Home Equity Loan Rates: A January 2024 Analysis
As of January 31st, the average home equity loan interest rate was 8.44%, almost three times lower than the average 23% credit card interest rate, due to home collateral. The Federal Reserve's paused rate cuts make further February decreases unlikely, but inflation drops could trigger lender rate re...
Home Equity Loan Rates: A January 2024 Analysis
As of January 31st, the average home equity loan interest rate was 8.44%, almost three times lower than the average 23% credit card interest rate, due to home collateral. The Federal Reserve's paused rate cuts make further February decreases unlikely, but inflation drops could trigger lender rate re...
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48% Bias Score
Australian Bank Fees Jump 5% as Cost of Living Crisis Drives Borrowing
Australian households paid almost 10% more in bank fees in 2023-24, driven by increased credit card and personal loan use amid the rising cost of living, leading to a 5% jump in bank fee revenue—the first annual increase in seven years.
Australian Bank Fees Jump 5% as Cost of Living Crisis Drives Borrowing
Australian households paid almost 10% more in bank fees in 2023-24, driven by increased credit card and personal loan use amid the rising cost of living, leading to a 5% jump in bank fee revenue—the first annual increase in seven years.
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20% Bias Score
AmEx Q4 Spending Surges 8%, Driven by Millennials and Gen Z
American Express reported an 8% year-over-year increase in card spending in Q4 2024, fueled by a 16% surge in transactions from millennials and Gen Z, exceeding growth in other age groups and exceeding expectations for goods and services.
AmEx Q4 Spending Surges 8%, Driven by Millennials and Gen Z
American Express reported an 8% year-over-year increase in card spending in Q4 2024, fueled by a 16% surge in transactions from millennials and Gen Z, exceeding growth in other age groups and exceeding expectations for goods and services.
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36% Bias Score
Medical Debt Removal from Credit Reports
The Biden administration finalized a rule to remove an estimated $49 billion in medical debt from the credit reports of about 15 million Americans, impacting credit scores and loan decisions, starting in 2025.
Medical Debt Removal from Credit Reports
The Biden administration finalized a rule to remove an estimated $49 billion in medical debt from the credit reports of about 15 million Americans, impacting credit scores and loan decisions, starting in 2025.
Progress
40% Bias Score
Home Equity Loans Offer Significant Savings Compared to Credit Cards and Personal Loans
Currently, home equity loans average 8.4% interest, significantly less than credit cards (23%+) and personal loans (12%+), offering substantial savings due to lower lender risk; a \$50,000, 10-year home equity loan at 8% costs \$22,800 in interest versus over \$36,000 for a similar personal loan.
Home Equity Loans Offer Significant Savings Compared to Credit Cards and Personal Loans
Currently, home equity loans average 8.4% interest, significantly less than credit cards (23%+) and personal loans (12%+), offering substantial savings due to lower lender risk; a \$50,000, 10-year home equity loan at 8% costs \$22,800 in interest versus over \$36,000 for a similar personal loan.
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56% Bias Score
High Retail Credit Card APRs Persist Despite Federal Reserve Rate Cuts
The CFPB reported that 19% of retail credit cards have APRs above 35%, despite Federal Reserve interest rate cuts, due to various factors including a lack of federal interest rate caps and independent margin setting by credit card issuers; the average APR for new cards offered by the top 100 retaile...
High Retail Credit Card APRs Persist Despite Federal Reserve Rate Cuts
The CFPB reported that 19% of retail credit cards have APRs above 35%, despite Federal Reserve interest rate cuts, due to various factors including a lack of federal interest rate caps and independent margin setting by credit card issuers; the average APR for new cards offered by the top 100 retaile...
Progress
40% Bias Score
Home Equity Loan Rates Remain Low Despite Fed Pause
As of January 31st, the average home equity loan interest rate is 8.44%, nearly three times lower than the average credit card rate of roughly 23%, primarily because homes serve as collateral. The Federal Reserve's pause in interest rate cuts makes further significant decreases in home equity loan r...
Home Equity Loan Rates Remain Low Despite Fed Pause
As of January 31st, the average home equity loan interest rate is 8.44%, nearly three times lower than the average credit card rate of roughly 23%, primarily because homes serve as collateral. The Federal Reserve's pause in interest rate cuts makes further significant decreases in home equity loan r...
Progress
32% Bias Score
AmEx Q4 Spending Surges 8%, Driven by Millennial and Gen Z Spending
American Express's fourth-quarter 2023 card spending surged 8% year-over-year, fueled by a 16% jump in transactions from millennials and Gen Z, exceeding growth from older demographics and indicating continued strength in travel and entertainment spending, particularly in premium segments.
AmEx Q4 Spending Surges 8%, Driven by Millennial and Gen Z Spending
American Express's fourth-quarter 2023 card spending surged 8% year-over-year, fueled by a 16% jump in transactions from millennials and Gen Z, exceeding growth from older demographics and indicating continued strength in travel and entertainment spending, particularly in premium segments.
Progress
36% Bias Score
Capital One Stock Rises on Discover Acquisition, Despite Rising Charge-Offs
Capital One's stock has risen 36% since early 2024, exceeding the S&P 500's performance, largely due to investor optimism surrounding its acquisition of Discover Financial, a deal expected to close in early 2025; however, rising charge-offs and delinquencies present a short-term risk.
Capital One Stock Rises on Discover Acquisition, Despite Rising Charge-Offs
Capital One's stock has risen 36% since early 2024, exceeding the S&P 500's performance, largely due to investor optimism surrounding its acquisition of Discover Financial, a deal expected to close in early 2025; however, rising charge-offs and delinquencies present a short-term risk.
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36% Bias Score
CFPB Sues Walmart, Holiday Sales Surge, Record Credit Card Debt
The CFPB is cracking down on unfair credit card practices, suing Walmart and Branch for allegedly forcing drivers into costly accounts, while holiday retail sales surged 3.8%, exceeding expectations; average U.S. credit card debt reached \$1.166 trillion.
CFPB Sues Walmart, Holiday Sales Surge, Record Credit Card Debt
The CFPB is cracking down on unfair credit card practices, suing Walmart and Branch for allegedly forcing drivers into costly accounts, while holiday retail sales surged 3.8%, exceeding expectations; average U.S. credit card debt reached \$1.166 trillion.
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16% Bias Score
Turkey's Delinquent Consumer Debt Surges 135.1%
Delinquent consumer loans and credit cards debt in Turkey increased by 135.1% year-over-year to 105.48 billion Turkish lira by December 13, 2023, driven by high inflation impacting fixed-income households, according to economist Şenol Babuşcu who predicts further increases by 2025.
Turkey's Delinquent Consumer Debt Surges 135.1%
Delinquent consumer loans and credit cards debt in Turkey increased by 135.1% year-over-year to 105.48 billion Turkish lira by December 13, 2023, driven by high inflation impacting fixed-income households, according to economist Şenol Babuşcu who predicts further increases by 2025.
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40% Bias Score
Airline Credit Card Comparison
This article compares various airline credit cards, highlighting rewards, fees, and additional perks to help readers choose the best option based on their travel habits.
Airline Credit Card Comparison
This article compares various airline credit cards, highlighting rewards, fees, and additional perks to help readers choose the best option based on their travel habits.
Progress
36% Bias Score