Credit & Debt

The Democratic National Convention has come to a close. 

Here's my way of doing things with money.

The drop in credit card debt underscores how the pandemic affected consumer spending habits, as households did not want to take on additional debt.

From April to June, total household debt declined 0.2% to about $34 billion, the New York Fed said.

Contrary to common belief, having 1% of your credit limits in use may help your credit score even more than showing 0% usage.

As the coronavirus persists in the U.S., one-third of Americans have admitted to making at least one financial decision in the last four months of the pandemic that is likely to hurt their credit score, a new Bankrate study has revealed.

The debt snowball is Baby Step 2 of my plan for getting out of debt.

American credit card debt plummeted during the coronavirus pandemic, dropping below $1 trillion for the first time in years. 

Although millions of Americans are out of work and behind on their debts, the missed payments often aren't reflected in their credit scores, creating a credit blind spot.

People should be vigilant about checking their credit scores since the U.S. government told lenders to give consumers spending breaks.

GE looks to boost its cash reserves amid the coronavirus crisis

LendingTree surveyed 1,005 parents with children under the age of 18 to see how the pandemic has impacted their finances.

Some issuers have said they would waive fees and interest for those struggling in the coronavirus fallout.

Norwegian, the smallest of the big three U.S. cruise operators, suspended its operations in mid-March due to the coronavirus pandemic along with its peers.

Many of the usual strategies for paying off credit card debt don’t apply right now.

The coronavirus pandemic that upended the economy is also expected to send unprecedented numbers of people and businesses to bankruptcy court.

The Treasury does have the authority to issue a regulation preventing the cash from garnishment by debt collectors.

Some types of properties have seen more interest from investors than others.

Banks are rolling out hardship programs for cardholders financially slammed by the coronavirus pandemic.

Tens of millions of borrowers will be affected, according to the Department of Education.