European Central Bank supervisors are asking some of the region's lenders to assess their need for U.S. dollars in times of stress, as they game out scenarios in which they cannot rely on tapping the Federal Reserve under the Trump administration, three people with knowledge of the discussions…
Student loans are a looming part of higher education that gives most prospective students a headache before they've even started the application process. Alas, prospective and former students rejoice—here are some tips for paying off your loans quickly. Know what you're getting into. Make sure you read up…
The way loans are currently structured is leading to double, and even up to tripling and quadrupling, debt for some loan holders. Especially because of how interest compounds over the years. “Loans doubling, tripling, quadrupling, it really does happen all the time,” said Persis Yu, director of the…
There’s been an increased rise in people taking out long-term car loans. The Consumer Finance Protection Bureau says that 42 percent of auto loans given out in the last year carried payback rates of six years or more, compared to 26 percent from 2009. According to Consumer Reports,…
No one wants to deal with taking out a mortgage loan and having it denied. Recently the Urban Institute calculated real denial rates to determine which mortgage loans are denied most often. Government-backed loans get denied less than conventional loans. Forbes reported that "conventional loan applications are denied…
Through sites like Credit Karma, the option to check your credit score for free has existed, however, it was for your VantageScore rather than your FICO score. Recently, though, Discover announced the launch ofCreditScoreCard.com where you can obtain your FICO credit score for free. Your FICO credit score is…
Sallie Mae conducted a study in 2009 that showed that 84 percent of undergrads had credit cards. Then by 2016, 56 percent of students had credit cards. Here are some tips for those who are planning to bring credit cards to college. Find cards that are made for…
Unfortunately, even after you die, your credit card debt and the interest that goes with it won't follow you to the grave. Once someone dies, their debt becomes the responsibility of their estate. When that happens, interest doesn't stop accumulating. And if the person who passes has a…
Unless you’re a financial whiz, it can be tricky to figure out the best way to pay off your debt. Some experts believe loans are a viable option for some consumers, while other warn of the dangers of these loan consolidation programs. Read on for more from both…
Sure, that 84-month car loan may seem like a great idea when you’re smitten with a ride you can’t otherwise afford, but the consequences could be dire. In fact, delinquencies rise along with longer loan terms, meaning they’re becoming an attractive but risky option for consumers. Image via…
