Biden admin continues to ignore Supreme Court ruling â wipes out another $1.2 billion in student loan debt
The Biden administration announced Wednesday morning that it has approved an additional $1.2 billion in federal student loan debt cancellation, according to the White House. press release. According to a recent statement, around 153,000 borrowers currently enrolled in the government’s ‘Precious Education Savings’ repayment plan will have their debts cancelled. Borrowers who enroll in SAVE, […]
Some student loan borrowers are boycotting payments, but the risk is high: survey
Some student loan borrowers refuse to pay off their debts, hoping to send a message to the government. (iStock) Millions of borrowers have fallen behind on student loan payments since the reopening in October, according to a recent survey, and about one in 10 expects to pressure the government to cancel outstanding debt. He is […]
More student loan forgiveness is on the horizon, as U.S. colleges commit to cost transparency
Students who have paid for 10 years and take out less than $12,000 are eligible for forgiveness. (iStock) The new year brings some big moves to the student loan industry. From new forgiveness to increased transparency around financial aid, students are receiving support from universities and governments alike. The Biden-Harris administration plans to forgive students […]
This week’s personal loan rates fall for 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 […]
This week’s personal loan rates decrease 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 […]
Missed student loan payments set to affect credit scores again by the end of 2024: Here’s how to prepare
Borrowers must receive payment immediately, by September, before their credit scores are affected if they miss a payment. (iStock) When student loans were reintroduced last October, many borrowers weren’t too excited. The only relief for those struggling to keep up with these payments is 12 month “on-ramp” Missing a payment won’t affect your credit score […]
Trump rails against Senate foreign aid bill, says US should ‘give it to ’em as a loan’ instead
Former President Trump slammed the Senate foreign aid bill at a rally in South Carolina on Saturday. Trump: “They want to give almost $100 billion to several countries” Said At a gathering. He continued: “I said, ‘Why are we doing this? If you do that, you’re not giving them $100 billion, you’re giving it “as […]
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 […]