A hub for independent voices and hard truths
by confoundedinterest17 We are seeing the aftermath of the Federal government’s fiscal response to the Covid outbreak of 2020. Home prices exploded following The Federal government’s spending spree. The end result? US housing is simply unaffordable for millions of households. Not really …
Recent reports (e.g., their Feb 11 piece on $1.28T credit card debt) note record balances and rising delinquencies. NY Fed data (Q4 2025) show overall household delinquency at 4.8%, the highest since 2017, up from pandemic lows. Credit card 90+ …
US student borrowers who were steered into costly forbearances from affordable repayment plans by former federal loan servicer Navient could soon receive a check in the mail more than a year after the Consumer Financial Protection Bureau (CFPB) reached a …
🚨 BREAKING: 🇺🇸 SBA investigators report uncovering $8.6 billion in fraudulent loans in California. The agency says over 111,000 borrowers were involved. In Minnesota, nearly 7,000 borrowers allegedly defrauded $400 million.pic.twitter.com/2mJcqIqWQ4 https://t.co/SZjlFQrwTp — Mario Nawfal (@MarioNawfal) February 20, 2026 Factcheck: …
Roughly a million borrowers defaulted on their federal student loans late last year, with millions delinquent on their payments and sliding toward the same fate. That’s according to federal data and the latest Household Debt and Credit Report from the …
US student loan delinquencies are exploding: The number student loan borrowers that are severely delinquent is up to a record 3.62 million. The number of federal loan recipients 271+ days past due is now 8 TIMES higher than the pre-2020 …
The Trump administration will start garnishing the wages of student loan borrowers in default in early January, a spokesperson for the U.S. Department of Education confirmed to CNBC on Tuesday. It will be the first time a portion of borrowers’ …
The company has 114 million active consumers, with 27 million new active users in the prior three months. However, while Klarna is attracting more customers, the company’s average revenue per user fell about 10%. Klarna’s actual loan losses improved slightly …
🚨🚨🚨🚨🚨Why This Is Dangerous:– The CMBS delinquency surge shows credit deterioration = actual defaults!– The FDIC unrealized loss chart shows valuation deterioration/paper losses👇– Both stem from higher interest rates and falling asset prices, meaning the stress isn’t… pic.twitter.com/EXMXRBrJ9q — James …
Institutional knows when to bail. They milked the housing game for all it was worth. Now we get to watch inventories rise as retail is left holding the bag. https://t.co/DWGLugCHZk — QE Infinity (@StealthQE4) October 21, 2025 🚨 *IT'S `PARTY …
American did all the right things. She went to school, became a Registered Nurse, she has $0 debt and an 808 credit score She just called trying to get a mortgage, she cant afford a mortgage payment If someone like …
Loan Balance by Borrower Status in the BILLIONS. pic.twitter.com/c9Gp8NZpwj — Amanda Goodall (@thejobchick) June 14, 2025
Today, the feds start collecting on 5 million+ defaulted student loan borrowers with collections. We have a 20.5% delinquency rate (90 days+) – highest ever recorded (TransUnion) Tax refunds will be seized through the Treasury Offset Program. Social Security benefits …
Student loan collections are resuming on May 5th, with wage garnishment and tax refund seizures starting soon after. US Press Secretary Karoline Leavitt said: “The government can and will collect defaulted federal student loan debt by withholding tax refunds, federal …
When banks stop lending to the public, the consequences will be seismic. What happens when Banks stop Lending to the Public 🤔 Since Silicon Valley Bank failed in March of 2023, more than 50% of all the new🔵Loans and Leases …
Full source is here: https://www.fitchratings.com/structured-finance/abs/auto-indices#chinese-auto-indices
Struggling student loan borrowers can see if they qualify for a deferment or forbearance, experts say. If you’re out of work, you can request an unemployment deferment with your servicer. If you’re dealing with another financial challenge, meanwhile, you may …
A recent survey by the Consumer Financial Protection Bureau (CFPB) reveals the stark realities many federal student loan borrowers are facing. Between October 2023 and January 2024, 30% of borrowers reported going without essentials like food or medicine due to …
Tweet: NEWS: Auto loan delinquencies keep climbing Subprime delinquencies (FICO: 580–669) jumped 26 basis points to 5.17% in Aug. Even prime loans (660–719) saw a slight uptick to 0.50% overdue. The reason? Consumers with auto loans originated in the past …
A student loan forgiveness update will be rolled out in the next week by the Biden administration, coming less than 100 days before the presidential election. Emails will be sent to millions notifying them they could qualify for debt relief …
After an unprecedented three-year timeout on federal student loan payments because of the pandemic, millions of borrowers began repaying their debt when billing resumed late last year. But nearly as many have not. That reality, along with court decisions that …
WASHINGTON (AP) — The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs. The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student …
In the United States, federal student loans are typically guaranteed by the government. This means that if a borrower defaults on their federal student loan, the government steps in to ensure that the lender (usually a private financial institution) does …
Chinese borrowers default in record numbers as economic crisis deepensMore than 8mn people are blacklisted by authorities after missed payments on mortgages and business loans. Defaults by Chinese borrowers have surged to a record high since the outbreak of the …
The signs of an impending auto loan debt crisis are becoming increasingly apparent, as noted by AutoMoBlog. Wall Street’s lucrative practice of selling car loans to individuals with limited capacity to repay is fueling concerns, mirroring practices reminiscent of the …
Remember when they told you that it was subprime borrowers that caused the 2008 housing crisis? They lied https://t.co/8MmwYOoN70 pic.twitter.com/UO2J54qSEJ — Darth Powell (@VladTheInflator) November 5, 2023
Subprime is a fancy word for sh*t credit score. h/t Mayhem4Markets
As Americans grapple with average monthly payments of $500 for student loans and $740 for new cars, resulting in the average American spending a staggering $1,240 each month just to finance a car and manage student debt, with delinquency rates …
The Canadian 10-year interest rate has reached a new 52-week high, driven by a recent surge in inflation. In response to this economic climate, the Royal Bank of Canada, the nation’s largest mortgage lender, has disclosed concerning data about its …
Half plan to default ☝️ But, Younger people drove the spending over summer 👇 pic.twitter.com/9QpEOcST4v — Win Smart, CFA (@WinfieldSmart) September 18, 2023 This situation could be quite concerning for several reasons: Credit Score Damage: When people default on their …