Browsing: Loans
A 100-point drop in a credit score can be “absolutely catastrophic.” It can also take years to recover from, according to LendingTree chief credit analyst Matt Schulz. The Federal Reserve Bank…
A new report from the New York Federal Reserve found that while Americans’ credit card debt is falling, an uptick in student loan delinquencies is causing credit scores to decline. The…
Millions of student loan borrowers in default will start receiving notices on Monday that they are being put into collections. The move comes after the Department of Education said last…
The average U.S. credit score slipped nationwide, largely due to the resumption of federal student loan delinquency reporting on U.S. consumers’ credit reports, according to FICO. The scoring agency reported…
Married student loan borrowers on income-driven repayment (IDRs) appeared to no longer have to worry about the possibility of an increase in the size of their monthly payments, according to…
Missed payments on auto loans by American car owners rose to the highest level in three decades earlier this year. The percentage of borrowers with subprime car loans who are at…
Following the temporary freeze on federal assistance, ordered by the Trump administration’s Office of Management and Budget (OMB), Americans may be wondering if the freeze will impact them. In her…
President Donald Trump’s Justice Department on Friday asked the Supreme Court to freeze a handful of cases, including a challenge to one of former President Biden’s student loan bailouts. Acting…
As President Joe Biden’s term draws to a close, he has granted federal student loan relief to an additional 150,000 borrowers. These 150,000 borrowers include almost 85,000 who attended schools…
President Biden announced the approval of student loan handouts for more than 150,000 people on Monday, with the White House touting a total of more than 5 million beneficiaries over…