You Searched For "Borrowing to Pay" and got 20 results
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2 mins read
Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans
Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…
3 mins read
A major student-loan company is being punished for preventing over 460,000 borrowers from accessing cheaper monthly payments
The Education Department placed a second penalty on student-loan company MOHELA over failure to pro…
Ayelet Sheffey
6 mins read
Boom or bust — how RBI’s decision to leave rates unchanged affects homebuyers
If you're an aspiring homebuyer, now is not the time. And if you're already paying home loan EMIs, …
2 mins read
Global government borrowing is set to top $100 trillion — and shows no signs of slowing down
Broader support for more public spending, resistance to tax hikes, and spending pressures have driv…
Theron Mohamed
5 mins read
Millions of student-loan borrowers are waiting for broad debt cancellation. The next president won't have any immediate answers.
Millions of student-loan borrowers were counting on debt cancellation under Biden. Then came the la…
Ayelet Sheffey
4 mins read
Inside the 24-hour legal whiplash that sent 30 million student-loan borrowers into limbo
In the morning, a court handed millions of student-loan borrowers a lifeline. By the evening, a dif…
Ayelet Sheffey
1 min read
Ally Financial plunges 19% after CFO says its borrowers are struggling
"Our borrower is struggling with high inflation and cost of living, and now more recently, a weaken…
Matthew Fox
2 mins read
8 million student-loan borrowers enrolled in Biden's new repayment plan won't have to make payments for at least another 6 months
The Education Department extended the student-loan payment pause by at least 6 more months for borr…
Ayelet Sheffey
2 mins read
8 million student-loan borrowers struggling to afford key long-term expenses could get debt cancellation through a new Biden proposal
The Education Department released its proposal to get student-debt relief to borrowers facing finan…
Ayelet Sheffey
3 mins read
Student-loan borrowers keep getting more signals of a rocky repayment road ahead
A recent GAO report found just over half of student-loan borrowers are current on payments. Changes…
Ayelet Sheffey
3 mins read
A second Trump term would be 'chaos' for student loan borrowers
Trump has intensified his verbal attacks on student loan forgiveness and a recent Supreme Court rul…
Katherine Tangalakis-Lippert
3 mins read
8 million student-loan borrowers who remain blocked from cheaper payments and debt cancellation are getting a step closer to a final decision on Biden's new repayment plan
A Missouri judge blocked student-loan forgiveness under the SAVE plan and will soon hear oral argum…
Ayelet Sheffey
3 mins read
Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers.
After Navient was banned from federal student-loan servicing, Elizabeth Warren told BI it's a warni…
Ayelet Sheffey
2 mins read
Student-loan borrowers can likely count on more debt cancellation if Kamala Harris wins the presidency
Kamala Harris has backed several key student-loan forgiveness efforts during her career.
Ayelet Sheffey
6 mins read
How a Seattle couple achieved financial independence in their mid-30s with a net worth over $4 million — and why they don't want to retire early
Mai-lan Phan and her husband Ryan Wagoner achieved financial independence with a net worth over $4 …
Noah Sheidlower
2 mins read
Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills by a major lender, a federal consumer watchdog says
Student-loan company Navient is barred from servicing federal loans in a settlement it reached with…
Ayelet Sheffey
2 mins read
Millions of student-loan borrowers' payments are being 'wildly' mismanaged by a major servicer — and it might be time to terminate its contract, over 50 Democratic lawmakers say
Student-loan company MOHELA is facing two lawsuits over claims it mistreated millions of borrowers.…
Ayelet Sheffey
2 mins read
Bonds go bonkers as the US government now pays more than Vietnam or Morocco to borrow
Despite its AA+ credit rating, the US government now pays more to borrow than junk-rated nations af…
Anil Varma
2 mins read
Student-loan borrowers on Biden's new repayment plan are now waiting for the Supreme Court to decide whether cheaper payments and debt cancellation can resume
After the 8th Circuit officially blocked Biden's SAVE student-loan repayment plan, the Justice Depa…
Ayelet Sheffey
3 mins read
Student-loan borrowers on Biden's new repayment plan have 2 options to get credit toward debt cancellation while the program is blocked
With the SAVE plan blocked, student-loan borrowers have a couple of options to get credit toward de…