As borrowers prepare to resume student loan repayment after nearly five years of payment pauses and extensions, some people may be looking to save money on interest through student loan refinancing. Why It Matters Student loan borrowers have struggled to keep up with payments, even before the federal payment pauses that came as part of … Read more
Average rate for 30-year fixed rate mortgage moved up to 6.99% last week High rates are driving down the number of loan applicants Industry watchers believe rates will drop in 2025, but not by a lot Interest rates on home loans for U.S. borrowers kicked off 2025 riding the same upward trend that closed out … Read more
The Biden administration says it’s forgiven $180 billion in student loan debt. That’s little comfort for a local woman who says she’s trapped with a never-ending student loan. The News 4 I-Team looked into her case, which reveals the complexity and confusion around student loan debt. Back in 2001 the woman borrowed $124 thousand to … Read more
When Marcus Johnson drove his Suzuki Swift out of a dealership in south Wales in 2017, he had no idea that he was helping to precipitate another major UK financial scandal. The 34-year-old factory supervisor from Cwmbran tells the Financial Times he was “in and out of the place within an hour” having put down … Read more
There’s a new limit on the rates Canadians are charged when they take out high-interest loans — a move aimed at preventing what the federal government calls “predatory lending practices.” Effective Jan. 1, lenders are prohibited from charging Canadians an interest rate of more than 35 per cent on loans. Before the legislation changed, lenders … Read more
Wednesday, Jan 08, 2025 • Brian Lopez : contact In 2022, the United States saw nearly 480,000 cyberattacks, a number that’s rising sharply. To protect individuals, several states have mandated data breach notification (DBN) laws, requiring businesses to notify people when their personal information is compromised. A new study led by University of … Read more
For many, homeownership is the American dream. But for immigrants who are undocumented, the feat can feel nearly impossible. Traditional loan programs aren’t an option for these hopeful homeowners, and they may lack the cash to buy a home outright. Their credit history — a key part of most mortgage applications — could also be … Read more
Richard Drury/ Getty Images; Illustration by Austin Courregé/Bankrate New year, new low in home equity rates. The $30,000 home equity line of credit (HELOC) plunged nine basis points to an average of 8.27 percent — its lowest level in a year and a half, according to Bankrate’s national survey of lenders. In contrast, the average … Read more
Your home can provide inexpensive access to a large sum of money to borrow right now. Getty Images/iStockphoto Credit cards are becoming more expensive. Interest rates on the product were already high and, toward the end of 2024, they rose even higher. Now at an average of 23.37%, credit card interest rates are the highest … Read more
WASHINGTON — The Consumer Financial Protection Bureau said it will pursue a larger participant rule in the personal loan market, more than two years after a trade group and consumer advocates petitioned the bureau for one. Although it’s an infrequently used tool, trade groups, advocates and even individuals have the ability to petition federal agencies … Read more