This week’s personal loan rates rise for 3-year terms, fall for 5-year terms
Here 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 finances. We promote the products of financial institutions we work with in exchange for our services, but all opinions are our own. Weekly updates on the latest […]
Many personal loan borrowers rely on loans for everyday expenses as cost of living grows
The third most common use for personal loans is for daily living expenses. (iStock) The personal loan market is growing due in part to the rising cost of living. Approximately 14.5% of borrowers use personal loans for daily living expenses. MarketWatch Guide Research found. Two of the most common reasons consumers take out personal loans […]
10-year private student loan interest rates surge
Here 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 finances. We promote the products of financial institutions we work with in exchange for our services, but all opinions are our own. The latest private student loan […]
What is the 50/30/20 budgeting rule? The method is one of many budgeting strategies
Financial expert and podcast host Rachel Crews urges Americans to make changes to their budgets to prepare for inflation. The 50/30/20 Rule is a beginner’s budgeting guide that you can start using today. The 50/30/20 rule provides an easy way to divide your after-tax income. According to this rule, money is divided into three different […]
Biden announces a fresh round of $7.5 billion in student loans canceled
The Biden administration has announced that more student loans will be eligible for cancellation. (iStock) President Joe Biden continues to get the ball rolling on student loan forgiveness by halting new loan payments as his administration develops a new plan to target more unpaid student loans. The Department of Education announced that the latest round […]
Millions of homeowners don’t have homeowners insurance due to high costs
7.4% of all homeowners choose not to purchase insurance to protect their home. (iStock) Homeowners insurance is required in many states, especially if you have a mortgage, but not all homeowners carry the insurance they need.More than 6 million homeowners in the United States do not have homeowners insurance, according to the Consumer Federation of […]
Majority of US couples do not have an estate plan, study finds
FOX Business’ Ashley Webster talks to diners at The Village in Florida about retirement after a Northwestern Mutual study claimed it would cost $1.46 million to retire gracefully. The overwhelming majority of U.S. investors in committed relationships say they trust their partners and share the same retirement goals, but most do not have a succession […]
Rising number of workers depend on side jobs
30% of workers rely on second jobs to make ends meet. (iStock) Side hustles are becoming more common, especially among younger generations who haven’t yet built wealth. As of February 2024, 22% of US workers have a side job. PYMNTS Survey found. The money earned from these side jobs is used to cover basic living […]
Many student loan borrowers missing opportunity to find debt relief in SAVE plan: survey
A recent survey shows that many student loan borrowers are still unaware of the benefits of income-based repayment plans. (iStock) According to a recent Student Debt Crisis Center (SDCC) report, many borrowers currently struggling to pay their student loans would benefit from enrolling in an income-based repayment plan. investigation. According to the survey, about three […]
Your Social Security COLA increase could be bigger than expected next year
Check out what’s being clicked on FoxBusiness.com Social Security recipients are expected to receive a larger-than-previously expected cost-of-living adjustment (COLA) next year after inflation accelerated for three consecutive months. The Senior Citizens League, a nonpartisan group focused on issues related to older Americans, estimates that the adjustment could be approximately 3%, based on the following […]