Credit & Debit

Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.

A Fitch Ratings analyst warned the agency may be forced to downgrade dozens of U.S. banks, including major lenders like JPMorgan Chase and Bank of America.

Credit card debt increased to a record high in the second quarter as total household debt reached $17.06 trillion. And the Fed’s interest rate hikes to lower inflation could impact what consumers pay for credit. But there are multiple ways to pay off high-interest debt.

Three U.S. voters react to America's credit rating slipping under the Biden administration and warn of a "detrimental" Bidenomics impact "killing" the economy.

American Express said on Friday it took in a record $15.1 billion over the second quarter as card members spent more on its credit cards. Its results beat Wall Street estimates.

Americans saw their credit scores surge during the pandemic, but new data shows many of those same borrowers have started to see their scores slip back to previous lows.

The U.S. housing market could tumble into a deep freeze if Congress fails to raise the debt ceiling by June 1 and defaults on its financial obligations.

For the first time, teens between the ages of 13 and 17 years old will be able to have their own Venmo account. However, they will come with various parental controls.

New York Federal Reserve data released Monday shows household debt hit a fresh record in the first quarter of 2023 as high inflation squeezes Americans.

Nearly half of Americans (46%) said they would also consider BNPL an alternative financing method to credit cards or cash, according to a recent survey.

JPMorgan Chase CEO Jamie Dimon on Thursday urged Congress to raise the debt ceiling, warning a default has "catastrophic" implications for the economy.

Upheaval within the banking sector has raised the risk of a "credit crunch" in the U.S., which would make lending standards drastically more restrictive.

Bankrate.com senior industry analyst Ted Rossman discusses the evolution of "buy now, pay later" and the risks posed to consumers.

The decision to close a credit card can be sparked by streamlined finances or wasted benefits, but there are also some negative factors to be considered.

An NFIB survey of small businesses found that more owners are having difficulty getting a loan after the collapse of Silicon Valley Bank in early March.

Increasing your credit spending limit allows you more spending power, but introduces more risks. Requesting a high credit limit isn't difficult, but there are factors to consider.

Apple announced the soft launch of its long-awaited buy now, pay later service option for Apple Wallet.

Upheaval within the banking sector has raised the risk of a "credit crunch" in the U.S., which would make lending standards drastically more restrictive.

Apple launched its own buy now, pay later service, which will allow users to spread out payments without interest amid a time when uncertainty around the economy grows.

Upheaval within the banking sector has raised the risk of a "credit crunch" in the U.S., which would make lending standards drastically more restrictive.