Credit & Debt

Holiday shopping is expected to increase by 7% to nearly $1.3 trillion, a new forecast says. Here’s how to stay on track with your finances this holiday season.

President Biden's latest extension of the student loan repayment pause could cost taxpayers another $40 billion, according to the nonpartisan Committee for a Responsible Federal Budget.

The application rate for credit cards rose in October to 27.1% as more Americans anticipated struggling to come up with $2,000 for an unexpected expense.

Total household debt increased by more than $300 billion across credit cards, mortgages and more in the third quarter of 2022, according to the latest New York Fed report. Here's what you can do if you're struggling with debt

The Federal Reserve Bank of New York reported credit card balances surged 15% year-over-year in the third quarter, the highest jump in over two decades.

A federal appeals court on Monday blocked the Biden administration's student debt relief plan, the second such blow in a matter of days

The federal government's Student Aid debt forgiveness has ceased accepting applications after a federal judge in Texas deemed the program unconstitutional.

Consumers are leaning on credit cards and personal loans in an effort to offset the financial pressures caused by high inflation and high interest rates.

The Supreme Court on Tuesday received an emergency application from a legal group for an injunction on President Joe Biden's student loan handout program.

Social Security recipients will see the largest benefits increase in 40 years in 2023. Here’s what that means for your retirement savings plan.

The Federal Housing Finance Agency (FHFA) announced Monday at the Mortgage Bankers Association’s annual conference that it will begin the implementation process for two new credit scoring models for mortgages. This marks the first update to credit scoring models in 20 years and makes homeownership more accessible.

Ramsey Solutions personal finance experts Dave Ramsey and George Kamel joined "Fox & Friends" and shared tips with Fox News Digital on how to live without credit cards amid high interest rates and inflation.

Consumers are still spending, American Express CEO Stephen Squeri said, despite the fact that inflation remains high and interest rates continue to rise.

The online application portal for Biden's student loan forgiveness program officially rolled out Monday, however, some borrowers are not eligible for relief.

Credit card debt affects nearly half the country and the average American has an outstanding balance of more than $6,000, according to a recent survey. Here's how you can pay off your credit card debt quickly.

The Swiss bank's debt buyback plans come in an effort to calm market jitters related to its financial health. Credit Suisse shares jumped more than 10% on Friday.

Amid today's latest Federal Reserve rate hike plus high inflation, personal finance expert and author Dave Ramsey shared advice for American consumers about getting their credit card balances down.

A new film from Netflix, "Get Smart with Money," follows four Americans as they struggle with financial issues. FOX Business spoke with producer Kristin Lazure about the money-focused documentary.

High inflation already sparked a surge in credit card debt, but now data shows consumers are increasingly using 'buy now, pay later' loans for essentials.

The U.S. has $30.9 trillion in national debt, including $24.3 trillion held by the public and $6.6 trillion in intragovernmental holdings, according to Treasury Department data.