A trip to the grocery store or gas pump shows how much the cost of basic necessities has risen in recent years. Data published by Statistia shows inflation at 3.24% as of February 2024. That’s a far cry from 9.1% in June 2022, but up substantially from the pandemic era. Americans are also seeing elevated
Banks are facing a $2 trillion “wall” of property debt, according to an American brokerage. As such, lenders must reduce their exposure to commercial real estate as that debt comes due over the next three years, Newmark CEO Barry Gosin told the Financial Times (FT) Monday (April 1). “Banks will be under pressure,” said Gosin, whose firm handled $50 billion in
Special to the News-Times SACRAMENTO — Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration, today reminded small nonfarm businesses in 53 Texas counties and neighboring parishes in Louisiana of the April 22, 2024, deadline to apply for an SBA federal disaster loan for economic injury.
Small Business Administration offering loans for businesses impacted by Francis Scott Key Bridge collapse Updated: 9:44 PM EDT Mar 30, 2024 On Saturday, the Small Business Administration (SBA) Administrator Isabel Casillas Guzman announced that Mid-Atlantic small businesses that were affected by the Francis Scott Key Bridge collapse may apply for low-interest, long-term Economic Injury Disaster
National Debt Relief is a leading debt settlement company that works to settle clients’ balances for less than they owe. It’s highly rated by its clients, and it’s accredited by the American Association for Debt Resolution (AADR). According to the company, its clients can become debt-free in 24 to 48 months, and they may save
The Consumer Financial Protection Bureau detailed in its 2023 Consumer Response Annual Report that consumers have been the targets of fraudulent account openings, and installment loans were the most cited type of personal lending in complaints. The report, released Friday (March 29), noted that complaints about credit or consumer reporting accounted for more than 81%
Brazilian FinTech firms are reportedly grappling with a surge in loan defaults, leading to a crisis in the asset-backed credit market. The delinquency rates on unsecured loans offered by companies like Open Co, Nexoos and Gyra+ have exceeded 60%, prompting measures such as mergers, downsizing expansion plans and asset sales, Bloomberg reported Monday (March 27).
As warmer weather signals the beginning of spring, it may be time to tidy up your finances. Many Americans use personal loans to apply spring-cleaning principles to their finances in the form of debt consolidation. Though some choose to lean on a balance transfer credit card with a low promotional rate, others are clearing out
UnitedHealth has reportedly stepped up its loan offerings to diverse healthcare providers, including physicians, hospitals, and allied organizations. This initiative aims to ease the financial strain from the pandemic and reduce disparities in healthcare. The expanded loan program is anticipated to enhance the recipients’ operational abilities and allow UnitedHealth to invest in a more diverse
Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. Key takeaways Addressing wedding debt early on in a marriage is crucial for reducing stress and building a strong foundation for the relationship. Monetary wedding gifts, the debt snowball or avalanche