If your wanting to sign or co-sign for a financial loan, be sure you know the hazards

Based on the customer Financial Protection Bureau (CFPB), the range education loan borrowers age 60 and older climbed at the least 20% between 2012 and 2017. Also, a lot more than 75% of states saw at the least a 50% uptick in outstanding education loan financial obligation. Taken together, those two numbers suggest a annoying trend that could mean financial difficulty for an incredible number of older Americans within the years ahead.

Key Takeaways

• The amount of US education loan borrowers over age 60 is in the installment loan consolidation maine increase.
• Many older people who have pupil financial obligation took out or co-signed loans for people apart from on their own, typically a kid or grandchild. Continue reading →