Tips for spotting and avoiding personal loan scams
Personal loan scams have been on the rise. Here are six red flags that can help you identify scammers and find reputable personal loan lenders.
Biden extends federal student loan payment pause until May 1
President Joe Biden has extended the student loan payment freeze by 90 days through May 1, 2022, “as we manage the ongoing pandemic and further strengthen our economic recovery.”
How much does it cost to refinance a student loan?
Refinancing may make your student loan debt more manageable. And in most cases, there’s no upfront cost. (iStock)
Final child tax credit payments issued as Manchin pulls support for Build Back Better
The Build Back Better bill is a $1.7 trillion social safety net that includes investments in climate change, health care and child care, which includes expanding child tax credit (CTC) payments through 2022.
Holiday shopping held back by COVID financial impact, survey shows
COVID-19 continues to put a strain on finances this holiday season, however spending is expected to increase from last year, according to a new survey. Here's what to do if you are struggling financially.
Zelle scam: Police renew warning about money transfer app
Police have another warning about the ways scammers are using money transfer apps to target victims and their bank accounts.
Fed eyes up to 3 interest rate hikes in 2022 to address high inflation
Fed officials also plan to accelerate the central bank's tapering of bond purchases as they adjust their economic outlook on high inflation.
Senators urge Biden administration to simplify military student loan forgiveness program
Members of the military may qualify to have the remaining balance of their student loan debt forgiven under the Public Service Loan Forgiveness Program. But with strict documentation requirements, Congress is calling for additional student loan benefits for borrowers who served in the Armed Forces.
Warren, Schumer 'strongly urge' Biden to extend student loan forbearance and cancel debt
Progressive lawmakers are calling for the Education Department to extend the forbearance period as federal student loan borrowers are set to resume payments in February.
Can you use a personal loan to pay off your car?
If you’re looking to get out of auto loan debt, you can use a personal loan to pay off your car. Learn what this entails and whether it’s a good idea.
Single Americans would rather buy a home than pay for a wedding, survey finds
Unmarried Americans are prioritizing homeownership over paying for a wedding, according to a new survey.
Student loan payment pause will not be extended, White House confirms
White House press secretary Jen Psaki confirmed that federal student loan borrowers will need to resume making payments in February.
Child tax credit 2021: Families to receive final payment on Dec. 15
The final child tax credit payment will go out on Dec. 15. Payments could be extended into 2022 if the Senate can come to an agreement on Biden’s social spending bill.
How to get your student loan interest deduction
The student loan interest deduction allows you to subtract up to $2,500 from your taxable income for interest paid on student loans. Here’s how it works.
Lawmakers consider Social Security 2100 Act aimed at protecting future benefits
The House Ways and Means Committee held a hearing to consider a new bill to reform the way Social Security works and address the retirement crisis.
T-Mobile to pay hourly employees minimum of $20 an hour
T-Mobile announced that it will pay all 75,000 of its hourly employees a minimum wage of $20 an hour.
The pitfalls of lending money to friends and family
If you are going to lend money to a friend or family member, experts agree that communication is key and that putting the terms of any loan in writing is a must. And be prepared for things to go sideways.
Some Americans skip buying Christmas presents to afford health care, survey finds
Consumers have skipped spending money on food, travel and even holiday gifts due to health care costs, according to a survey from HealthCareInsider.
Best emergency loans of 2021
Emergency loans are typically unsecured personal loans that you can apply for and receive within a few business days. Learn more.
Student loan borrowers can potentially save $5K by refinancing as interest rates set record lows
Student loan refinancing rates on fixed-rate and variable-rate loans fell to record lows in November, giving borrowers the opportunity to save more money on their student debt.