Can a Grandparent Cosign on a Private Student Loan?

Cosigning on a private student loan can be a big help to students trying to take out private student loans for college. How does a cosigner help? A cosigner’s credit history is factored into the approval decision, and a cosigner can strengthen a private loan application when a student lacks a long or solid enough financial track record. Technically, anyone who’s an adult can cosign a private student loan application. Most students get their parents

Are You Owed Any Unclaimed Property?

The Pennsylvania Treasury Department is currently holding more than $2.3 billion in unclaimed property, with about one in 10 residents eligible to recoup that property. Unclaimed property is any financial asset that has been left inactive by the owner for a period of seven years or more. If no lawful owner claims the property at that time, it is transferred to the Treasury. The most common kinds of unclaimed property include savings and checking accounts,

Financial Elder Abuse: Can You Do the Math?

I received a letter with an AARP logo informing that I may have sewer line issues and that I should contact a particular company to investigate or I might be personally liable for damage to my sewer line and to the homes of my neighbors. The reality is that I have a well and septic and no sewer system. Letter tossed. You might be amazed to know that many older adults fall for these scam

Plan for the Best, But Prepare For the Worst

Your father’s bank calls and tells you they are  concerned that “friends” are bringing him to the bank on a regular basis and helping him cash checks and make ATM withdrawals. How can you stop others from taking advantage of your father? A nurse calls to tell you your wife has been admitted to the emergency room and doctors need to talk with her health care surrogate. You ask, “What is a health care surrogate?”

Broken Trust: Responding to Elder Financial Abuse

It’s been three years since Dottie’s husband passed away.  She took good care of him right up to the end.  That’s what people do when they’ve been married as long as Dottie and her husband.  She’s on her own now and lonely.  Bill always paid the bills and oversaw their retirement investments.  Now, it’s up to her to keep track of everything. Dottie is at risk of being exploited and she probably already knows the

Identity Theft Plagues Unsuspecting Seniors

In our fast-paced technology-driven world, an abundant amount of information about each and every one of us is readily accessible.   Information like addresses, professional licenses, criminal history, property holdings and bankruptcy filing is legally gathered by interested parties and organizations and then shared with others. This open access to personal information does not mean that as savvy consumers we cannot take sufficient precaution to prevent our prized personal information from being stolen.  Here are some