Credit & Debt

Medical debt often informs lender decisions, so removing these debts from credit reports can help borrowers qualify for more financing.

Apple Inc., abruptly stopped offering its buy now, pay later service Apple Pay Later on Monday, saying other installment loan options will be available in the fall.

Many financially strained consumers are unhappy with their lenders as interest rates continue to rise.

Interest rates are up and student loan forgiveness isn't really finalized yet, making for turbulent loan market as we enter into presidential policies.

Most Americans are dealing with high levels of credit card debt, but Gen Z is particularly prone to high credit card debt.

The Consumer Financial Protection Bureau says "buy now, pay later" lenders are credit card providers and is applying additional regulations for the lenders to follow.

The CFPB said some 15 million Americans are still struggling with more than $49 billion in outstanding medical bills in collections on their credit reports.

New data published Thursday by TransUnion shows the average debt per borrower hit $6,218 at the end of the first quarter, an 8.5% increase from one year ago.

Amid the renewed student loan forgiveness push, Daniel French said he feels as though people like himself, who sacrificed so their kids could remain debt-free, are left out of the conversation.

The Biden Administration is trying to stop junk fees, but a judge put a stop to a rule capping credit card late fees at $8.

A new report from the Federal Reserve Bank of New York found that higher debt household debt levels with elevated interest rates have created more financial stress for borrowers.

New York Federal Reserve data released Tuesday shows household debt hit a fresh record in the first quarter of 2024 amid a surge in mortgage balances.

Lower-earning Americans are practically begging the government to cut interest rates as they struggle to get out of financial hardship, according to a new report.

Gen Z adults ages 22-24 are taking out more credit lines and racking up more debt than millennials of the same age did a decade ago, and experts are concerned the problem could get worse.

Americans getting help from financial planners will appreciate a new rule that makes sure they're getting sound retirement advice.

Many student loan borrowers struggle to repay their debts, despite more relief from the Biden Administration.

14.5% of borrowers use personal loans for everyday expenses as everyday costs grow.

More and more Americans, particularly younger Americans, rely on side hustles to pay their bills.

According to the Wharton School of the University of Pennsylvania, taxpayers have to pay over $500 billion to afford President Biden's student loan handouts.

The White House on Friday will announce it is canceling an additional $7.4 billion in student loan debt for 277,000 borrowers.