Small business loan application on the wooden surface and documents. getty Few decisions shape a small business’s financial future more than choosing the right type of loan. Whether you’re launching, expanding, or navigating a short-term crunch, knowing when to use a secured versus an unsecured loan can make all the difference. At its core, a
BB tightens rules to rein in bank’s in-house irregularities The central bank has tightened rules on lending to individuals and institutions connected to banks — such as directors, managing directors, their family members, and bank subsidiaries — to tackle widespread irregularities and scams in the banking sector. For all latest news, follow The Daily Star’s
Filing for Chapter 13 bankruptcy may give struggling borrowers a lifeline—but when it comes to student loans, relief is limited. Here’s what every borrower should understand about how bankruptcy interacts with education debt. Chapter 13 bankruptcy: What it does Chapter 13, also called a “wage earner’s plan,” lets individuals with regular income repay all or
Matt O’Hara, Chief Investment Officer, Unison. getty For many Americans, the traditional pillars of retirement—Social Security and 401(k) plans—no longer feel sufficient. Rising costs and longer lifespans mean that the nest egg once expected to cover a comfortable retirement may come up short. In this landscape, home equity has emerged as a critical resource. A
WASHINGTON — Student loan borrowers who receive federal benefits can now have their payments garnished if they’re in default on their loans. On Monday, the Department of Education announced it has begun issuing 30 day notices to defaulted student loan borrowers warning them that federal benefits and wages are subject to the Treasury Offset Program.
LANSING, MI – Michigan is offering to repay student loans for health care professionals who provide opioid addiction treatment programs. The Michigan Department of Health and Human Services aims to expand substance abuse disorder treatment by providing between $15,000 and $30,000 in student loan repayments to eligible health care providers. The program is available to
Corey Forsythe graduated from pharmacy school with a degree and $200,000 in student loans. He’s in no rush to pay them off. Forsythe, who is now 35 years old, has been chipping away at the balance by paying down $950 a month. But for the last eight years, a bigger priority for him has been
The News10NBC Team details breaking News, Traffic and Weather. ROCHESTER, N.Y. – The Trump administration has resumed collection efforts on student loans, affecting those in default sooner than expected. Collection efforts had been paused for about five years, but now federal benefits could be withheld as early as next month if borrowers do not arrange
The federal government has resumed collections on defaulted student loans, and nearly 200,000 borrowers could soon see wage garnishment, tax refund seizures, and even Social Security offsets. After a five-year pause, aggressive collection actions are officially back, putting many Americans’ financial stability at risk. If you have federal student loans in default, time is critical
The impact and history of autos in Detroit, The Motor City Here are some facts about Detroit’s auto industry. Rep. Bill Huizenga introduced the Made in America Motors Act, proposing a tax deduction on interest paid on U.S.-assembled vehicle loans. The proposed deduction allows up to $2,500 per year for vehicles under 14,000 pounds purchased