Knee deep in debt? (Daily Press)



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Student loans are available to students (and parents) in need ofhelp with living costs while studying and working on a degreeprogram. For many students, student loans are their largestsource of cash and income (in some cases, their only source).What often happens, is students acquire multiple student loans,then begin to have cash flow problems, which leads to charges onone or more credit cards. These credit cards are typicallyissued with very high interest rates, often 20% or higher. Thisis a severely problematic financial trap, and a very tough wayto get started in life for a young person who is still in schoolor just about to graduate.

Knee deep in debt? (Daily Press)

The Federal Trade Commission offers advice on how to get out. Having trouble paying your bills? Getting notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car?

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Watch List (June 17-23): Caught Up in Fraud (CoStar Group)

In this week's issue of The Watch List we update you on the latest development in the bankruptcy case involving the 1031 Tax Group and identify in the Watch List several properties that have ties to the owner of the troubled exchange intermediaries. There...

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A student should seriously evaluate consolidating loans if theconsolidated loan would result in a lower interest rate that thecurrent student loans, especially if the student is strugglingto make multiple student loan repayments.

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