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Don’t Be Fooled: Varo’s Line of Credit Is Just Another Buy Now, Pay Later Plan
CNET· 1 day agoVaro labels its new product a line of credit, but it’s actually a short-term installment loan that...
A Millennial's Guide to Credit Scores | Bankrate
Bankrate.com· 3 days agoWith an average score of 687, those born between 1981 and 1996 are often balancing installment loans in the form of student loans and mortgages and revolving credit like credit ...
Missouri Consumers Get a New Lending Option That's Stacked in Their Favor
Digital Journal· 5 days agoDES PLAINES, IL, May 20, 2024 /24-7PressRelease/ -- "If you're a family with limited financial means—living paycheck to paycheck—and an unexpected expense arises, what are you going to do?"
How to Use 'Buy Now, Pay Later' to Help (Not Hurt) Your Credit
Lifehacker· 4 days agoThe rise of "buy now, pay later" (BNPL) services has made it easy for consumers to take out small,...
Pros and cons of a cash-out refinance
Bankrate via AOL· 3 days agoYou pay back the funds in installments, usually at a fixed interest rate that’s lower than many other types of consumer lending options. HELOC: A home...
Buy Now, Pay Later Plans Must Follow Credit Card Rules, Says CFPB
CNET· 1 day agoAll your buy now pay later plans might soon be treated as credit card purchases -- at least as it...
How to pay off credit card debt in a year (or less)
CBS News· 2 days agoThe agency indicated earlier in the year that it would likely reduce the federal funds rate in 2024, but for now, it remains at a 23-year high. The...
Federal rules expanded to protect shoppers who buy now, pay later
CBS News via Yahoo Finance· 2 days agoUsage of the loans surged during the pandemic, helping to drive an online shopping boom, the CFPB...
How Did I Keep an 800+ Credit Score for 10 Years? My Secret May Surprise You
CNET· 4 days agoAs someone who writes about personal finance, you might assume I’ve always had my financial house in...
Lowry: Treat buy now, pay later loans like real debt
The Columbian· 5 days agoIt’s been close to two years since the Consumer Financial Protection Bureau indicated it was looking to tighten regulations on popular “buy now, pay later” services. It’s time to bring meaningful ...