Student loans are a type of installment loan, which means they appear on your credit report. If you have student loans in your name, you can find them on your credit report under installment loans. Similar to an auto loan or mortgage, student loans are a type of loan that gives borrowers a finite amount of … Continued
If you have multiple streams of debt, like high-interest credit cards, medical bills or personal loans, debt consolidation can combine them into one fixed monthly payment. Getting a debt consolidation loan or using a balance transfer credit card can make sense if it lowers your annual percentage rate. But refinancing debt has pros and cons … Continued
A singular crisis has led to extraordinary relief options for borrowers. Interest and payments have been paused on federal student loans. Homeowners can request nearly a year of mortgage forbearance. Credit card issuers and other lenders dramatically expanded hardship programs. Still, many Americans say they took on more debt last year because of the pandemic, … Continued