Credit card balances hit a new benchmark in the fourth quarter of 2023, with balances topping the $1 trillion mark for the first time, according to a recent TransUnion report. Balances increased by 13% over the previous year across all risk tiers, led by subprime, which grew 32% to $105 billion,…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers…

Saving money should be a priority for Americans, no matter what age or financial state they’re in. The volatility of the stock market, inflation and other money-sucking elements of everyday life are only a few reasons why various savings accounts should be at the forefront of minds. While income is…

In Part 1 of my response to Sen. Bernie Sanders and economist Teresa Ghilarducci, I explained why Sanders’ favorite and most compelling factoid – that nearly half of Americans approaching retirement have zero savings – is outright false, something Sanders should have known for years. But it’s not about a…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

The U.S. Department of Education just published a state-by-state list of borrowers who have received forgiveness under President Biden’s Saving on a Valuable Education (SAVE) Plan. The announcement breaks down how much forgiveness each state has received and how many borrowers are enrolled in the plan in each state. So…

The Consumer Financial Protection Bureau (CFPB) is finalizing a rule that limits how much consumers are charged in late fees. The rule caps late fees to 25% of the required payment and ends the automatic inflation adjustment for these charges, according to the CFPB. Credit card companies can still charge late…

New York Community Bancorp is seeking to raise equity capital in a bid to shore up confidence in the troubled regional lender. NYCB, buffeted by fears over potential real-estate loan losses, weaknesses in its internal controls and a sharp drop in its stock price, has dispatched bankers to gauge investors’…

Alaska Airlines is known for its Mileage Plan, which won the title of NerdWallert’s Best Airline Rewards Program for 2023 for its great reward rates, elite status benefits and reliability. It even ranked as the most pet-friendly airline. The free-to-join Mileage Plan makes it easy to collect reward miles by…

There is a right and wrong age when it comes to filing for Social Security benefits. The key to determining the right age for you is accurately analyzing your situation, understanding all your claiming options, and deciding which strategy is the best for you in relation to your overall financial…