Consumers have a right to dispute mistakes on their credit reports. But if they’ve made late payments, that can’t be erased, consumer experts say.
Category: Personal Finances
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What Happened When I Stopped Paying My Private Student Loans
One borrower’s story about falling behind on payments, defaulting on his private student loans and waiting out the statute of limitations on debt collection.
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Why Some Ex-Workers at Bed Bath & Beyond Face 401(k) Losses
Federal law generally protects retirement savings when a company files for bankruptcy. But that’s not always the case.
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States’ Paid Leave Plans Could Help Protect Caregivers’ Savings
It’s not unusual for people caring for family members to tap their retirement accounts or go into debt to pay bills. Some states are trying to help them avoid that.
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How Some Iranian Americans View Education and Financial Success
Many Iranian Americans say their families place a high premium on education — sometimes at the expense of early financial independence — potentially complicating their financial futures.
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How Women With A.D.H.D. Manage Their Money
A diagnosis of attention deficit hyperactivity disorder in adulthood has solved a mystery for some women, helping them get control over their finances.
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U.S. Consumers Are Showing Signs of Stress, Retailers Say
Consumer spending remains resilient, but retailers’ latest earnings offered a glimpse into worrying shifts in shopping habits.
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At 30%, Solar Panel Tax Credits Are at a High Point for Now
For about the next decade, homeowners can take advantage of the U.S. tax code to save on installation and reduce their electric bills.
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What to Know About the New Student Loan Repayment Plan
The Biden administration’s new income-driven repayment plan, SAVE, will reduce payments for millions of borrowers and more will qualify for $0 payments.
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How Young People Manage a Financial Windfall
A sudden influx of cash can offer a sense of relief for a young person. But for those grieving a loss or dealing with large sums of money for the first time, it can also feel overwhelming.
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The Outlook for the Economy Has Improved. And Yet.
The prospects for a soft landing for the economy and the markets look better than they have in months. Our columnist is still worried.
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Credit Card Debt Hits New Peak as Some Borrowers Face Financial Strain
Debt rose to more than $1 trillion in the second quarter, a report found — a sign of financial strain for some, even before student loan payments resume.