Credit & Debt

Credit usage grew by 8.8% during the second quarter of 2021, as consumer prices increased 5.4% in July. Here three strategies to utilize when it comes to paying down debt.

Nearly all Senate Republicans signed a letter released Wednesday vowing not to vote to raise the debt ceiling, signaling that Democrats may be forced to raise the limit under budget reconciliation to prevent the United States from defaulting on its debt.

Auto loans and mortgages drove an increase in debt in the second quarter of 2021. Here's what consumers can do to pay debt down quickly.

Treasury Secretary Janet Yellen on Monday urged Congress to pass a debt ceiling increase through regular order with bipartisan votes.

The bipartisan infrastructure bill would add $256 billion to the deficit over the next 10 years, according to a highly-anticipated nonpartisan budget report that will likely exacerbate concerns among Republican lawmakers regarding the price tag of President Biden’s initiative.

Senate Minority Leader Mitch McConnell made clear Thursday that Republicans will not help Democrats with the votes to raise the debt ceiling as Congress is grappling with a crucial deadline.

Prices on consumer goods have caused uncertainty while the economy recovers from the COVID-19 pandemic. Here's how inflation can impact your finances in the long run, and how you can protect your assets.

U.S. household debt rose at the fastest pace in years during the spring, driven by a surge in credit card spending and home purchases.

Law school was once considered a surefire ticket to a comfortable life. Years of tuition increases have made it a fast way to get buried in debt.

Emerging from the COVID-19 pandemic, Americans are seeing higher levels of credit card debt - but their spending isn't slowing down. Here's how you can pay down your credit card debt.

An unexpected hospital stay can result in unmanageable medical expenses, driving some patients into bankruptcy. If an illness has put a burden on your finances, you have options for getting back on track.

House Speaker Nancy Pelosi said Wednesday that President Biden can't unilaterally wipe away student loan debt, as some progressives have urged him to do, and even questioned the fairness of a debt forgiveness policy.

Minnesota Democrat Rep. Ilhan Omar joined calls to cancel student debt Wednesday, pointing to recent the increase in coronavirus cases as justification.

Mortgage refinancing is a smart move right now thanks to low average rates, but millions of homeowners still haven't taken advantage of this opportunity, according to a new Zillow survey.

Personal loans are often used to pay off high-interest credit card debt or finance an unexpected expense. To get the lowest rates for your situation, it's important to shop around and compare loan terms across online lenders.

Mortgage interest rates dipped below 3% for a 30-year loan, which is good news for consumers. Current mortgage borrowers and prospective homeowners alike can benefit from today's mortgage rate environment.

If your personal loan has a high interest rate or a long repayment term, it may be costing you more money than you realize. Read these tips for saving money and paying off your loan faster.

With today's mortgage rates near record lows, it's a good time to refinance your mortgage. Doing so can lower your monthly payment and save you tens of thousands of dollars in interest over the life of your home loan.

Revolving credit debt increased 11.4% in May, according to the Fed's latest report. Credit card borrowers with high balances and monthly bills could consider paying off debt with one of these methods.

Having bad credit can negatively impact your financial wellness in a variety of ways, but these five tips can help you improve your FICO score quickly.