Student loan borrowers in default will receive 'fresh start' when forbearance ends: Education Department
Federal student loan borrowers who are in delinquency or default will be placed in good standing when payments resume in September, the Education Department announced.
Nearly 70% of medical debt in collections will be removed from credit reports, bureaus say
The major credit bureaus have updated their rules for sending medical bills to collections, which is expected to remove nearly 70% of medical collections debt from credit reports.
Tax law changes could affect PayPal, Venmo, and Cash App users
Millions of small business owners who rely on payment apps like Venmo, PayPal, and Cash App could be subject to a new tax law that just took effect in January.
Zelle scammers steal thousands of dollars from Maryland woman
A Maryland woman scammed out of thousands of dollars is speaking out in an effort to help others avoid a ploy making the rounds across the country.
Federal Reserve raises interest rates: What to do now
In order to fight decades-high inflation levels, the Federal Reserve raised rates for the first time since 2018 on Wednesday.
Inflation rises to yet another new 40-year high in February
With inflation reaching yet another new 40-year high in February, economists have begun to question the Fed's ability to bring it back down.
Biden administration considering another student loan payment pause extension
President Biden is still considering canceling student loans or extending the forbearance period, a White House spokesperson said on a recent podcast episode.
Survey: 93% of student loan borrowers aren't ready to restart payments in May
Student loan payments resume in May, but a new survey suggests that the vast majority of borrowers aren't financially prepared.
Federal student loan payments restart in 2 months: How borrowers can prepare
Student loan borrowers will be expected to resume payments in May after two years of federal forbearance. Here's what to know.
Many families lack confidence in funding college education: Sallie Mae survey
A new survey said that while college-bound students say higher education is important, they are unsure how to pay for it.
5 ways to improve your credit score in 2022
Building your credit history can be as simple as checking your credit report for errors and improving your on-time payment history.
Electric vehicle sales hit record high in 2021, KBB reports
EV sales increased 72% year-over-year, according to KBB, but there are some important costs of EV ownership that drivers should consider.
5 ways to use your tax refund strategically
Taxpayers received an average tax refund of nearly $3,000 in 2021, according to the IRS, and it's possible to use this cash windfall to improve your financial situation.
Average consumer will spend $175 on Valentine's Day gifts, data shows
A new survey exploring Valentine's Day shopping trends and statistics found a historic level of consumer spending in 2022.
Most Americans want student loan payment pause extended until 2023, poll shows
A January poll from Data for Progress found that 59% of Americans support extending the federal student loan payment suspension through the end of the year.
Resuming student loan payments without debt forgiveness would be 'disastrous,' Democrats warn
Prominent Democratic lawmakers are calling on the president to cancel student debt before federal student loan payments resume in May.
40% of millennials say credit card debt is their biggest financial setback, survey finds
A new survey found that millennials are more financially confident and optimistic than any other generation, but they're held back by high-interest credit card debt.
You could see a lower tax refund this year, and this is why
With tax season quickly approaching, some families should prepare for lower-than-normal tax returns due to changes from the American Rescue Act.
Majority of small businesses raising prices due to inflation, study shows
Inflation is rising at a record pace, forcing many small businesses to raise their prices. Here's what consumers can do to if they are struggling.
Housing inventory shortages drive seller's market in November, Redfin reports
Redfin's housing market predictions for 2022 are more positive with a higher supply of new homes causing price growth to slow down. But by then, higher mortgage rates are likely to impact housing affordability.