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Subprime auto delinquencies reached 6.6% in January 2025, the highest since tracking began in 1994. Consumers are stretching loans to 7.5 years to afford payments.
The U.S. Department of Education has delayed involuntary collections on defaulted student loans, including wage garnishment and tax refund offsets, as new repayment reforms under the Working Families Tax Cuts Act take shape.
The student loan default crisis has reached critical levels with 12 million borrowers delinquent or in default. Wage garnishment returns in 2026. Here's what you need to do.
Fitch reports 6.65% of subprime auto loans are at least 60 days past due, the highest since records began. The auto lending market shows cracks even as the broader economy holds steady.
The federal government has begun garnishing wages from defaulted student loan borrowers for the first time since March 2020. Here's what borrowers need to know.
Americans paid a record $160 billion in credit card interest in 2024, up 52% from 2022, according to the CFPB's latest report. With average APRs at all-time highs, the interest burden continues climbing.
The Trump administration has begun sending wage garnishment notices to federal student loan borrowers in default. Here's what you need to know about protecting your paycheck and getting out of default.
The Federal Reserve held rates at 3.5%-3.75% in January and projects just one 25-basis-point cut for all of 2026. For credit card holders, mortgage seekers, and auto loan borrowers, the higher-for-longer era continues.
The biggest overhaul of federal student loan repayment in a generation takes effect July 1, 2026, replacing existing plans with a new Standard Plan and Repayment Assistance Plan.
Buy Now Pay Later late payment rates surged to 41% in 2025, up from 34% the prior year, while grocery BNPL use nearly doubled to 25%. The data reveals a consumer credit stress point regulators are scrambling to address.
The One Big Beautiful Bill eliminates income-driven repayment for new Parent PLUS loans after July 1. With processing taking up to 8 weeks, March is the last practical window to act.
Subprime auto loan delinquencies have surged to their highest level since 1993, with 6.65% of subprime borrowers at least 60 days late. The average new car costs nearly $50,000, monthly payments have hit $748, and tariffs could add thousands more.