Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
Category: Credit and Debt
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‘Pay Later’ Lenders Have an Issue With Credit Bureaus
Firms like Experian and TransUnion say it is time for “buy now, pay later” loans to appear on consumer credit reports. The lenders aren’t ready to sign on.
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China’s First Quarter Results Show Growth Propelled by Its Factories
China’s big bet on exports has helped to counteract its housing slowdown, but other countries are worried about a flood of Chinese goods.
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A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up
On a scale not seen in decades, many Americans are stuck in homes they would rather leave.
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Higher for Longer After All? Investors See Fed Rates Falling More Slowly.
Investors went into 2024 expecting the Federal Reserve to cut rates sharply. Stubborn inflation and quick growth call that into question.
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Spirit Airlines Will Delay Plane Purchases and Furlough Pilots
The low-cost airline, which has been unprofitable for four years, is trying to reduce costs after a federal judge blocked a proposed deal for JetBlue to acquire Spirit.
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Paying Off People’s Medical Debt Has Little Impact on Their Lives, Study Finds
A nonprofit group called R.I.P. Medical Debt has relieved Americans of $11 billion in hospital bills. But that did not improve their mental health or their credit scores, a study found.
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Student Debt Is Standing in the Way of Future Nuns and Priests
For young adults who want to join certain religious orders, paying off debt before taking a vow of poverty can prove challenging. But their communities are willing to help.
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Atos, a French Tech Giant, Tumbles in Value
The French government said it would seek “a national solution” to protect Atos, a debt-burdened company that serves nuclear programs and the military.
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Atos, a French Tech Giant, Tumbles in Value
The French government said it would seek “a national solution” to protect Atos, a debt-burdened company that serves nuclear programs and the military.
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Email ‘Mistake’ on Inflation Data Prompts Questions on What Is Shared
Traders are closely watching once-obscure economic data, prompting more scrutiny of how widely the government distributes the information.
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Car Deals Are Easier to Find but Lenders Are Tightening Their Terms
It has become harder for some borrowers to get affordable car loans as banks and dealerships face a rising number of delinquencies.