July 2022

Household credit card borrowing rose in June at the fastest annual rate since 2005, while the amount of money deposited in accounts fell.Commentators said the figures, released by the Bank of England, reflect the challenges faced by…

US real gross domestic product (GDP) shrank at an annual rate of 0.9% in the second quarter (Q2) of this year, according to the "advance" estimate released by the Bureau of Economic Analysis (BEA) . In the first quarter, real GDP fell…

The US economy contracted between April and June this year, marking the second consecutive quarter of declining economic activity - a sign that the United States could be on the verge of a recession. The country's gross domestic…

Some credit card holders with low credit scores and high APRs could find themselves in a deeper financial hole due to the Federal Reserve's latest interest rate decision. “Higher interest rates mean the cost of using credit is more…

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By early 2022, Americans had racked up more than $1 trillion in credit card debt, but not every state has…

SAN JOSE, Calif.--(BUSINESS WIRE)--Credit cards can offer added convenience and security to your everyday spending, and many even offer sign up bonus and rewards to add even more value. But if you're not careful, it can be easy to get…

CHICAGO (WLS) -- Young adults, especially those in their 20s, may be more likely to take on deep debt as inflation grips the country. This age group also faces the challenges of repaying college loans and lower-paying first jobs.But even…

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as "Credible", is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us…

Davidson said while smaller homes require less materials, the volume of those properties in the construction pipeline suggests demand for materials and labor will continue to be high. CoreLogic's construction cost estimator, John…

The cost of building a new home is rising at its fastest rate on record, due to ongoing labor and material shortages. Photo: 123RF Real estate research firm Core Logic's Cordell Construction Cost Index (CCCI), which measures the…

If you have debt on multiple credit cards, credit card debt consolidation is one strategy that can help you get your financial life under control. In fact, credit card debt consolidation can ease your stress in two ways. First, you'll make…

APY is short for "Annual Percentage Yield", which is a number that indicates how much interest a bank account, such as a certificate of deposit, earns in a year. The higher the APY, the more you earn.What does APY mean?APY is a key feature…

Federal Reserve rate hikes drive up credit card interest rates, meaning it's more expensive to get into debt and getting out of it could take longer.Part of the problem is that credit card balances have grown thanks to inflation. Credit…

The consumer price index jumped 1.3% in June Year-over-year CPI climbs 9.1%, biggest rise since 1981 Core CPI increases by 0.7%; up 5.9% year on year REUTERS:!-->…

US inflation rate hits 9.1% in June 2022, highest rise since November 1981 WASHINGTON, USA – Consumer prices in the United States jumped 9.1% in June, the largest annual increase in more than four decades amid…

WASHINGTON It's the worst debt to carry in good times. It can be oppressive when the economy is struggling with high inflation, a plummeting stock market and rising interest rates. Do you have credit card debt? Now is the time to come up…

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as "Credible", is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us…

NORFOLK, Virginia - The cost of living exceeds many people's income. With inflation and high interest rates, paying off debt can be difficult.Heather McAfee, a former Suffolk resident, understands this firsthand. The mother-of-two said…

This summer is the perfect time to start the road to financial freedom by paying off credit card debt and mastering longer-term loans once and for all. Let us show you strategy after debt repayment strategy, so you'll have…