Access to a car is crucial for many Americans, especially those living in areas with limited public transportation options. However, the historically high prices of both new and used vehicles have made car ownership unattainable for many low-income workers. Interest rates for individuals with poor...
Student finance FinTech Earnest and debt guidance firm Payitoff have teamed to help borrowers lower student loan payments. The two companies on Monday (Oct. 26) announced the launch of their student loan management, a free tool that offers personalized repayment plan recommendations to reduce monthly payments. “The expiration of the...
The recent surge in delinquency rates on auto loans in the United States has raised concerns about the financial challenges faced by car owners. With interest rate hikes and rising inflation, many Americans are finding it increasingly difficult to afford their monthly car payments, Bloomberg reported Saturday...
Accessing working capital solutions is crucial for growth corporates — often referred to as middle market firms — around the world. However, the choices available to companies vary depending on their geographical location. In Europe, for example, working capital loans and overdrafts from corporate bank...
The resumption of student loan payments has challenged borrowers in more ways than one. As reported here, the return of loan payments following their COVID-fueled hiatus has placed added pressure on paycheck-to-paycheck consumers. But as CNBC reported Friday (Oct. 13), borrowers have also described getting...
Technology broadened the lending landscape, making it easier for previously underserved populations to receive money with a speediness that would be otherwise unimaginable were it not for digital channels of disbursement. But in a market where default rates are high, there may be indications that...
The surge in interest rates has resulted in record-high loan payments for consumers who have borrowed money to purchase new cars. With one in five borrowers owing at least $1,000 a month, the combination of surging interest rates and costly inventory has made vehicles less...
The White House canceled $9 billion in debt for 125,000 student loan borrowers. The debt relief comes as student loan payments restart for Americans following a three-year hiatus that began during the pandemic. The relief falls into three categories, according to a Wednesday (Oct. 4)...
Leveraged loans were a popular method of financing during the pandemic. Now, with interest rates set to stay high, they’ve turned into a major headache, The Wall Street Journal reported Wednesday (Sept. 27). According to that report — which cites the ratings firm Fitch — close...