Former Fed official on interest rate hikes: Debt service is ‘the real problem’
Former Federal Reserve Vice Chair Randal Quarles argues while the Fed will get on top of inflation, the increased cost of debt service will cause financial disruption.
What to do if your personal loan application is denied
If your personal loan application is denied, learn some steps you can take to boost your chances of success the next time you apply.
Biden administration canceling $6 billion in student loan debt for 200,000 borrowers
About 200,000 people will have roughly $6 billion worth of student loan debt canceled under a deal reached by the Biden administration this week.
How to use a home equity loan for debt consolidation
A home equity loan can be an effective tool to pay off debt and save money on interest in the long run. Learn how to use one for debt consolidation.
3 in 4 online shoppers experience buyer's remorse, survey says
Online shopping can result in impulse purchases and the temptation to overspend, keeping consumers from meeting their financial goals, according to a new survey.
Here's how to stay debt-free after credit card consolidation
Make the most out of your debt repayment plan by taking these simple financial steps after credit card consolidation.
Why experts are warning consumers should pay off their credit card debts sooner rather than later
Bankrate.com senior analyst Ted Rossman advises consumers to pay off credit card debt soon as "things change fast" amid recession fears and interest rate hikes.
What you need to know about Experian's 'specialty' BNPL credit bureau
Experian will soon begin reporting buy now, pay later payments, but it won't affect your credit score. Here's how it works.
How does debt consolidation work?
Debt consolidation works by combining multiple debts into one. It can lower your interest rate and help you get out of debt sooner. Learn more.
Inflation causing more Americans to increase their credit balance, TransUnion study says
Some consumers have increased their credit card usage as prices rise but they are also paying down more of their debt, according to a TransUnion study.
Rand Paul unveils plan to slash federal spending over next 5 years to balance budget
Republican Sen. Rand Paul on Monday introduced a new bill that calls for a balanced budget over the next five years with a series of spending cuts.
How to pay off credit card debt: 6 winning strategies
Wondering how to pay off credit card debt? Discover these six tried-and-true strategies that can help you pay down your balances and become debt-free.
Can you build credit fast? 8 tips to get you started
If you’re wondering how to build credit fast, these 8 strategies can get your credit-building journey off to a solid start.
Consumers prefer using BNPL for vet & dental care, according to survey
Some consumers are eager to use buy now, pay later options for their vet or dental care, according to a new survey.
White House denies Biden is at fault for inflation
The White House Tuesday refused to say President Biden's policies contributed to inflation while arguing student loan fortivenenss would have a "quite small" impact on inflation.
How to negotiate credit card debt
If you’re drowning in credit card debt, you might be able to settle with your creditors for less than you owe. Learn how to negotiate credit card debt.
Idaho officials blast S&P, warn ESG credit indicators in ratings 'subjective way to penalize' states
Idaho’s governor, lieutenant governor, treasurer, national lawmakers, and state legislature leaders all signed the Thursday letter missing minced words to S&P CEO Douglas Peterson and president Martina Cheung.
Russia barrels closer to debt default as US prepares to block bond payments
Russia has so far managed to pay its foreign debt obligations, despite a raft of financial sanctions from the U.S. and its European allies over Moscow's invasion of Ukraine.
Household debt surges to more than $15 trillion in Q1, according to NY Fed
Americans are continuing to borrow more money even as interest rates rise. Mortgages and student loan debt pushed debt balances higher in the first quarter of 2022.
How to improve bad credit in 10 ways
Building your credit can make it easier to get approved for financial products, and with a lower interest rate. Learn how to improve bad credit in 10 ways.