NY Fed: Household debt grew by $1 trillion in 2021, most since before the Great Recession
Growing household debt is driven by higher prices on consumer goods, including homes and cars, according to the New York Fed.
GOP lawmaker's bill would prevent members of Congress from canceling their own student loans
A Republican lawmaker introduced legislation that would prevent members of Congress from personally benefiting from student debt cancelation decisions made during their tenure.
The average wedding costs $28K, study says: Here are 3 ways to pay
Couples who married in 2021 paid an average of $266 per guest, according to a new study from wedding website The Knot.
5 ways to use your tax refund strategically
Taxpayers received an average tax refund of nearly $3,000 in 2021, according to the IRS, and it's possible to use this cash windfall to improve your financial situation.
Average consumer will spend $175 on Valentine's Day gifts, data shows
A new survey exploring Valentine's Day shopping trends and statistics found a historic level of consumer spending in 2022.
32% of Americans are keeping a financial secret from their partner, survey claims
A new survey from TD Bank claims that nearly a third of couples experience financial infidelity, like hiding a large purchase or holding secret debts.
Credit card consolidation may save you thousands as personal loan rates are at record lows
Borrowers with a good credit score may be able to save thousands by consolidating credit card debt into a new loan.
Personal loan lenders will accept more subprime borrowers in 2022, TransUnion says
Personal loan originations are expected to rise 11% in 2022 among non-prime borrowers with fair or bad credit scores, according to TransUnion.
Here's how paying off $10K in credit card debt with a personal loan could save you thousands
Compared with credit cards, personal loans offer lower interest rates and more favorable repayment terms.
Should you take out a bill consolidation loan?
Taking out a bill consolidation loan can make managing your bills easier and potentially lower your monthly spending. Learn more.
Biden’s student-debt pledge stalls, frustrating supporters
Joe Biden said during his presidential campaign that he would reduce student debt for millions of Americans, but his allies remain divided on the issue, and some of his supporters are losing hope he will deliver.
New tool lets consumers create their own Experian credit report
Experian is the first major credit bureau that lets consumers create their own credit report.
Hard vs. soft credit checks: What to know
It’s important to understand how soft and hard credit checks affect your credit score. Keep reading to learn about these two types of credit inquiries.
40% of millennials say credit card debt is their biggest financial setback, survey finds
A new survey found that millennials are more financially confident and optimistic than any other generation, but they're held back by high-interest credit card debt.
With personal loan interest rates at record lows, here's how to get a good rate
Personal loans can be used to pay for anything from unexpected expenses to wedding expenses, with funding as fast as the next business day.
CFPB reports average household pays $1K in credit card interest and fees annually
Americans paid $120 billion in credit card interest and fees each year between 2018 and 2020, according to the CFPB.
Credit balances spike as Americans become increasingly reliant on credit card debt
Credit card balances have reached pre-pandemic levels, according to the Federal Reserve, which means that many consumers may be looking for ways to consolidate multiple debts.
Rising prices put American families in deeper debt
After a year of strong retail sales, consumers are starting to feel the impact of inflation and real income as it materializes across the economy.
Hospital price transparency rule takes effect to reduce surprise medical bills
A new law requires private health plans to cover surprise bills at in-network rates based on the median cost of care for similar services.
Inflation surges at fastest rate in decades: What it means for you
CPI data shows that consumer prices have risen 7% in the past year, which is the fastest rate of inflation since 1982.