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1/3 of Student Loan Borrowers NEVER GET DEGREE!

June 28th, 2013

(MoneyWatch) One out of every five adults 20 years of age or older owe money on student loans, and more than half of them are worried about this debt, according to a new study by the Urban Institute.

The exact figures for American adults: 19.6 percent have student loans and 57 percent are concerned about repayment.

A third of the debtors are not college graduates, and 9 percent of them possess only a high school degree. The high school graduates may have incurred debt by pursuing nondegree training or helping to pay for a child’s education. Some 25 percent attended college but did not graduate.

According to the study, 30 percent of college grads must pay back student loans, and 28 percent of those who earned advanced degrees had to borrow.

Amazingly, the percentage of Americans stressed about college debt is nearly identical across age groups except for individuals age 60 or older. The percentage of Americans with college debt is 57 percent, but that drops to 41 percent for those who are at least 60. Only 4 percent of these older Americans have college debt.

Hispanics and African Americans are about twice as likely to carry student-loan debt: 34 percent of blacks and 28 percent of Hispanics have it, compared with 16 percent of whites and 19 percent Asians.

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October 26th, 2012

Somehow, people are so ignorant that the credit score is actually an “I Love Debt” score that they are confounded over at the Daily Mail, when discussing Tom Pavelka.  Mr. Palveka is officially the biggest Kool Aide drinker of what the banks have been peddling, also known as THE BEST CREDIT SCORE IN THE COUNTRY!

Banks may have tightened their lending criteria in recent years but they’d be bending over backwards to loan money to Tom Pavelka.

The Cleveland government worker has the highest credit rating in the entire United States, despite owning eight credit cards and having an outstanding mortgage on his 3,000-square-foot home.

Pavelka, 56, has a credit score of 848 out of 850 and a letter he received from the credit bureau recently announced his rating ‘ranks higher than 100 per cent of U.S. consumers.’

Read more: http://www.dailymail.co.uk/news/article-2223212/Tom-Pavelka-Meet-man-highest-credit-score-America-despite-owning-EIGHT-credit-cards-having-outstanding-mortgage.html#ixzz2AMMC3DEO
Follow us: @MailOnline on TwitterDailyMail on Facebook

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Turn old credit cards into new guitar picks

April 17th, 2012

  • Guitar picks are small, and we have to admit, sometimes we lose ‘em. And sometimes, you just discover you need one at the strangest times (impromptu flashmob jam sessions, raucous children’s parties, boring company meetings, etc.). Well, the good news is: if you have a DIY Guitar Pick Punch and some imagination, you’ll never be without a guitar pick again.

    Just insert the material you want a pick out of into the DIY Guitar Pick Punch, and . . . well . . . squeeze. Instant guitar pick! Make them out of expired credit cards, those grocery store club cards, plastic packaging material, and more! Hey, want to get super DIY-y? Then punch a few thin picks and glue them together into the ultimate pick of density. Keep a DIY Guitar Pick Punch in your gigbag, and you’ll never be without a pick again. Now, if only someone can invent a guitar punch for punching out fully functional guitars!

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    Save 35% on Gas TODAY by making a few changes in behavior! (Hypermiling)

    July 21st, 2011

     Some folks have this “hypermiling” down to an art form.  If you don’t know what “hypermiling” is, here’s a little primer.

    NEW YORK (CNNMoney.com) – You can get 35 percent better fuel mileage out of your current vehicle by using a device most drivers already have.

    That would be your right foot.

    Most drivers agonizing over the cost of gasoline fail to realize the enormous impact their driving style has on fuel consumption.

    During the last run-up in fuel prices, we wrote about Edmunds.com’s tests of common fuel-saving driving tips. Some common tips, it turned out, had little or no effect on fuel economy. (Edmunds.com provides data and content for CNN.com’s automotive Websites.)

    For example, using the air conditioner at highway speeds had no appreciable effect on fuel economy compared to rolling down the windows.

    Keeping your tires properly inflated, while important for safety, has only a small effect on fuel mileage, according to Edmunds.com’s tests.

    Using cruise control on the highway, though, really does have a noticeable effect on fuel economy. In Edmunds.com’s test using a Land Rover LR3 and a Ford Mustang, the Land Rover got almost 14 percent better mileage using cruise control set at 70 miles per hour rather than cruising at driver-controlled speeds between 65 and 75 miles per hour. The Mustang got 4.5 percent better mileage.

    Using cruise control cuts down on unnecessary speed changes which can eat up gas and it prevents “speed creep.” the tendency for a driver’s average speed to gradually increase with time spent on the road. (In that way, it can save you from an expensive speeding ticket, as well.)

    If you want a big gain in fuel mileage, though, you need to seriously lay off the pedals when driving around town. Accelerating more slowly away from green lights and stopping more gradually for red lights cut fuel consumption in Edmunds.com’s tests by 35.4 percent for the Land Rover and 27.1 percent for the Mustang.

    Slamming down the gas pedal pushes more fuel into the engine while it also keeps the engine running faster.

    You can also save a lot of gas by just lifting your foot off the accelerator as soon as possible when approaching a yellow or red light or a stop sign.

    For one thing, letting up on the gas sooner gives your car more coasting time.

    More … http://money.cnn.com/2006/05/01/Autos/driving_for_mpg/index.htm

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    How do I freeze/thaw my credit?

