Conventional wisdom coming into this past week held that the Federal Reserve would raise rates at least twice this year. But the conventional wisdom may be stood on its ear, at least when it comes to interest rates. One tell comes from the minutes taken...
To help manage their student loan debts, 28,000 borrowers have sent in 33,300 applications for the Public Service Loan Forgiveness (PSLF) program. However, approximately 99 percent of 29,000 applications that have been processed were denied, and only around $5.52 million of debt has been discharged...
American’s increased the amount of money they borrowed in the second quarter, with consumer borrowing reaching $13.29 trillion during the quarter ending in June. Reuters, citing a report from the New York Federal Reserve Tuesday (Aug. 14), said that consumer debt during the second quarter was...
New data shows that Americans are on pace to accumulate a collective $4 trillion in consumer debt by the end of 2018. LendingTree, the nation’s leading online loan marketplace, released its first Consumer Debt Outlook for May 2018 — it found that collectively, Americans owe...
May 23, 2017
It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 trillion peak it reached in the fall of 2008 — the same time that the Great Recession was earning its place in the history books. According to the latest data out of the New York Federal […]
September 21, 2018
To help manage their student loan debts, 28,000 borrowers have sent in 33,300 applications for the Public Service Loan Forgiveness (PSLF) program. However, approximately 99 percent of 29,000 applications that have been processed were denied, and only around $5.52 million of debt has been discharged for 96 borrowers, MarketWatch reported. Why? More than 70 percent of […]
August 14, 2018
American’s increased the amount of money they borrowed in the second quarter, with consumer borrowing reaching $13.29 trillion during the quarter ending in June. Reuters, citing a report from the New...
May 11, 2018
New data shows that Americans are on pace to accumulate a collective $4 trillion in consumer debt by the end of 2018. LendingTree, the nation’s leading online loan marketplace, released...
July 11, 2017
The American people are feeling more confident about spending, if last month’s consumer borrowing numbers are any indicator. Borrowing patterns tend to correlate directly with spending patterns, which is why...
