‘Buy now, pay later’ borrowers falling behind on payments, report shows
Read full article: ‘Buy now, pay later’ borrowers falling behind on payments, report showsA new LendingTree survey shows a rising number of consumers are paying late on these short-term loans. LendingTree analysts are also revealing that more borrowers are relying on the option just to make ends meet.
Alabama man faces execution despite not pulling the trigger in auto store customer's death
Read full article: Alabama man faces execution despite not pulling the trigger in auto store customer's deathCharles “Sonny” Burton faces execution in Alabama for his role in a 1991 robbery in which a man was fatally shot, even though Burton did not fire the gun or witness the killing.
What the Federal Reserve rate cut means for you
Read full article: What the Federal Reserve rate cut means for youThe Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since September, bringing its key rate to about 3.6%, the lowest in nearly three years.
The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more
Read full article: The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and moreThe Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.
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Buy now, pay later options attracting shoppers
Read full article: Buy now, pay later options attracting shoppersBut right there at checkout, there is an option that lets you buy know and pay later, in four interest-free installments. Transparency and predictability is another plus, according to Schulz, because shoppers can see exactly how much they need to pay and when. A key thing to know about these payment options, according to Schulz, is that they are not all the same. For instance, some require payment once a month, but others require payment every two weeks. Even a short-term loan is still debt.