Loans & Lending
Auto loans, personal loans, student lending, BNPL services, lending rates, approval requirements, and borrowing strategies.
Latest in Loans & Lending
A bank personal loan averaged 11.86% last quarter, about 9 points below the 20.94% charged on credit card accounts, the Fed says
A 24-month personal loan at commercial banks carried an average rate of 11.86% in the second quarter, about 9 points below the 20.94% on credit...
A five-year new-car loan from a bank averaged 7.14 percent in the second quarter, the Fed says
A driver taking out a typical five-year loan on a new car paid an average 7.14% interest rate at commercial banks in the second quarter,...
U.S. Bank raised its prime lending rate to 7 percent on September 17
The prime lending rate that sets pricing on most variable-rate credit cards and home equity lines of credit rose to 7.00% on September 17, when...
Californians harmed by subprime auto lender Credit Acceptance will get $6.86 million in restitution and debt relief
California’s attorney general says the state’s consumers will collect $6.86 million in restitution and debt relief from subprime auto lender Credit Acceptance Corporation, the state’s...
August brought 40,277 U.S. foreclosure filings, up 13% year over year
A total of 40,277 U.S. properties had a foreclosure filing in August, up 13% from a year earlier and 1% from July, according to ATTOM’s...
Completed foreclosures rose 42% from a year earlier in August
Lenders completed foreclosures on 5,794 U.S. properties in August, up 42% from a year earlier and 22% from July, according to ATTOM’s August 2026 U.S....
Credit Acceptance borrowers with certain new loans could get a 95% debt off-ramp
Borrowers who take out certain high-risk car loans from Credit Acceptance Corporation starting in December 2025 could have 95% of their debt wiped out if...
Credit Acceptance will erase more than $630 million in auto-loan debt
Credit Acceptance Corporation, one of the country’s largest subprime auto lenders, will forgive more than $630 million in auto-loan debt under a settlement with a...
Americans 65 and older carry rising student-loan debt, and Washington can garnish their benefits
Nearly 9.6 million federal student-loan borrowers were in default as of March 2026, and an estimated 452,000 of them are Social Security recipients whose monthly...
Switching to the Repayment Assistance Plan costs borrowers the PSLF buyback and adds a decade to forgiveness
The Repayment Assistance Plan, the federal government’s newest income-driven option for federal student loans, took effect on July 1, 2026, becoming the default track for...
SAVE borrowers who pick nothing get moved to the standard plan with a payment due in October or November
Federal student loan servicers began mailing 90-day notices on July 1, 2026, to more than seven million borrowers still enrolled in the SAVE repayment plan,...
Auto-loan delinquencies hit a record 5.5%, the worst since the Great Recession
The auto loan delinquency rate climbed to a record 5.5% in the second quarter, edging past the 5.3% peak set during the depths of the...
Heirs of a reverse-mortgage borrower have limited time to repay or sell before foreclosure
When a reverse-mortgage borrower dies, the loan does not simply pass to whoever inherits the house; it becomes immediately due and payable, and a clock...
A total and permanent disability discharge can wipe out federal student loans for disabled borrowers
A federal loan discharge that erases a borrower’s entire remaining student debt is available to anyone certified as totally and permanently disabled, and most people...
Nine on-time payments can pull a defaulted student loan out of default
Nine on-time monthly payments, spread across a ten-month window, can lift a federal student loan out of default and erase the record of that default...
Defaulting on a federal student loan can also seize a tax refund and wages, not just a check
The federal government has two tools that can take money directly from a borrower who defaults on a federal student loan: intercepting a tax refund...
Applying for a mortgage can unleash a flood of calls from lenders who bought your data
Filing a mortgage application can set off a barrage of phone calls, texts, and mailers from lenders the applicant never contacted, sometimes within hours of...
Buy-now-pay-later loans now show up on credit reports and can move a retiree’s score
Buy-now-pay-later plans that split a purchase into four interest-free payments spent years invisible to the credit system, appearing on no report and in no score....
About 7.5 million borrowers in the canceled SAVE plan must pick a new repayment plan or stall their loan forgiveness
The end of the SAVE student-loan plan has pushed about 7.5 million borrowers into a repayment decision with consequences beyond the next monthly bill. The...
Thirteen people were charged in August 2025 in a scheme that drained more than $5 million from over 400 older Americans
A federal case announced in August 2025 shows how a familiar “grandchild in trouble” call can become an organized cash-collection operation. Prosecutors charged 13 people...