(Wall Street Journal) — Every year, business owner Jim Fab lends his 25 employees as much as $4,000 interest-free for personal expenses they can’t afford up front, ranging from down payments on homes and cars to funeral and legal fees. Most pay him back – eventually. “I had a guy send me $300 a month […]
(CNNMoney.com) — As the economy begins to mend, the cost of borrowing money for a big purchase could start to increase. Mortgages, in particular, have flirted with record lows during the recession. Credit card rates have been bouncing upward and, while auto loan rates are expected to stay low for a little while longer, they […]
Homeowners with permanently reduced monthly payments grew to 168,708.