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The Trump administration killed the SAVE plan in a settlement with Missouri. Two new repayment plans launching July 2026 will dramatically increase monthly payments for millions.
As of January 1, 2026, federal student loan forgiveness through income-driven repayment plans is now subject to federal income tax. Here's what borrowers need to know about this major change.
Credit card delinquency rates dropped to 2.98% in Q3 2025, marking five consecutive quarters of improvement as consumers pull back on borrowing.
Average personal loan interest rates have dropped nearly a full percentage point from last year as Federal Reserve rate cuts trickle down to consumer borrowing costs.
Major banks consider offering credit cards with 10% interest rate caps as Trump pushes for consumer relief, but industry warns of devastating consequences for credit access.
TransUnion forecasts the smallest credit card balance growth since 2013 and stable delinquency rates, signaling improved consumer credit behavior in 2026.
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.