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Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We may receive a commission when you click on links to our affiliate partners’ products. The idea that your student loans have little impact on your credit score is a common myth. The two accounts …

Nebraska lawmakers sparred on Tuesday over a proposal that would allow installment lenders to raise their interest rates to 29% a year. Omaha Sen. Brett Lindstrom, who introduced LB510, touted the measure as a way to make capital more accessible to Nebraskas with less than perfect credit. He said these people have limited places to …

But Senator Justin Wayne of Omaha argued the proposal would allow installment lenders to prey on people without good credit records. He pointed out that no consumer had come to ask for the change. The only witness in support of the bill was OneMain Financial, a company offering installment loans. Other critics include Senator Carol …