Finance Globe

Over half of college graduates are worried about paying back their student loans but are missing key ways to build a strong financial foundation, according to a study sponsored and released by Capital One Bank. According to FinAid.org and Fastweb.com., the average student loan for this year’s graduate is almost $23,000 - quite a hefty debt for someone just starting out in their career. For college seniors and recent graduates, the survey found that of the...

A Canadian-based online operation accused of scamming more than $450 million from consumers has been charged by the Federal Trade Commission, the agency reported on Tuesday. Consumers in the U.S., Canada, Australia, and New Zealand were lured in by “free” offers, only to have recurring charges racked up on their credit or debit card, the FTC complaint states. The offers were for a wide variety of products and services, including acai berry weight-loss pills, teeth whiteners,...

Housing starts fell 10.6% in April from the previous month, the Commerce Department and the Department of Housing and Urban Development (HUD) said in a jointly released statement on Tuesday.The unexpected drop was mainly due to the 28.3% plunge in volatile multi-family housing (homes with five or more units). Single-family home starts fell 5.1%.The seasonally-adjusted annual pace of 523,000 homes in April was also 23.9% below the level from a year ago - back when the...

Live within your means and avoid credit card and other bad debt. Live within your means, don't spend more than you make, don't buy it if you can't afford it - it all means the same thing and goes hand-in-hand with developing your budget. Some debt is good, such as a student loan that will help you get your degree and a better career, thus leading you to make more money than if you didn't get...

College is a financially difficult time for many full-time students. You probably have significant education expenses, are likely to work a limited number of hours at a relatively low-paying job, and may often be tempted to splurge on the fun that's a natural part of college life. Money management can be challenging for people of all income levels, but the less money you make, the more important it becomes to stay in control of your money...

Most U.S. cities have seen a drop in the unemployment rate over the past year, a government agency reported on Thursday. The unemployment rate dropped in 317 of the 372 metropolitan areas surveyed by the Labor Department’s Bureau of Labor Statistics in the twelve-month period beginning in March 2010. It was higher in 44 metros, and remain unchanged in 11 areas. The national average unemployment has dropped 1 percentage point in that same time period -...

If you are overwhelmed with debt and feel that it’s impossible to ever pay it all back with your current income, you may be considering bankruptcy. There are two types of bankruptcy: Chapter 7, also known as straight bankruptcy or liquidation, is the type which clears the filer of all qualified debts. Chapter 7 filers must meet certain income criteria. Chapter 13, also known as a reorganization or payment plan bankruptcy, is a court-ordered structured repayment...

It’s tough if you’re at a point where you’re considering bankruptcy - it can be really disheartening to realize you’ve been swamped by your debts. And you probably already know that bankruptcy has serious long-term consequences to your credit history. But in certain situations, bankruptcy may be the best way to get that fresh start you desperately need. The U.S. Supreme Court said this about the purpose of bankruptcy law back in 1934, “It gives to...

Just a heads up if you haven’t already filed your income tax return - today is the last day to get your taxes paid on time. Your mailed return must be postmarked or your e-filed return (with payment) must be electronically delivered by midnight to be considered on time by the IRS. Failure to pay the entire balance due can result in a late payment penalty. This year’s April 18th due date comes three days later...

Unfortunately, tax season is when many Americans find out that their identifying information was fraudulently used by a crook. An unexpected message from the Internal Revenue Service could be a warning sign that your Social Security number is being misused by an identity thief, warns the Federal Trade Commission. Consumers should always be alert to signs of identity theft, and that includes tax-related identity theft. If you receive a notice from the IRS that more than...