SoFi Review: Loans for Responsible Borrowers

In 2011, four students at the Stanford Graduate School of Business had a novel idea for how to help their fellow Stanford students afford their student loans: What if established Stanford alumni could invest in current students and recent grads by refinancing their student loans? The investors would receive a nice return and feel good […]

The Best Student Loan Refinancing Options

Student loan debt is a tricky beast. Not only do student loans now account for $1.2 trillion, student debt is currently the second biggest source of personal debt after mortgages. The big difference between a mortgage and a student loan, however, is the fact that refinancing a mortgage is a (relatively) simple and well-known process, […]

What to Expect When Borrowing from Lending Club

Peer-to-peer lending is arguably one of the greatest financial innovations of the past few years, especially for borrowers. The peer-to-peer model allows borrowers to access loans at better rates than they could get through traditional banks because they are borrowing from individual investors, rather than monolithic banks. The lenders/investors are also able to get a […]

Strategically Pay Down Your High-Interest Credit Card Debt with Payoff.com

***Update*** Payoff recently announced they will now provide monthly access to FICO® Scores for free beginning January 2016 to its members who have refinanced their credit card balances with a Payoff Loan. Payoff Members will have access to their FICO Score, as well as trending information and educational resources describing factors contributing to their score. […]

5 Traps that Will Rob You of Your Financial Peace

Financial traps lurk around every corner. We fall into these traps when we become a little too smart in how we manage our money. Perhaps we think we can get a great deal with 0% financing. We have a spending plan, but don’t really follow it each month (spending is under control). Or we buy in […]

Debt Doesn’t Have to Be Forever – 6 Characteristics of Those Serious About Paying Off Debt

Today’s post is dedicated to the Debt is Not Forever Blogger Crusade which is all about spreading the word that people CAN get out of debt! The crusade was started by Jackie at TheDebtMyth.com.  The goal is to have 100 bloggers post in the month of January to support and get the word out about […]

12 Personal Finance Podcasts to Consider for Your Commute

I know a lot of people have rough commutes. After living in two major metropolitan areas and having to patiently ride out the commute to and from the office each day – I get it. 30 minutes here, 45 minutes there, and before you know it, you’re on the road for over an hour everyday. […]

How to Overcome Your Money Mindset Issues If You Grew Up Poor

Everyone loves a great rags-to-riches story—but there is also a feeling among many of us that those stories are nothing but myths. You might think: Yes, it may be possible for anyone to become rich, powerful, and famous in America, but it’s certainly not going to happen to me or anyone I know. As it […]

How to Get to Zero Credit Card Debt with ReadyForZero.com

Creating a plan to get rid of your credit card debt is fairly simple. First, list out all of your debts and rank them according to one of three methods: highest interest rate (debt avalanche method), lowest total balance (debt snowball method), or most emotional. Then, start aggressively paying off debt #1, while making minimum […]

There Is No Spoon: Opting Out of the Consumerism Matrix

It’s hard for me to believe, but it’s been 15 years since the film The Matrix blew everyone’s mind. In the decade and a half since the film was released, the special effects and stunts that gave the movie such an overwhelming visual appeal have become standard and even clichéd. But the idea behind the […]

3 Questions You Must Ask Yourself Before Dealing with Small Business Debt

Opening (and maintaining) a small business is a pricey endeavor. Most entrepreneurs have to take on some debt in order to get their business started or keep it afloat. After all, overhead, equipment, and payroll all cost money, and borrowing might sometimes be the best option to pay for it all. Unfortunately, debt can also […]

How to Lighten Your Debt Load Immediately—Without Making a Single Payment

This article is from Kate Northrup, author of the new book, Money: A Love Story. Money is a deeply emotional topic. Not that many financial or investment advisors talk about it. Bankers don’t keep Kleenex on their desks like therapists do. But in my opinion, they should. The idea that we should separate emotion from our […]