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Student debt not only a problem for the young

Posted on September 30th, 2014 No Comments

Student debt not only a problem for the young

A report recently released stated that the number of senior citizens in the U.S. plagued by overwhelming student loan debt has increased by three fold, an article by the New York Times stated on September 12. In the report, it was shown that student loan debts carried by elder Americans have now already reached $43 billion from $8 billion […]

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Cleveland Heights votes on regulations for payday loan lenders

Posted on September 23rd, 2014 No Comments

Cleveland Heights votes on regulations for payday loan lenders

The city council in Cleveland Heights on September 2 votes on a resolution to lift a temporary ban on payday loans, and another resolution that would appeal to the state legislature to cap interest rates on these types of loans, Cleveland.com reported. According to reports the city council will request the state’s lawmakers to require […]

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Celebrity chef burdened by overwhelming debt

Posted on September 3rd, 2014 No Comments

Celebrity chef burdened by overwhelming debt

Chef and TV personality Gordon Ramsay is more than $50 million in debt after his ventures lost millions of dollars last year, an article by Reality TV World stated on August 7. According to reports, Ramsay’s Kavalake Holdings and some of his TV shows in which he offered advice to struggling entrepreneurs lost over $10 million in 2013. […]

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Huge numbers of Americans have debts in collections

Posted on August 21st, 2014 No Comments

Huge numbers of Americans have debts in collections

According to a study released on July 29, 35 percent of Americans have a debt in collections, a Detroit Free Press article stated. In the analysis conducted by Urban Institute, it was found that many Americans had trouble paying debts on time. People plagued by debts were concentrated primarily in the southern region of U.S. and the majority of debts were related to mortgages. […]

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