Tammy Trevino wasn’t sure whether to borrow a federal student loan or a private student loan for her daughter’s education. Then she learned federal loans come with an origination fee that private loans typically don’t. “I was surprised,” says Trevino, 52, from Victoria, Texas. “My assumption was [federal loans] would be the best, easiest option … Continued
In this series, NerdWallet interviews people who have triumphed over debt. Responses have been edited for length and clarity. Steven Donovan and his dog, Angel. Steven Donovan, Even Steven Money Who: Steven Donovan How much: $118,000 in 5 years Steven Donovan didn’t get an education in personal finance growing up. The topic wasn’t covered at his high … Continued
Getting rejected for a personal loan can feel like a punch to the gut. It’s easy to get discouraged, especially if it delays plans to consolidate debt or renovate your home. Instead of taking the rejection personally, use it as motivation to build your credit and supplement your income so you win approval the next … Continued