Ease of access, freedom to choose in which to invest the money and lines of credit designed according to the needs of consumers, are some of the characteristics that have made consumer credit one of the most important financing products in the world’s market.

Aug 03, 2021 03:39 AM EDT

Bank credit officers are more likely to approve loan applications earlier and later in the day, while 'decision fatigue' around midday is associated with defaulting to the safer option of saying no.

Jun 28, 2021 01:55 PM EDT

After graduating or leaving college, many students face a difficult choice: Try to pay off their student loans as fast as possible to save on interest, or enroll in an income-based repayment plan, which offers affordable payments based on their income and forgives any balance remaining after 20 or 25 years.

Jun 28, 2021 01:34 PM EDT

New research led by the University of East Anglia (UEA) reveals how easy it is for consumers to understand the language used on personal finance websites.

Jun 28, 2021 12:53 PM EDT

Last winter, Goldman Sachs reported it was working to make things better after a group of junior analysts revolted against 100-hour work weeks.

Jun 28, 2021 12:46 PM EDT

Wealth creation is something that everyone aspires to do. Every budget made or financial planning done aims to create wealth using different strategies such as cutting cost to save more, investing in instruments which has higher returns, investing for a longer duration and much more.

Jun 28, 2021 11:35 AM EDT

The ongoing COVID-19 pandemic has brought in a lot of challenges for one and all.

Jun 28, 2021 11:32 AM EDT

People can automatically assume that someone who gives less money to charity is less generous, according to new research.

Jun 25, 2021 12:52 PM EDT

People Globally Return 'Lost' Wallets More As Money Increases

Jun 25, 2021 12:39 PM EDT

Nice people may be at greater risk of bankruptcy and other financial hardships compared with their less agreeable peers, not because they are more cooperative, but because they don't value money as much, according to research published by the American Psychological Association.

Jun 25, 2021 12:35 PM EDT

Children learn more about finances from their parents than any other source, previous research has shown. The process through which parents impart this knowledge onto their children is known as "financial socialization."

Jun 25, 2021 12:28 PM EDT

Entrepreneurial motivation is important to economic growth because entrepreneurs create companies that produce new products and services, which in turn, boost productivity.

Jun 22, 2021 06:24 PM EDT