More student loan borrowers are getting relief through bankruptcy thanks to Biden’s rule change
Americans burdened with student loan debt are increasingly turning to bankruptcy to successfully pay off their debts. (iStock) According to the Department of Education, an increasing number of borrowers who sued to seek student loan forgiveness are now receiving debt relief through bankruptcy after policy changes by President Joe Biden’s administration. A total of 588 […]
This week’s personal loan rates edge up for 3- and 5-year terms
At Credible Operations, Inc. (NMLS No. 1681276, hereafter referred to as “Credible”), our goal is to give you the tools and confidence you need to improve your financial situation. While we promote products from partner financial institutions from whom we receive compensation for our services, all opinions are our own. We provide weekly updates on […]
Many homes are sitting stagnant on the market, causing more frequent price drops
Home sales fell 3.8% in June, the biggest drop in months. (iStock) Sellers are listing homes at record high prices, but buyers aren’t interested. High interest rates and high prices are keeping buyers away. That means buyers who are still looking have more room to maneuver than they’ve had in years. Pending home sales fell […]
Why July is an ideal time for a mid-year money check-in
Nicole Webb, senior vice president and financial advisor at Wealth Enhancement Group, discusses whether Americans are saving enough for retirement on “Making Money.” July is often thought of as a time for home improvement projects, well-deserved vacations, and leisurely day trips. In addition to these activities, financial pros say that being midway through the year, […]
What age should parents stop paying their young adult children’s bills?
“Kudlow” panelists Kevin Brady, Art Laffer and Sandra Smith discuss why “Bidenomics” isn’t being embraced by voters. The most common Parents support their children There is still a financial connection when a child reaches adulthood, but at what point should a parent cut off that financial connection? Each family’s specific age limit will depend on […]
Gas prices drop as demand for driving fizzles out: AAA
As temperatures have risen this summer, drivers have become less keen to take road trips. (iStock) According to AAA, gasoline prices fell in line with demand this summer as hot temperatures discouraged drivers from getting on the road. AAA said the national average price of a gallon of gasoline fell 4 cents from the previous […]
Mortgage rates lower as talk of interest rate cuts intensify: Freddie Mac
Mortgage rates are falling, but borrowers are hesitant in hopes that rates will fall further. (iStock) Mortgage rates fell further this week on reassurance that strong economic data and favorable inflation reports may finally lead the Federal Reserve to cut rates. According to Freddie Mac’s latest report, the average 30-year fixed-rate mortgage for the week […]
Robert Kiyosak, ‘Rich Dad, Poor Dad’, Trump, wealth building
Robert Kiyosaki, investor and bestselling author of Rich Dad Poor Dad, shares his views on education, finances, investing and the current political climate. Robert Kiyosaki is a businessman, investor and best-selling author whose book, Rich Dad, Poor Dad, has sold more than 32 million copies and spawned a chain of seminars that emphasize improving financial […]
New law makes it easier for Americans to tap retirement accounts for emergencies
A recent AARP survey found that more than half of adults over the age of 50 are worried about having enough money for retirement. New law allows Americans to save more by investing in 401(k)s and other savings accounts Severance pay As an emergency ATM. New IRS rules allow Americans to withdraw up to $1,000 […]
This week’s personal loan rates edge up for 3-year terms, while 5-year rates fall
At Credible Operations, Inc. (NMLS No. 1681276, hereafter referred to as “Credible”), our goal is to give you the tools and confidence you need to improve your financial situation. While we promote products from partner financial institutions from whom we receive compensation for our services, all opinions are our own. We provide weekly updates on […]