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Money mind Our mission is to provide valuable insights on credit, debt, and financial opportunities.

Making the right moves to plan your financial future focuses on paying off your debt. For some people, it's an uphill ba...
02/04/2024

Making the right moves to plan your financial future focuses on paying off your debt. For some people, it's an uphill battle because of how they approach their monthly expenses.

Paying down debt can improve someone’s credit score and open opportunities for financial milestones like a house or car. WSJ’s Bourree Lam and Julia Carpenter, authors of “The New Rules of Money,” join host J.R. Whalen to discuss the importance of tracking your interest rates when choosing d...

In a survey of 1,000 American adults conducted by Tebra, a medical practice management company, 25% of respondents repor...
02/03/2024

In a survey of 1,000 American adults conducted by Tebra, a medical practice management company, 25% of respondents reported that they’d had unpaid medical bills show up on their credit reports.

New proposed CFPB rules could prevent medical debt from showing up on credit reports altogether. A new survey reveals how consumers feel about proposed changes.

Inflation in the US and other major economies has slowed sharply over the past year as energy prices retreated from reco...
02/02/2024

Inflation in the US and other major economies has slowed sharply over the past year as energy prices retreated from record highs.

The battle to tame rising prices is not yet won, and the risk that inflation could spike again is growing as disruption to one of the world’s main trade routes persists.

Shares of Discover Financial Services fell 5% in after-hours trading Wednesday after it released its fourth-quarter earn...
02/01/2024

Shares of Discover Financial Services fell 5% in after-hours trading Wednesday after it released its fourth-quarter earnings report, missing Wall Street's projection for per-share profit.

Shares of Discover Financial Services fell 5% in after-hours trading Wednesday after it released its fourth-quarter earnings report, missing Wall Street's projection for per-share profit. The company reported that its credit cards' charge-off rate—the percentage of outstanding debt that credit ca

The energy tax credit registration portal is open for business. Taxpayers can now begin the process to receive a registr...
01/31/2024

The energy tax credit registration portal is open for business. Taxpayers can now begin the process to receive a registration number, which is required to claim a transferred credit or receive an elective payment.

Marie Sapirie examines the IRS’s new registration portal for transferring energy tax credits and receiving elective payments.

Last year, taxpayers saw the phase-out of pandemic-era tax breaks and the return to pre-COVID amounts for popular credit...
01/30/2024

Last year, taxpayers saw the phase-out of pandemic-era tax breaks and the return to pre-COVID amounts for popular credits like the earned income tax credit and child tax credit.

Here's everything you need to know about the child tax credit, student loan forgiveness, and Venmo reporting requirements this tax season.

While the typical terms might break a purchase into four equal interest-free payments, not all buy now, pay later loans ...
01/29/2024

While the typical terms might break a purchase into four equal interest-free payments, not all buy now, pay later loans work that way.

"Buy now, pay later" loans can be hard to track, making it easier for more households to get in over their heads, some experts say.

Real bond yields (that’s the return on US Treasuries minus inflation) are near six-month lows. And financial conditions ...
01/28/2024

Real bond yields (that’s the return on US Treasuries minus inflation) are near six-month lows. And financial conditions are easing as borrowing costs decline, which may help economic growth.

The glass is half full on Wall Street. But should it be?

People may feel like debt is a burden on them, but not all debt is necessarily a negative burden, right?
01/27/2024

People may feel like debt is a burden on them, but not all debt is necessarily a negative burden, right?

Paying down debt can improve someone’s credit score and open opportunities for financial milestones like a house or car. WSJ’s Bourree Lam and Julia Carpenter, authors of “The New Rules of Money,” join host J.R. Whalen to discuss the importance of tracking your interest rates when choosing d...

Nearly half, or 49%, of card holders carry credit card debt from month to month on at least one card, up from 46% last y...
01/26/2024

Nearly half, or 49%, of card holders carry credit card debt from month to month on at least one card, up from 46% last year, the report found, and 56 million cardholders have been in debt for at least a year.

A summary of what took place this week in the credit card and payment industries

After a tech-driven rally pushed the market to new record highs, earnings in other sectors served as the key market move...
01/25/2024

After a tech-driven rally pushed the market to new record highs, earnings in other sectors served as the key market movers on Tuesday.

The benchmark average hit a record high as investors turned to a fresh set of corporate earnings for direction.

Those plans are supposed to lead to debt forgiveness after a set period, but historically, this hasn’t always happened b...
01/24/2024

Those plans are supposed to lead to debt forgiveness after a set period, but historically, this hasn’t always happened because loan servicers failed to keep track of borrowers’ payments, experts say.

The Biden administration announced Friday it would forgive $4.9 billion in student debt for 73,600 borrowers.

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