Tag: Personal debt
High credit card interest rates carry risks
A person walks past a Christmas lighting display in a window at Bulbs NYC lighting store near Union Square in New York City, Dec. 20, 2022.Alexi Rosen [...]
Fed rate hike pushes business loans over 10% for first time since 2007
With the Federal Reserve's latest rate hike adding half a percentage point to the cost of debt capital and reaching its highest level in 15 years, the [...]
These 4 tips can help you stay out of debt this holiday season
Consumers spent a record $9.12 billion online shopping during Black Friday and another record $11.3 billion on Cyber Monday, according to the most rec [...]
Reasons to say ‘no’ to a store credit card offer this Black Friday
Prostock-studio | Istock | Getty ImagesIn the rush at the store checkout this holiday season, you may be tempted to say yes when asked if you want to [...]
What to look for in your credit report to lower borrowing costs
vitapix | E+ | Getty ImagesYour credit score can make or break your ability to open a credit card or buy a new car or home at attractive interest rate [...]
These are the best IRS options if you can’t pay your income taxes
Srdjanpav | E+ | Getty ImagesThe tax-extension deadline is approaching on Oct. 17, and a record 19 million Americans filed for more time to manage the [...]
You may owe taxes for federal student loan forgiveness in these states
Marko Geber | DigitalVision | Getty ImagesIf you're one of the millions of Americans expecting student loan forgiveness, you won't owe federal taxes. [...]
Education Dept. cancels $1.5 billion in loans for Westwood College borrowers
Tero Vesalainen | Istock | Getty ImagesThe U.S. Department of Education on Tuesday announced it will cancel all remaining federal student debt for for [...]
13 states may hit borrowers with state tax liability on forgiven student loans
President Joe Biden's student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. H [...]
Financing pushes monthly cost of new cars to record $702
Skynesher | E+ | Getty ImagesWhy drivers are spending more to buy a new vehicleThe average new-car transaction in July was $45,869, according to the J [...]
What experts say to do before, during and after filing for bankruptcy
Personal bankruptcy filings have fallen dramatically since the beginning of the coronavirus pandemic, but with interest rates rising and government re [...]
Consumers paying average $10,000 above ‘normal’ prices for used cars
Jim Watson | AFP | Getty ImagesIt's no secret that used-car prices have skyrocketed over the last two years amid an industry turned upside down by sup [...]
What the Fed’s interest rate hike to combat inflation means for you
The Federal Reserve recently raised interest rates by three-quarters of a percentage point, the most aggressive hike since 1994. This rise puts the ke [...]
Tax pros ‘very skeptical’ about expanded IRS voice bots for payments plans
Westend61 | Westend61 | Getty ImagesIf you get a tax bill and want help from the IRS to set up a payment plan, newly expanded voice bots may make for [...]
That vacation rental listing could be a scam. Watch for warning signs
Ozgurcankaya | E+ | Getty ImagesBiggest warning signThe biggest red flag that a listing is a scam is when you are asked to leave a listing platform su [...]