Writing a donation check to a charitable organization getty In March 2025, the U.S. Tax Court delivered a pivotal ruling in Estate of Galli v. Commissioner (T.C. No. 7003-20 and 7005-20), establishing that a $2.3 million transfer from a mother to her son was a legitimate loan—not a gift—because it adhered to the criteria set
Trump administration begins sending default student loans to collections Starting Monday, the Education Department will resume reporting defaulted student loans to collections agencies, potentially affecting as many as 5 million borrowers. Updated: 5:20 AM CDT May 5, 2025 Washington Bureau Reporter The Department of Education will begin reporting defaulted student loans to collections agencies starting
Americans are using the buy now, pay later (BNPL) loans to buy everyday items like groceries, and while these loans are not new, how people are using them is changing. “It’s a good way to get some things I either need or want, and to be able to manage my expenses in a way that
Millions of student loan borrowers who have fallen behind on their repayments have just a matter of days to arrange a payment plan and get back on track. But which repayment option is best for your financial situation? May 5 Deadline The Department of Education (ED) recently confirmed that forced collections on defaulted loans will
As grocery prices continue to squeeze household budgets, a growing number of Americans are turning to “buy now, pay later” loans to cover the cost of food, raising fresh concerns about consumer debt and financial vulnerability, according to a new survey. One in four users of buy now, pay later (BNPL) services say they’ve used
(WJAR) — Buy Now Pay Later loans have exploded in popularity. In fact, a new survey by LendingTree finds that 25% of Buy Now Pay Later users now using the installment loans for everyday essentials like groceries. But is that a smart idea? And what does that say about the state of the economy? “To
A representational image showing the seal for the International Monetary Fund (IMF) in Washington, US—AFP/File NEW DELHI/KARACHI: Amid escalating tensions between the South Asian neighbours over a deadly attack in Indian Illegally Occupied Jammu and Kashmir (IIOJK), India has asked the International Monetary Fund (IMF) to review loans disbursed to Pakistan, an Indian government source
Swiss-based Bitcoin startup Relai has announced a strategic partnership with Sygnum Bank to launch Bitcoin-backed loans for high-net-worth individuals (HNWIs), enabling users to access liquidity without selling their Bitcoin, according to a press release sent to Bitcoin Magazine. The service marks the first of its kind in Switzerland and merges Relai’s intuitive Bitcoin investment platform
WASHINGTON >> Farm loan employees at the U.S. Department of Agriculture’s Farm Service Agency will now need approval from billionaire Elon Musk’s Department of Government Efficiency to issue loans over $500,000, according to a memo seen by Reuters on Wednesday. DOGE has led President Donald Trump’s effort to slash the federal workforce and cut spending.
CHAMPLAIN, N.Y., May 01, 2025 (GLOBE NEWSWIRE) — Bad credit doesn’t mean you’re out of options-it just means you need to look in the right places. Many lenders now offer specialized loans tailored for those with less-than-perfect credit scores. These aren’t just high-interest traps; some provide realistic repayment terms, flexible criteria, and fast approvals. The