Q: I have $3,200 in debt on an old American Express, it went to a

Q: I am paying $420 monthly for a federally guaranteed student loan and soon will be applying for a home mortgage. Need to know how my student loan payment affects debt ratio.

A: In my experience I never had a case when the student loans wouldn't count, guaranteed or not. But before I said that they always do, I found this

We know that credit card debt troubles will blow into our faces sooner than later. The trouble is no one wants to hear that. I can simply see the number of people searching for payday loans has increased by about 15% in last 2 months as the number looking for payday loan alternatives.

The reason is simple - consumers are getting very close to the point where all the resources that have and which helped to propel and sustain economy, are dwindling to almost zero. Home equity line of credit allowed for millions of homeowners to pay for toys which otherwise were completely out of reach. It was also served as debt consolidation loan. But used and abused, the lines of credit are about to explode. According to Minyan Peter, the alarming 16.5% 60 day delinquency statistic reported by Moody’s last week on home equity credit nationwide at the e