A recent study by the analysts at WalletHub shows Birmingham is within the top two percent of the most debt-stricken cities in the country. The consumer finance website conducted their study by weighing median incomes against average loan amounts in 2,513 cities in the U.S. The report found that there were 10 cities in Alabama...

Student loan borrowers who are facing trouble repaying their balance may consider the following tips in order to best manage their debts: • Be sure to closely review the terms of your loan as there will likely be a range of repayment options available. • Individuals may want to consider merging their various loans in...

In legislation recently proposed by a senator, students who took out private loans may have them discharged in bankruptcy cases, an article by the Huffington Post stated on June 25. In the Higher Education Affordability Act introduced by Senator Tom Harkin (D-Iowa), the option was proposed for struggling borrowers of private student loans to have their debts discharged...

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