Author: News Room

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 with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3- and 5-year loans compared to the previous seven days. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between March 9 and…

Americans are drowning in credit card debt as uncomfortably high inflation makes the cost of everyday necessities more expensive.  In the last three months of 2022, credit card balances increased by $61 billion to $986 billion, according to the New York Federal Reserve Bank’s Quarterly Report on Household Debt and Credit published Thursday. That smashed the previous high of $927 billion, recorded before the COVID-19 pandemic began.Total U.S. household debt, meanwhile, climbed to a record $16.9 trillion during the fourth quarter, an increase of 2.4% from the prior three-month period.  The latest data marks a major reversal from just two…

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. Private student loans make up just about 7.6% of the trillion-dollar student loan market, according to data exchange platform MeasureOne. But private student loan borrowers carry a total $123 billion-plus share of Americans’ total student loan debt. The broad student loan forgiveness which President Joe Biden announced on Aug. 24 doesn’t…

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. Based on data compiled by Credible, mortgage rates for home purchases have risen for three key terms and fallen for one term since yesterday. Rates last updated on March 28, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000…

Low inventory and rising interest rates will likely be a factor in the spring real estate market in North Central New Jersey. The recently released February 2023 market report from Turpin Realtors, which covers Essex, Hunterdon, Morris, Somerset and Union counties, is a predictor of the upcoming prime season. “February typically is when we begin to see spring trends percolate,” said John Turpin, president of Turpin Realtors. Here are some takeaways from the report. Tight Inventory The number of new listings at all price points is down more than 32% compared to February 2022, from 1,435 to 975. Turpin doesn’t…

When choosing a credit card, you should consider the value rather than just just the cost. At $695 per year, the American Express AXP Platinum Card is one of the most expensive credit cards on the market. Depending on your spending and amount of travel, you may get huge value from this card. On the other hand, some of you may be better off with another credit card with a lower annual fee. Keep reading as this fun financial planner shares how to evaluate whether the $695 American Express Platinum annual fee is worth it. The value of some benefits…

Tax Notes legal reporter Caitlin Mullaney discusses ChatGPT’s understanding of tax. This transcript has been edited for length and clarity. David D. Stewart: In a world where taxes are complex and confusing and taxpayers are left feeling overwhelmed and frustrated, a new hero emerges, the AI chatbot. But can these digital assistants really save the day? Can they help taxpayers navigate the treacherous waters of the tax system and ensure everyone is paying their fair share? Join us on Tax Notes Talk as we explore the thrilling world of AI chatbots and tax, witness the power of these intelligent machines…

For those who wish to age in place at home, a first step often involves hiring someone to come in to help aging parents. Sometimes the elder is able to hire on their own, and sometimes family does so. At AgingParents.com, where we advise families about healthcare and legal issues, we normally recommend using a licensed agency to provide the workers. With well run agencies, the workers are background checked and the agency is licensed and bonded. No Close Supervision The issue we see is that the worker is placed in the home, with many long stretches of time when…

Florida Governor Ron Desantis’ recent policies and legislation on higher education and other areas are likely to drive students away from Florida’s colleges and universities. According to a new poll by Intelligent one in eight high school seniors in Florida say they will not attend a public college in the State. The key finding include the following: A survey done by Arts and Sciences, found that one in four students ruled out attending a college in a state because of the political climate in the state; this was true of both liberal and conservative students. Conservative students tended to rule…

Most of the panic from the mid-March bank runs seems to have dissipated. But, we caution, most of the real fallout lies ahead as banks move into restructure mode which will only serve to deepen the Recession. There are still some “Nervous Nellies” on the Street when it comes to the Regional Banks. On Wednesday, the stock price of one of the major Regionals (WAL) got trashed simply because in a press release by the bank, the deposit data wasn’t detailed enough. Nerves calmed later in the day when the bank updated its press release. We don’t expect a repeat,…