Why Banks Sell Loans and How It Impacts You

I just got a letter in the mail from my student loan company saying that my loan has been sold to the US government and will now be processed by a federal payment processing center. This is common in the student loan and mortgage loan business. I figure that if it is happening to me, it is happening to other people to. And if a bank does it, it is probably confusing. Here is how it works.

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Swagbucks

I jumped on the bandwagon. I joined Swagbucks. A series of posts by Fabulously Broke inspired my jump into the search rewards program. A week in, I thought I would share my thoughts.

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Minimum Wage Increses

On July 24, 2009 (that’s less than two weeks), the United States minimum wage will increase from $6.55 per hour to $7.25 per hour. That is a difference of $1456 per year for impacted minimum wage employees. That might not sound like a lot to some of us, but it will bring people a roughly 10% raise.

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