Nearly a million student loan borrowers back in forbearance following servicer billing errors
The Department of Education has withheld millions of dollars of payment to student loan servicers over billing errors that triggered delinquencies for many students.
Retirement savings are getting sucked up in a financial vortex: Goldman Sachs
U.S. workers have upped their retirement savings, but competing spending continues to challenge most from reaching their goals, a recent Goldman Sachs Asset Management (GSAM) retirement report said.
Retirement crisis: Great Recession takes its toll on younger Boomers
The Great Recession diminished the retirement savings potential of late Boomers, a study found. And cost adjustments to Social Security could be smaller next year.
Auto loans much more expensive for drivers with bad credit: report
Borrowers are spending more to finance car purchases across the board, but poor credit ratings can drive the cost up by up to $12,000, a recent report by Jerry said.
Debt relief scams grow as consumer debt hits record high: BBB
The Better Business Bureau has received over 11,000 complaints and almost 900 negative reviews about debt and credit assistance.
Student loan scammers arise as repayment begins
As student loan repayment begins after a federal pause, scammers are preying on borrowers seeking debt relief. But there are free and legitimate ways to lower your monthly payments or get student loan relief. Here's how.
Credit card delinquency rates and balances are on the rise
Credit card delinquency rates and balances increased in Q2 2023 amid a high interest-rate environment. But there are many ways to pay off debt quickly.
Student loan repayment: Nearly half of Americans with college debt to cut essential spending
With student loan payments underway after the federal pause ended, many Americans are cutting back on essentials to make ends meet, MassMutual found. But Biden’s student loan relief initiatives aim to help borrowers now.
Gas prices unseasonably high despite a drop in demand: AAA
Nationwide gas prices dipped on average by only three cents to $3.83 for the week ending Sept. 28, according to AAA.
Extreme weather impacting how buyers shop for homes: Zillow
Most shoppers consider at least one climate risk in the homebuying process, a recent Zillow survey said.
Student loan repayment may force some to take on more debt: survey
Many student loan borrowers are anxious that they won't be able to meet their payment obligations once repayments resume in October, according to a recent survey by Achieve.
Map: Here's the minimum annual income required to be middle class in each state
Inflation has surged in the past few years, peaking at 9% in June 2022. That means some families who were middle class in 2020 may no longer be in that category.
What is today’s lowest mortgage rate? 15-year terms remain lowest | September 13, 2023
Check out the mortgage rates for September 13, 2023, which are mixed from yesterday.
Gas prices drop ahead of Labor Day weekend: AAA
The average price of gas dropped this week as oil prices follow a downward trend, according to AAA. Motorists may see some pressure at the pump as they get closer to Labor Day weekend.
Home price growth reaches highest level since last year: Redfin
Home prices increased 2.6% from last year, Redfin reported. And a lack of housing inventory could be placing barriers to homeownership and driving up prices. Still, the Fed's doubts over a possible recession may fuel a housing rebound.
Credit card users with the highest balances live in these states: survey
Subprime accounts made up a growing number of new accounts opened in the third quarter of 2022, according to a recent Scholaroo survey.
Personal loan interest rates continue to edge up for all terms
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Today’s lowest mortgage rate? 10-year terms at 6.625 percent | August 22, 2023
Check out the mortgage purchase rates for August 22, 2023, which are mostly unchanged from yesterday.
Gen Xers face alarming retirement shortfall, study says
The typical Gen X household has saved less than what is needed to finance a secure retirement, according to a study from the National Institute on Retirement Savings.
Today’s lowest mortgage rates? Shorter terms hold the biggest savings | August 16, 2023
Check out the mortgage rates for August 16, 2023, which are largely unchanged from yesterday.