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NOBAR: Could It End the Credit Gap and Get Banks Lending Again?

Adam Levin | Posted 06.22.2012 | Money
Adam Levin

I propose the creation of a new banking industry initiative called NOBAR (Nonstandard Borrowers Alternative Resource). Its mission is to help responsible individuals with bad credit scores -- where reasonable and appropriate -- secure a new mortgage or refi.

Microfinance in the Slums of Mumbai

Jessica Gage | Posted 08.21.2012 | Impact
Jessica Gage

The slum communities are densely packed, with winding paths that have no street names, let alone house numbers, and so although Nilesh has spent time in these neighborhoods, he must often rely on the local residents to be pointed in the direction of the next client.

Why You Need to BORROW Money to Improve Your Credit Score

Jeanne Kelly | Posted 06.18.2012 | Money
Jeanne Kelly

So how do you have debt and manage it responsibly to build up a history of good borrowing? Here are two things to know.

Lenddo's Social Credit Score: How Who You Know Might Affect Your Next Loan

Bethy Hardeman | Posted 08.14.2012 | Money
Bethy Hardeman

Could the future bring banks developing their own type of "social reputation credit score"? Perhaps, but only if it's proven to be a profitable method. That's where Lenddo could serve as a market test, free of charge to the banks.

'No More Mr. Nice Guy' - Why You Should Think Twice Before Co-Signing a Loan

Jeanne Kelly | Posted 06.07.2012 | Money
Jeanne Kelly

Co-signing can be a great way to help a responsible family member or friend who has fallen on hard times and needs a hand to get back on their feet. But co-signing comes with consequences that you should be aware of before you sign any papers!

6 Steps to Stabilize High-Foreclosure Neighborhoods

Miriam Axel-Lute | Posted 08.01.2012 | Money
Miriam Axel-Lute

These steps are just a start, but the lessons from the financial crisis are clear as day. Will we learn from them, and let government do what we created it to do, or will we tumble back into the mess that got us here in the first place?

There is No 'A' for Effort on Student Loan Interest Rates

Rich Williams | Posted 07.29.2012 | College
Rich Williams

This debate is not about partisan gamesmanship in Washington but about a potential post-graduation debt increase of $1,000 for every year a subsidized Stafford loan borrower is in school.

Testing the Fed's Predictions

Richard Barrington | Posted 07.22.2012 | Money
Richard Barrington

How good is the Federal Reserve at its job? That can be a difficult question to answer. Monetary policy is subjective, and it can take years before th...

Student Debt Forgiven For Surprising Reason

Posted 05.24.2012 | Money

Even if you go bankrupt, it's nearly impossible to shake off your student loans. But a lawyer for a former law student trying to "discharge," or ob...

How I'm Repaying $120,000 in Student Loans | Posted 07.16.2012 | College

Six months after graduation, my grace period will end, and I will have to start repaying more than $1,000 per month. Here is my strategy for repayment.

The True Cost Of College

The Huffington Post | Bonnie Kavoussi | Posted 04.11.2012 | Money

Did you know that the money you're spending on student loans could have bought 240 iPods? Now, we're not quite sure what one would do with 240 iPod...

Deadbeat Nation: Why the Public Should Cut Off Wall Street's Credit

Richard (RJ) Eskow | Posted 05.26.2012 | Politics
Richard (RJ) Eskow

The real debt in this nation is the one that bankers owe the rest of the country. And as long as our politicians are allowed to rescue banks while ignoring consumers, it's a debt that will continue to go unpaid. And it will continue to grow.

David vs. Goliath

Mark Udall | Posted 05.22.2012 | Denver
Mark Udall

Colorado small businesses are starving for credit, yet an unnecessary federal regulation is standing in the way, limiting the options available for small-business loans. My bipartisan bill would increase access to capital for small businesses.

Students Do Not Understand Their Loans At All

The Huffington Post | Caitlin Brown | Posted 03.22.2012 | College

Cost-conscious collegiates, take heed! Before signing your financial future to the likes of Wells Fargo or Citigroup, take a look at the fine print on...

There's No Need To Panic...

Reuters | Posted 05.14.2012 | Money

By Lauren Young NEW YORK, March 14 (Reuters) - Bank customers shouldn't stress out over the latest U.S. bank stress test results. ...

Six Signs You May Have Too Much Debt

Jennifer Streaks | Posted 05.05.2012 | Money
Jennifer Streaks

We all carry some form of debt. Whether it be a mortgage, car note or student loans. Where you may run into trouble is when your debt starts to overwhelm and this can happen long before the bill collectors start calling.

Small Business Borrowing Jumps

Reuters | Posted 03.01.2012 | Small Business

(By Ann Saphir - Reuters) - Borrowing by U.S. small businesses rose in January, another sign that recent stronger economic data may be more durable th...

Catherine New

Stopping Lawless Debt Collectors From Harassing You | Catherine New | Posted 03.01.2012 | Money

Cebilla DeCastro still disconnects her phone at night, afraid of the calls from creditors. The 48-year-old prep cook filed for bankruptcy in June 2...

10 States With Biggest Foreclosure Problems

The Huffington Post | Harry Bradford | Posted 03.01.2012 | Business

The national foreclosure crisis might be headed in the right direction, but it's still got a ways to go. The percentage of loans in foreclosure fe...

Top Signs Your Business Should Borrow

Brian Hamilton | Posted 04.29.2012 | Small Business
Brian Hamilton

There are times when it is good to borrow money, but those times are limited. So how do you know when you truly need to borrow for your business? The answer is not always obvious.

Medicaid: Help in Hard Times

Marian Wright Edelman | Posted 04.25.2012 | Politics
Marian Wright Edelman

Medicaid is vital -- it provides hundreds of millions of children who are poor or have disabilities with comprehensive health coverage enabling them to become productive, taxpaying members of society.

Business Owners Can Learn To Love Actuaries -- While Still Hating Credit Scores

Robert A. Berman | Posted 04.25.2012 | Small Business
Robert A. Berman

It's not really fair to blame actuaries for creating the biggest financial crisis in living American memory. I am, of course, talking about how tens of thousands of small business owners with long and successful track records are going out of business because they cannot get a simple business loan from their neighborhood banker.

An Open Letter to America

Trisha Ocona Francis | Posted 04.03.2012 | Business
Trisha Ocona Francis

Why did the banks get billions of dollars in a bailout when many failed, but as a working, tax-paying citizen, my cries were left on deaf ears? How do I get out and become free again? I know everything is a risk including homeownership, and it comes with a lot of sacrifice.

BofA Arm Loses Big In Customer Lawsuit

Reuters | Posted 04.02.2012 | Business

(Adds details) By Suzanne Barlyn Feb 1 - Bank of America Corp's Merrill Lynch unit must pay nearly $1.4 million in dama...

Catherine New

Unemployment Will Stay Above 8 Percent For 2012, Fed Says | Catherine New | Posted 01.25.2012 | Business

Memo to those who are out of work: Don't get your hopes up this year. Federal Reserve Chairman Ben Bernanke said on Wednesday that the central bank di...