Last month, the Federal Reserve announced an interest rate hike for the first time in a decade. And December’s decision may be the first of many such hikes. San Francisco Federal Reserve President John Williams anticipates as many as five rate hikes this year – which would put the target federal funds rate at 1.4 […]

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Subprime lending is defined as “making loans to people who may have difficulty maintaining the repayment schedule.” Although not a hard and fast rule, those with FICO scores of 640 and less are typically the targets of subprime loans. This type of lending is also hallmarked by borrowers that can’t borrow elsewhere – much as […]

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One of the toughest things about student loans is the inflexibility. Granted newer programs like Income Based Repayment (IBR) and Pay As You Earn (PAYE) have opened up more reasonable income sensitive payments for those that qualify, overall there’s not a lot of wiggle room. Other similarly significant financing arrangements like mortgages have the ability […]

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