What a good week for borrowers: First, President Obama announced new rules to help homeowners with underwater mortgages. And now, new changes that can help roughly 5.8 million people who have federal student loans.
Major financial institutions got a bailout. You might be wondering: Where's mine?
If you're deep in debt and need some expert advice, be wary of any company that promises to get rid of your debt. They're debt settlement companies, and they can actually make your situation worse.
If you owe a significant amount of money in credit card debt or medical bills, it may seem appealing to file for bankruptcy.
If you're thinking about getting private student loans to pay for your education, please be careful. It's essentially like paying for college with a credit card. (And you know by now not to do that, right?)
