Essential Insights to Remember Refinancing federal loans strips away government safeguards, so consider the trade-offs carefully. Snagging an autopay discount is a low-effort way to trim your interest without altering loan terms. Cosigners stay on the hook for the debt even after you refinance. Millions of Americans have dipped into student loans to cover college… Read More »
Key Insights at a Glance Passbook loans are secured borrowings where your savings balance acts as the safety net. These loans can serve as a handy tool to nab cash while boosting your credit score since certain lenders report to credit bureaus. Watch out: your savings are locked until you settle the debt, and you’ll… Read More »
Key Insights to Keep in Mind Although auto loan interest rates aren’t directly dictated by the Federal Reserve, its policies heavily influence lenders’ borrowing expenses. The Federal funds rate, trimmed thrice in 2024, has remained steady throughout 2025, resting currently between 4.25% and 4.5%. Despite vehicle prices stabilizing somewhat, elevated interest rates have effectively canceled… Read More »