For-profit debt settlement against a nonprofit debt management plan, assessed
Two paid routes sold with one vocabulary. Assessed against the fee rules in 16 CFR 310.4(a)(5) and the arithmetic of what the rule calls the amount saved.
Tag archive
Assessments
Auto-refinance marketplaces: Caribou against RateGenius, assessed
Two companies that both lead with a monthly saving. Assessed on what each one actually discloses — figures, fees, licences — with the arithmetic the headline leaves out.
The Tiered Standard plan against the ten-year Standard, assessed
The plan a borrower now gets by not choosing stretches the term as the balance rises. Assessed on the regulation, with the cost of the extra years worked out and the tier edges shown.
The Repayment Assistance Plan against IBR, assessed
A new federal plan promises a balance that never grows. Assessed on the published regulation: how each plan sets a payment, what happens to unpaid interest, and what thirty years of payments costs against twenty.
Hardship and forbearance programmes, assessed
Every major lender has one. Assessed on what they actually offer, what they cost in interest and credit-file terms, and why they are so hard to find before you need them.
Debt consolidation, assessed with the arithmetic shown
The product's benefit is real and its cost is arithmetic. Here is a worked illustration, with every assumption stated, showing exactly where a lower monthly payment gets expensive.