    June 27th, 2011

    Below you’ll find instructions and links on initiating a credit freeze or thaw from each credit bureau:EQUIFAX CREDIT FREEZE[Website]

    • Credit freezes may be done online or by certified mail – return receipt requested.
    • Check your state’s listing for the exact cost of your credit freeze and to see if there is a reduction in cost if you are a senior citizen.
    • Request your credit freeze by certified mail using this sample letter. Please note the attachments you must include.
    • If your PIN is late arriving, call 1-888-298-0045. They will ask you for some ID and arrange for your PIN to be sent to you in 4-7 days.
    • Unfreeze: Do a temporary thaw of your Equifax credit freeze.

    EXPERIAN CREDIT FREEZE[Website]

    • Credit freezes may be done online or by certified mail – return receipt requested.
    • Check your state’s listing for the exact cost of your credit freeze and to see if there is a reduction in cost if you are a senior citizen.
    • Request your credit freeze by certified mail using this sample letter. Please note the attachments you must include.
    • You can also freeze a child’s credit report. The information contained at this link is applicable for all three credit bureaus. You must first write a letter to each bureau to learn if your minor child has a credit report and if so, then you can proceed to freeze it.
    • Unfreeze: Do a temporary thaw of your Experian credit freeze.

    TRANSUNION CREDIT FREEZE[Website]

    • Credit freezes may be done online, by phone or by certified mail – return receipt requested. (Some users have reported difficulty with the online method. Please try one of the other options if you too experience difficulty.)
    • Check your state’s listing for the exact cost of your credit freeze and to see if there is a reduction in cost if you are a senior citizen.
    • Request your credit freeze by certified mail using this sample letter. Please note the attachments you must include.
    • Unfreeze: Do a temporary thaw of your TransUnion credit freeze.
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    SWAT Team breaks down man’s door over STUDENT LOANS!

    June 8th, 2011

    STOCKTON, CA – Kenneth Wright does not have a criminal record and he had no reason to believe a S.W.A.T team would be breaking down his door at 6 a.m. on Tuesday.

    “I look out of my window and I see 15 police officers,” Wright said.

    Wright came downstairs in his boxer shorts as a S.W.A.T team barged through his front door. Wright said an officer grabbed him by the neck and led him outside on his front lawn.

    “He had his knee on my back and I had no idea why they were there,” Wright said.

    According to Wright, officers also woke his three young children ages 3, 7, and 11 and put them in a Stockton police patrol car with him. Officers then searched his house.

    As it turned out, the person law enforcement was looking for was not there – Wright’s estranged wife.

    “They put me in handcuffs in that hot patrol car for six hours, traumatizing my kids,” Wright said.

    Wright said he later went to the mayor and Stockton Police Department, but the City of Stockton had nothing to do with Wright’s search warrant.

    The U.S. Department of Education issued the search and called in the S.W.A.T for his wife’s defaulted student loans.

    More at http://www.news10.net/news/article/141072/2/Dept-of-Education-breaks-down-Stockton-mans-door

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    Bank of America in Wikileaks crosshairs?

    November 30th, 2010

     Bank of America Wikileaks

    It certainly appears that everyone’s favorite big bank without a soul, Bank of America, is on tap to get the Wikileaks treatment.

    In a story published yesterday on Forbes.com, WikiLeaks founder Julian Assange is quoted as saying that the whistleblower Web site is sitting on tens of thousands,  possibly even hundreds of thousands, of sensitive internal documents from “a large U.S. bank”.

    Assange said that the documents will offer a “true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms.”

    The documents are not related toa specific incident, but highlight a systematic pattern of what he calls “Enron-like violations and unethical practices”.  As any Dave fan knows, Bank of America is scum of the earth, so this should be very entertaining.

    “When Enron collapsed, through court processes, thousands and thousands of e-mails came out that were internal, and it provided a window into how the whole company was managed. It was all the little decisions that supported the flagrant violations.  This will be like that.”

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    Things we don’t need …

    September 22nd, 2010

    “We buy things we don’t need with money we don’t have to impress people we don’t like.”
    Dave Ramsey

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    Dave Ramsey / Guide to Getting the Most out of Your Social Security Retirement

    July 30th, 2010

    Dave Ramsey Guide to Social Security

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    Dave Ramsey endorses Zach Wamp. Why? Sellout?

    June 9th, 2010

    Dave can do whatever he wants for sure, but I wish he would stay out of politics.  For one thing, he pisses off lots of listeners/viewers for no good reason, for another Zach Wamp?  Seriously.  Sad.This poster at Ron Paul Forums sums it up nicely ….

    Why did Dave Ramsey endorse Zach Wamp for TN Governor?

    - Zach Wamp voted for the bailouts. 

    - Zach Wamp lied about his tenure in Congress (promised to serve less terms than he has) 

    - Zach Wamp wants to unionize all police, fire, and EMT’s in the country 

    - Zach Wamp is the king of pork in TN 

    - Zach Wamp touts himself as a conservative but his voting record shows this to by hypocritical 

    - Dave Ramsey doesn’t like liars 

    - Dave Ramsey doesn’t like bailouts 

    - Dave Ramsey is (was?) a fiscal conservative 

    - Dave Ramsey has railed against the bailouts and socialism (which Zach Wamp voted for) 

    - Even talk show host Phil Valentine thinks Zach Wamp is unfit to be Governor 

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