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Who are the Millennials? Today we are surrounded by millennials. Maybe most of us are millennials. According to Pew Report, anyone born between 1981 and 1996 is considered a millennial and this age range makes them the largest cohort of adults in the world today. It’s huge! A generation of digital natives – we call …

The amount you pay for your mortgage depends on the risk the lender takes to provide you with the financing you will need to acquire your dream. If you are investing in real estate to generate rental income or a vacation home, you can expect to pay more than if you were buying a principal …

Borrowers who were wrongly sold loans they couldn’t afford by two companies that went bankrupt will get a little more back than they expected. Around 78,500 QuickQuid and Pounds to Pocket borrowers will be reimbursed some of the interest and fees charged to them at a rate of 53.5p for each pound due over the …

No matter how careful you are as a driver, accidents can happen. When they do, you want your vehicle repaired as quickly as possible – if it can be repaired, that is. Unfortunately, there is always the possibility of your vehicle being deemed a total loss, which creates a whole different set of circumstances for …

Payday lenders offer short-term loans and cash advances, but those products come with high interest rates that often lead to a debt trap, the CFPB found. (iStock) Payday lenders provide small loans that are repaid in one lump sum, usually on the borrower’s next payday. Although these loans can offer quick funding without a credit …

Michigan residents without financial resources spend about $3,000 on bank charges each year. Governor Gretchen Whitmer and the Michigan Open Account Coalition (MOAC) announced a low-cost account available to Michigan residents who are unbanked or underbanked. A Federal Reserve Report 2019 found that 22% of American adults are either unbanked or underbanked. The 6% of …

Today’s cash rate hike is expected to affect areas in Australia’s largest cities and a number of regional hotspots across NSW. Homeowners in NSW and Victoria are set to be hardest hit by the RBA’s historic interest rate hike, with affluent suburbs set to be hit hard by soaring interest rates. Finder compared average monthly …

On January 26, the Consumer Financial Protection Bureau issued a “Request for Information Regarding Fees Charged by Providers of Consumer Financial Products or Services.” In a contemporary statement, CFPB Director Rohit Chopra described the request for information as the start of “a new effort to help American families save billions of dollars in unwanted fees …