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…

More than 4 million student loan borrowers have enrolled in President Joe Biden’s new Saving on A Valuable Education (SAVE) income-driven repayment (IDR) plan as the start date for repayment nears.  The Department of Education said in a press release that it had received nearly 1 million applications for the program since…

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…

Because the U.S. Supreme Court has tossed out President Joe Biden’s student loan forgiveness after more than three years, people with outstanding loans will have to start paying those loans back — with interest this month.  Interest starts in September and payments will begin again in October. Money pros weighed in…

For more than three years, federal student loan borrowers have not had to make monthly payments. But that pandemic-era pause has officially come to an end, setting up a potential financial shock for millions of Americans.About 44 million borrowers in the U.S. were affected by the payment pause, which initially…

Many Americans are bracing for the impact of resuming student loan payments in October, with 33% expecting their monthly debt obligation to spike by $1000 a month, according to a recent survey by Empower. The additional payment may push 32% of Americans with student loan debt to take on more credit card debt at…

The Federal Reserve could raise interest rates again in order to reduce inflation to its targeted levels, according to Fed Governor Michelle W. Bowman.  The Federal Open Market Committee (FOMC) meets next in September to determine future monetary policy. “Additional rate increases will likely be needed to get inflation on 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. Borrowers…

Changes to the Department of Education’s income-driven repayment (IDR) plans mean some student loan borrowers can expect roughly $39 billion in federal student loan debt to be forgiven. Individually, borrowers in some states could expect to get close to $55,000 of student debt wiped away, according to Scholaroo’s Student Loan Forgiveness…

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…