty medical bills can hang over your head like an ominous rain cloud. Many people feel that they have no choice but to ignore the bills or eventually file for bankruptcy. However, these are not the only options. There are many ways you can make paying your medical bills more manageable.
Job loss ranks as one of the top stressful events we encounter during our lives, right up there with a death in the family, a serious illness, and divorce. It not only can crush you emotionally and wreak havoc with your self-esteem, it can devastate you financially, especially when you're unprepared...and let's face it, most of us are caught short when we're handed a pink slip. The financial impact of job loss is probably the toughest challenge to face during this time, so it's critical to develop a plan that reduces as much financial stress as possible. Here are nine steps to take when you're facing unexpected unemployment:
Holiday shoppers have been careful each holiday season to make their lists and check them twice. Budgets have become more discerning, and savers have become better planners for their holiday spending, prioritizing savings along the way.
When 21-year-old Ryan learned a friend needed some cash to help his mother out, Ryan did what a good friend would do…he lent his friend the money. The problem arose when Ryan’s father, John, found out how his son had gotten the money.
I was with a friend recently who was telling me about a family member whose finances were circling the drain.
“She’s got no savings, her credit cards are maxxed, she’s getting calls from creditors all day long …she’s bankrupt.”
“I’m sorry to hear that,” I said with some sympathy. “At least now that she’s filed, the calls should stop.”
If overwhelming debt is causing you stress, you are not alone. Millions of Americans are suffering from anxiety and depression because they have difficulty paying their financial obligations.
Like many newlyweds, Tarah and Ryan of Littleton, MA, dreamed about becoming homeowners someday. Their first step? Getting a handle on their credit scores. A preliminary check in 2014 surprised Tarah; her score was lower than her husband’s.
Last week in a lending training session here at Hanscom FCU, we reviewed the five elements that make up a FICO score, a number between 350 and 850 that indicates to a lender how creditworthy a consumer is and how likely they are to pay off their debts. The higher the number, the more attractive the consumer is from a lending standpoint. I also learned that each element comprising the FICO score is weighted:
It is a question that few want to hear: “Will you co-sign for me?” Typically coming from relatives or friends with no or low credit scores, it can be a difficult request to respond to. Most people do not want to ignore a family member or friend in need, but co-signing comes with risks that make many justifiably nervous to sign on the dotted line. So, should you do it? There are many factors