Borrowing

The Stubborn Consumers Who Just Aren’t Buying Cars

At first glance, June 2012 appears to be shaping up as a fairly big month for auto sales. Industry experts estimate that 1.2 million new cars will be sold by the end of June, a rise of 18% compared to last June, and the most cars …

Saving for College: Most Parents Flunk the 529 Test

With student debt at $1 trillion and counting, and tuition rising 8% a year, it seems impossible that anyone would not know about the smartest college savings tool out there: the 529 plan. Alas, stunning numbers of Americans are in the dark.

U.S. Households Still Digging Out of Recession-Related Debt

After the recession, many Americans began cutting back and slowly chipping away at their household debt. Unfortunately, this noble effort seems to have tapered off, according to a new University of Michigan study. In fact, according to the study, one in every five households now owes more in credit cards, medical bills, student loans and …

Alumni Credit Card? First, Lose the Greedy Pitch

Colleges are slamming graduating students with credit card offers that sound sincere but amount to a hard sell. Yes, the right card will help build a good credit score. But watch out for the accompanying advice on how to go about it.

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