Latest Personal loans News

US retail sales were flat in July as inflation takes a toll

Aug. 17, 2022 10:30 AM EDT

WASHINGTON (AP) — The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many Americans to spend more cautiously. Retail purchases were flat after having risen 0.8% in June, the Commerce Department reported...

Former ITT Tech students get $3.9B in debt cancellation

Aug. 16, 2022 12:26 PM EDT

WASHINGTON (AP) — Students who used federal loans to attend ITT Technical Institute as far back as 2005 will automatically get that debt canceled after authorities found “widespread and pervasive misrepresentations” at the defunct for-profit college chain, the Biden administration announced...

Liz Weston: Just Starting Out? Learn From Our Mistakes

Aug. 15, 2022 07:47 AM EDT

Those of us who write and talk about money for a living tend to have our financial acts together. But that wasn’t always the case. I invited some personal finance experts to share what they wish they could have told their younger selves about money. INVEST EARLY, EVEN IF IT’S...

Editorial Roundup: Michigan

Aug. 15, 2022 07:14 AM EDT

Detroit News. August 8, 2022. Editorial: GOP should pass on compromised DePerno Matt DePerno was never the best choice for Republicans to unseat Attorney General Dana Nessel in the November election. He was awarded the state party’s endorsement in April at a...

Justice Dept. weighs in on 2020 election robocall suit

Aug. 12, 2022 20:55 PM EDT

NEW YORK (AP) — The U.S. Justice Department has weighed in on a civil lawsuit against two conservative political operatives accused of using robocalls to dissuade Black voters from taking part in the 2020 election. The department said Friday that defense lawyers for the two men...

US key 30-year mortgage rate jumps back over 5%, now 5.22%

Aug. 11, 2022 12:02 PM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates soared this week in a continued volatile market as the key 30-year loan rate jumped back over 5%. Mortgage buyer Freddie Mac reports that the 30-year rate rose to 5.22% from 4.99% last week. By contrast, the rate stood at...

Liz Weston: 3 ways to fight inflation and win the long game

Aug. 08, 2022 07:27 AM EDT

Inflation is scary. Groceries, gas, airfare, car purchases, utilities : In so many areas, your buying power is shrinking as prices continue to rise. Fear can make you want to do something — anything! — to fight back. Thankfully, many of the best moves to counteract inflation...

What Equifax’s credit score errors mean for consumers

Aug. 05, 2022 08:11 AM EDT

Equifax, one of the three major credit bureaus, announced that a computer coding error resulted in the miscalculation of credit scores for consumers in a three-week period between March 17 and April 6. For 300,000 consumers, the error shifted credit scores as much as 25 points. The changes to...

Florida woman's lawsuit says Equifax error made loan pricier

Aug. 04, 2022 12:48 PM EDT

ORLANDO, Fla. (AP) — A Florida woman has sued Equifax claiming she was denied a car loan because of a 130-point mistake in her credit report that she says was part of a larger group of credit score errors the ratings agency made this spring due to a coding problem. The class action...

Long-term mortgage rates under 5% for 1st time in 4 months

Aug. 04, 2022 10:05 AM EDT

WASHINGTON (AP) — The average long-term U.S. mortgage rate fell below 5% for the first time in four months, days after the Federal Reserve jacked up its main borrowing rate in an aggressive effort to get inflation under control. The 30-year rate tumbled to 4.99% from 5.3% last...