While many consumers are working diligently to reduce debt and get their finances under control, one type of credit many consumers are adding in large quantities these days is student loan debt.

Student loan borrowing has increased for nearly every consumer age group, but none moreso than for those between the ages of 35 and 49, according to a report from Reuters. The credit tracking website Credit Karma recently found that the amount of student loan debt carried by those in this age group has risen 47 percent in the last three years.

“More and more people are going back to school,” Credit Karma CEO Kenneth Lin told the news service. “High unemployment, rising tuition costs, artificially low interest rates from the government, and increased for-profit school advertising… Read more…

Consumers who have been trying to deal with their outstanding credit card debt responsibly may now be more likely to turn to mobile solutions to handle their accounts.

The number of consumers who are using their smartphones to access credit card account information grew significantly between December 2010 and June 2011, according to a report from the digital information tracking company comScore. In all, nearly 18.4 million consumers used a mobile browser to access credit card information, up 23 percent from the previous periods total of more than 14.9 million.

But the greater growth was seen in the number of consumers using smartphone applications to access these details, the report said. The number of credit card app users rose 43 percent to more than 6 million, up from nearly 4.2 million at the end of 2010.

Many experts agree that mobile phones are the future of the credit card industry, as consumers will be able to not only check their account data on these devices, but also use them to make purchases. Read more…

Student loan debt accounts for just over half of the biggest debt problems facing graduating college students in recent years. The trouble begins with students taking out more money than they need or taking out several loans to pay for their schooling and then being overwhelmed when it comes time to repay them. When this happens it may be necessary to consider student loan debt consolidation in order to turn those multiple loan payments into one manageable payment. However, consolidation loans are not helpful in all circumstances so you need to do some research before applying for one.

The first thing to understand is that with this type of consolidation loan there are certain types of debts that cannot be added to the consolidation like credit cards or car loans.

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If you are struggling to make multiple payments to multiple debts and feel as though you would be better making one smaller monthly payment to your debts then you may be thinking about seeking debt consolidation advice.

Getting Debt Consolidation advice is important as there are a number of ways you can go about consolidating debt and certain types of debt consolidation are not suitable for everybody.

Debt Consolidation Loan Advice – One of the main ways to consolidate debt is through a debt consolidation loan. debt consolidation loan advice can provide you with more information about how this type of debt consolidation could reduce your monthly outgoings and simplify your repayments.

During the debt consolidation advice, you will learn that a debt consolidation loan often allows you to spread out your debt repayments over a longer period of time, therefore giving you a lower monthly payment to make. B

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 No one plans to default on their debts.
The majority of debtors today have experienced an unpredictable hardship, from job loss to medical emergencies to natural disaster, leaving them unable to pay their debts but unwilling to accept bankruptcy as their only option.
And oftentimes, its not.
There are ethical, responsible and legal debt relief options without the scar or the shame of bankruptcy.
Weve interviewed two of our own industry experts to explore the ethics behind what we do, and why they believe in settlement as a valid alternative to bankruptcy. Its our goal to be up front, honest and in the light about the whole process, so that you can feel as confident and unashamed as we do.
 Because if we didnt believe it was right, we wouldnt do it. < Read more…