Student loan debt has been an ongoing discussion among Americans for years as the debt balance continues to grow. The country’s total student loan debt now sits at $1.6 trillion, according to Federal Reserve Bank of New York data. These debts are overwhelming for many borrowers. Nearly 94% of respondents…

Interest payments for U.S. consumers are through the roof. Last quarter, consumers spent a record-high $1.1 trillion on interest payments alone, reported Quartz, using data from the U.S. Bureau of Economic Analysis (BEA).  Over half of those interest payments were not related to mortgage debt. Mortgages often have some of…

Medical bills may soon be removed from many credit reports. The Consumer Financial Protection Bureau (CFPB) just proposed a rule that would eliminate medical debt from credit reports in an attempt to prevent debt collectors from using the reporting system to get people to pay. The rule also intends to…

Investment Thesis Global freight rates continue to incur volatility and have stretched back towards 2022 highs. The containerized freight index shown in Figure 1, has lifted to 3,379 points from a range of 1,000 leading into the year. The last time this occurred in 2022, those in the air freight…

Increasing numbers of wealthy foreigners say they are leaving the UK in response to the abolition of the “non-dom” regime that allowed them to avoid paying tax on overseas income. The change — backed by both the Conservative and Labour parties — has contributed to a relative decline in the UK’s…

By Karen Brettell NEW YORK (Reuters) -The dollar fell against the euro and yen on Thursday as investors continued to bet the Federal Reserve is closer to cutting interest rates, even after Chairman Jerome Powell said that a move in March was unlikely. Powell said on Wednesday that rates had…

By Suban Abdulla LONDON (Reuters) -British retail sales jumped by the most in almost three years in January as consumers recovered their appetite for spending, suggesting the economy could emerge quickly from its recession in the second half of last year. Sales volumes increased by 3.4% from December, much stronger…

Between half and three-quarters of older adults are diagnosed with pre-diabetes. But what does it mean? And what should you do if you get such a diagnosis? Increasingly, many experts say older patients should not overreact. A diagnosis of pre-Type 2 diabetes often produces anxiety and confusion in seniors. It…

Mortgage rates are down for the second straight week, but still remain stubbornly high for many would-be buyers. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.95% this week from 6.99% last week. The average rate…

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. During…