You Searched For "debt payment" and got 20 results
Sort By:
2 mins read
Millions of student-loan borrowers' payments are being 'wildly' mismanaged by a major servicer — and it might be time to terminate its contract, over 50 Democratic lawmakers say
Student-loan company MOHELA is facing two lawsuits over claims it mistreated millions of borrowers.…
Ayelet Sheffey
1 min read
Elon Musk is foreclosing on an LA home. The owners, who Musk lent money to, say they 'owe him such a spiritual debt.'
The house once belonged to the late actor Gene Wilder. His nephew bought the home from Musk in 2020…
Lian Kit Wee
2 mins read
30 million student-loan borrowers who were about to benefit from Biden's second try at broad debt cancellation are now facing the first lawsuit to block it
Seven GOP-led states have filed the first lawsuit targeting Biden's upcoming plan to cancel student…
Ayelet Sheffey
5 mins read
How a millennial couple went from $750,000 in debt to being on track to retire in their 40s
Disha Spath and her husband went from $750,000 in debt to an over $1 million net worth in a few yea…
Noah Sheidlower
2 mins read
A federal court just dealt a blow to 30 million student-loan borrowers by blocking Biden from carrying out his second try at broad debt cancellation
A federal court put a temporary restraining order on Biden's second try at broad student-loan forgi…
Ayelet Sheffey
3 mins read
Student-loan borrowers can expect more debt relief before Biden's term is up, a top White House House official says
White House chief of staff Jeff Zients told Axios that more student-loan forgiveness is coming for …
Ayelet Sheffey
4 mins read
A Gen Xer with a 6-figure salary and over $315,000 in debt can't afford a home: 'This country has failed us'
Shirin Tajani works two jobs, six days a week, but can't keep up with her student loan and credit c…
Ayelet Sheffey
5 mins read
A peak boomer fears she can't retire with $2,000 Social Security payments — and may have to move in with her sons
Becky Davenport, 61, fears she may never retire and might need to move in with her children — a fea…
Noah Sheidlower
2 mins read
More student-loan borrowers are getting debt cancellation through bankruptcy 2 years after Biden streamlined the process
The Justice Department announced that 98% of student-loan borrowers who requested bankruptcy relief…
Ayelet Sheffey
2 mins read
Some student-loan borrowers might get debt cancellation now that a major forgiveness program is back
The Public Service Loan Forgiveness program was paused in May as borrowers were transitioned away f…
Ayelet Sheffey
2 mins read
Some student-loan borrowers can now get a retirement savings boost if they make payments on their debt
A provision in Secure 2.0 that allows employers to put the amount of student-loan borrowers' paymen…
Ayelet Sheffey
3 mins read
I'm 30 and already have $50,000 in credit card debt. Declaring bankruptcy is my only way out.
The writer struggled financially in NYC, so she racked up $50,000 in credit card debt. Declaring ba…
Nicole Kempster
3 mins read
Student-loan borrowers on Biden's new repayment plan have 2 options to get credit toward debt cancellation while the program is blocked
With the SAVE plan blocked, student-loan borrowers have a couple of options to get credit toward de…
Ayelet Sheffey
4 mins read
Meet the Gen Xers and boomers retiring with 6 figures of student debt that threatens their Social Security and savings
Some Gen X and boomer student-loan borrowers are staring down a retirement crisis where their savin…
Ayelet Sheffey,Juliana Kaplan
3 mins read
A boomer living off Social Security is worried she'll lose lower student-loan payments through Biden's new plan: 'It seems like a war on the old and the poor'
Sue, 70, has $84,000 in student loans, and the SAVE plan helped her manage her payments. Now that i…
Ayelet Sheffey
3 mins read
Want to feel better about your finances? Do these 5 things right now!
Whether it is health, relationships or finances, each of these plays a very important role in our l…
3 mins read
A boomer helped pay for his daughter's college and her husband's student debt. He won't start gifting their inheritance until they curb their spending.
A boomer told BI he has helped his daughter and her husband pay for college and a home. He'd like t…
Kelsey Vlamis
3 mins read
A millennial dentist with $231,000 in student debt is worried he'll have to sell his home or get a second job if Biden's new repayment plan is axed
David, 30, isn't asking for student-loan forgiveness. He's just asking for affordable monthly payme…
Ayelet Sheffey
2 mins read
25 million student-loan borrowers could get up to $20,000 in debt wiped out under Biden's new debt relief plan
Biden unveiled details of his new student-loan forgiveness plan, which would get rid of any unpaid …
Ayelet Sheffey
2 mins read
Here’s how one can use the avalanche method to pay off lingering debts
One of the best debt payment strategies is known as the avalanche method. The process is simple. Yo…