The good news is that the Congress reached an agreement on student loan interest rates, and because 10-year Treasury bills are low, student loan interest rates are apt to be low for a while too. The bad news is that once the economy improves and interest rates start rising generally, it will cost student debtors …
Many people who were badly hit by the housing bust might have avoided talking to a bankruptcy lawyer because they heard about the so-called “lock-in effect.” The “lock-in effect” hypothesizes that underwater homeowners will refuse to move to new locations where work is available because they don’t want to sell their homes at a loss, …
Don’t Let Stories About the ‘Lock-In Effect’ Keep You in Your Underwater House Read More »
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