Discover Financial Services on Wednesday reported a 68% drop in first-quarter profit, as the lender set aside more in rainy-day funds to cover for potential credit losses amid an uncertain economy.

Car insurance firms are dramatically overcharging monthly customers with extra interest charged to motorists described as a "tax on the poor".

CIBIL score is a key factor in the loan application process. Having a good credit score by managing your finances responsibly and making timely repayments can raise your chances of loan approval and ...

Bad debts held by local banks inched up in February compared with a year ago, as the high interest rate environment continued to weigh on borrowers’ ability to pay their ...

For individuals who are underbanked, they can be the safest short-term option to secure funds in an emergency.

All stages of credit card delinquency — 30, 60 and 90 days past due — rose during the fourth quarter of 2023 to the highest level since 2012, when the Fed began tracking the data.

Zions' (ZION) top line is likely to grow given the solid loans and deposit balances, fee-income strength, high rates and asset-yield repricing. However, mounting expenses and weak asset quality are ...

The 10 Kenyan-listed banks set aside an extra Sh46.6 billion in the year ended December as a precaution to cover expected credit losses as loan defaults soared last year. According to an analysis of ...

In today's fast-paced world, the need for quick financial solutions has led to the rise of instant loan apps. These apps offer convenien..|News Track ...

Your credit score is determined by your credit history. Your credit history is made up of total levels of debt, how you repay your debt, how long you have had the debt, the balance owed on your debt, ...

Bank of England interest rates also influence the amount charged on credit cards, bank loans and car loans. Lenders could decide to put their rates up, if they expect higher interest rates from the ...

Interest rates remained elevated in Q1. The average annual percentage rate (APR) for new vehicles was 7.1% in Q1 2024, marking the fifth consecutive quarter this figure has remained above 7%, while ...