At the heels of rising inflation, consumers drastically changed their spending habits in 2023 to cut back and save money each month. Non-essential retail purchases were the first things to go, with 60% of consumers avoiding retail spending last year, a PYMNTS study revealed. When consumers did decide to buy…

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…

The new year brings some major moves in the student loan industry. From a new round of forgiveness to more transparency around financial aid, students are getting help from universities and the government alike. For students who took out $12,000 or less in loans, the Biden-Harris Administration plans to forgive…

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…

There’s hope on the horizon for many different financial markets in 2024, but employee raises aren’t looking too promising, a WTW study reports. Employers in the U.S. are planning an average wage increase of 4% in 2024. This is down 0.4% from 2023 when the average increase was 4.4%. This…

When student loans restarted in October of last year, many borrowers were less than excited. The one saving grace for those struggling to keep up with these payments was the 12-month “on-ramp” where missed payments wouldn’t affect credit scores or result in default. This on-ramp was intended to make restarting payments…

A growing number of Americans are falling behind on their monthly credit card payments, and student loan repayments could be to blame, according to new data published by the Federal Reserve Bank of New York. Credit card delinquencies tumbled in the early days of the pandemic as the government sent…

The Department of Education said it will make important fixes to the new Free Application for Federal Student Aid (FAFSA) form, but the mistake will further delay the timeline for financial aid awards into spring. More than 3 million FAFSA applications have been submitted since the new form was launched on Dec. 30.…

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…

Student loan borrowers have met multiple hurdles as student loan repayment restarts, a Consumer Financial Protection Bureau report explains. From long customer service hold times to payment plan delays and incorrect billing statements, borrowers have found it difficult to start paying again.Borrowers spent an average of 73 minutes waiting on…