Student loan payments may be to blame for a spike in credit card delinquencies
Lee Munson, president and chief information officer (CIO) of Portfolio Wealth Advisors, talked about the expected earnings releases of major banks, the Federal Reserve’s interest rate cuts, and gave his outlook for the market this year. More Americans are falling behind on their monthly appointments. Payment by credit cardand according to new data released by […]
This week’s personal loan rates lower for 3- and 5-year loans
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 […]
Auto loan delinquencies spiked last year in troubling sign for economy
Portfolio Wealth Advisors President and Chief Information Officer Lee Manson talked about the expected earnings releases of major banks, the Federal Reserve’s interest rate cuts, and gave his outlook for the market this year. More Americans are falling behind on their car payments, and this is an ominous sign for the country. us economy This […]
Credit Card and Auto Loan Delinquencies Surge on Back of Bidenflation
U.S. consumer spending has continued to fuel the economy at an unexpected rate over the past year. On the dark side, delinquencies on credit cards and auto loans are skyrocketing. “New delinquencies are particularly bad for both auto loans and credit cards, with transition rates exceeding pre-pandemic levels,” the New York Fed said. Said In […]
This week’s personal loan rates fall for 3- and 5-year loans
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 […]
LANE: Biden’s SAVE 2.0 Is Less About Loan Forgiveness, More About Saving Face
It’s another Groundhog Day for the Biden administration, but the only shadow looming large is the latest failed attempt at student loan forgiveness. This is the second time in less than a year that President Biden has single-handedly canceled student loan payments for thousands of borrowers. Like the previous plan, which was ultimately ruled unconstitutional […]
This week’s personal loan rates fall for 3-year loans
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 […]
Private student loan interest rates plummet for 5-and 10-year loans
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 […]
Drivers see a return of the zero percent car loan with longer terms in Q4: report
Lenders eased loan conditions for some drivers in the fourth quarter. (iStock) Drivers will now be able to secure better car loan terms in the fourth quarter of 2023, according to a recent report. According to Edmunds, the percentage of new vehicle sales financed with 0% annual interest financing amounted to 2.3% of sales in […]
New student loan laws can help borrowers manage better in 2024
The initiative, which takes effect in 2024, is aimed at helping student loan borrowers reduce their debt balances. (iStock) As we move into 2024, the competition for student loans will intensify and important legislation will take effect to help borrowers manage their student loan debt. One of the first laws that went into effect on […]