DETROIT – Imagine being turned down for a loan or paying higher interest rates due to errors on your credit report. It happens more often than you might think. And the negative consequences don’t stop ...
A “faulty” transfer of student loan accounts from Nelnet to Mohela in 2023 led to “millions of consumer credit reporting errors,” lawmakers say in a new letter to government agencies reviewed by CNBC.
There’s been a big uptick in consumer debt this spring. The Federal Reserve reports that consumer credit in April rose by nearly $18 billion, or 4.3% on an annualized basis. That was a lot more than ...
For decades, banks controlled consumer credit. They decided who got approved, at what rate, and on what terms. But in 2025, banks are no longer the first option. Private credit, once a fringe asset ...
Mortgage debt is the primary driver behind rising credit balances Consumer credit delinquencies have reached their highest level in five years, according to the January 2025 edition of CreditGauge ...
Total consumer credit rose $40.8 billion in December, after a $5.4 billion decline in the prior month, the Federal Reserve said Friday. In percentage terms, it is the biggest gain since June 2022.
The average U.S. credit score slipped nationwide, largely due to the resumption of federal student loan delinquency reporting on U.S. consumers’ credit reports, according to FICO. The scoring agency ...
NEW YORK, NEW YORK - JUNE 12: CEO of Chime, Chris Britt, center right, rings the opening bell during the company's initial public offering at the Nasdaq MarketSite on June 12, 2025 in New York City.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Spinwheel’s real-time consumer credit data and payments platform ...
U.S. credit card delinquencies and net charge-off rates increased month-over-month as consumer sentiment hit an all-time low.
The recent cut in short-term interest rates by the Federal Reserve could result in lower interest rates on credit cards, ...
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