Post Tagged 'Personal finance'

December 01, 2016

What happens when the government ‘forgives’ $108 billion in student debt?

To reduce the number of people defaulting on student loans, President Obama has been promoting income-driven repayment plans. The most widely available income-driven repayment plan for federal student loans—the Income-Based Repayment (IBR) plan—provides payment caps based on a borrower’s family size and income (150 percent of the poverty level). Continue Reading...

March 08, 2016

Alabama Church Pays Off Payday Loans

About twenty years ago I made some terrible choices and found myself in a serious financial bind. The amount I needed wasn’t much — about $200 — but without it I wouldn’t have been able to pay my rent. Continue Reading...

January 07, 2016

Most Americans Aren’t Prepared for a $1,000 Unexpected Expense (But You Can Be)

The good news is that the pinging sound your car’s engine was making for the last month has finally stopped. The bad news is that the sound stopped because the engine stopped working. Continue Reading...

February 25, 2015

How Churches Can Protect the Poor Against Predatory Lending

Near the top of the list of things I despise is companies that take advantage of the plight of the poor and desperate. But just above that on my list is something I hate even more: being poor and desperate. Continue Reading...

June 06, 2014

Thinking Biblically About Bankruptcy

The Bible has a lot to say about the principles behind bankruptcy law, says T. Kyle Bryant. In the Old Testament, God gave Moses various laws concerning the poor, lenders, borrowers, and debt forgiveness. Continue Reading...