BusinessWeek and MSN have published an interesting article which describes those of us in our 20s and 30s (ie. me) as the most indebted generation. College seems to be the tipping point. Young adults begin to see the world from an individual point of view rather than as a son or daughter. ... Continue reading this article…

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Wachovia’s purchasing Westcorp and WFS in order to grow its auto loan business.

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I’ll update this list of articles throughout the day with added commentary as I find time. Easy loans mean a hard landing later. There’s some talk in the article about the real estate bubble, but more importantly, the way banks are giving loans out to people is likely to create some problems when rates eventually ... Continue reading this article…

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I spent the last 45 minutes or so consolidating my student loans. I’m a graduate student, working on my Master of Business Administration degree from the University of Phoenix Online. Even though I have these loans, they get paid off as soon as I receive my reimbursement check from my company. However, ... Continue reading this article…

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Do you live in a red state? I’m not talking politically. Experian has compiled data from credit reports to determine which U.S. states represent the highest average debt (not including mortgages) per person. There’s a nifty color-coded chart, as well. The red states have the highest average debt. The New ... Continue reading this article…

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Most people are predicting that interest rates on student loans will go up on July 1. It might make sense for people with these loans to consolidate before the rate increase. I still have a small portion left over from my undergraduate degree but I’ve also begun accumulating a balance from my graduate ... Continue reading this article…

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Many people frown on lending money to family. Doing so runs the risk of hurting otherwise good relationships. In this MSN Money article, Liz Pulliam Weston talks about how to lend or borrow money from family while avoiding the pitfalls. When lending money to family, heed this advice:

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