If you are a demographic economics nerd – and why else would you be reading an article on average millennial income? – you have probably read headlines like these. “Young adult households are now earning more than ever before.” “Are Millenials on track to become the richest generation?” “Millenials may be the wealthiest generation.” But […]
Do you want to refinance your student loans? If so, you’ll need to get your debt-to-income (DTI) ratio in check. Your DTI is one of the most important factors that lenders look at when you apply to refinance your student loans. But what is a debt-to-income ratio, and why is it so important? Read on […]
According to the American Association of Colleges of Pharmacy (AACP), nearly 85% of students borrow money to pay for their pharmacy degree. Further, the average pharmacist student loan debt is $166,528 by the time they graduate (source). Are you happy about your career as a pharmacist, but overwhelmed by your student loan debt? Do your monthly […]
When you default on a private student loan and can’t repay it, how long can the lender pursue you to collect the balance? What is the statute of limitations on private student loans? We have good and bad news. The bad news is lenders can pursue you indefinitely to collect the money you owe. But […]
Student loan default is becoming increasingly common, particularly among people with smaller student debt amounts. Did you take out a private student loan with the best of intentions, only to find yourself in over your head? You’re not alone. More than one million people every year struggle to keep up with their loan payments and […]
No one wants to pay more than they need to toward their monthly bills. Yet, auto loan debt is higher than ever. The less money you spend on your monthly car payments, the more you’ll have left for everything else. So how can you reduce your losses? One great way to lower your auto loan […]
Refinancing your student loans with a cosigner can help you lower your monthly payments and reduce the overall cost of your loan. But it’s not always a good idea. Read on to find out how to refinance student loans with a cosigner, and how to decide if you should. What is refinancing? How to refinance […]
You’ve come into some extra money. Maybe a relative left you an inheritance, or your employer gave you a holiday bonus. Or maybe you’ve set up your budget to get you some extra savings each month. You want to use this extra cash to improve your financial situation. But what’s the best way to do […]
A car is an essential part of most Americans’ lives. Without one, many can’t get groceries or commute to work. 65% of car buyers choose to get an auto loan. Cars may be important but they are also expensive. Most people can’t afford or don’t want to pay cash for one. That means most prospective […]
As of January 2019, the average APR for a 48-month auto loan was 5.30%. Average auto loan rates January 2019 48-month new car loans 5.30% APR 60-month new car loans 5.37% APR 36-month used car loans 5.54% APR The average APR for 60-month auto loans was a little higher at 5.37% APR. However, dealerships can […]
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