Credit & Debt

The U.S. is on an "unsustainable" course with regard to its debt-to-GDP ratio, which is expected to hit 123% in 2024, according to a million simulations.

Instead of calculating student loan payments using 10% of a borrower's income, they'll be calculated using 5% of a borrower's income starting in July.

Consumers paid over $1 trillion in interest payments, most of which when toward high-interest credit card debt.

Missed payments and high levels of inflation has led to lower credit scores for consumers.

States with higher populations and more borrowers saw the largest amount of student loan forgiveness.

Both high-income and low-income consumers are facing higher levels of debts, causing more people to live paycheck-to-paycheck.

While the White House lectures on the strength of the economy, Americans are drowning in credit-card debt, which hit a record high $1.13 trillion by the end of last year.

A new survey found most Americans admitted they had to make sacrifices to cover monthly expenses last year, and the most common tactic was resorting to credit cards.

Credit card balances surged in the fourth quarter, but new card originations slowed as banks tightened lending standards, according to a recent TransUnion report.

Half of loan or financial product applications have been denied since the Federal Reserve started hiking interest rates two years ago, according to a new study.

With FAFSA errors and rising education costs, the return of unused financial aid may be a welcome relief to students.

Capital One's proposed acquisition of Discover Financial is being met with opposing viewpoints on whether the deal will ultimately help or harm consumers.

Student loan borrowers dealing with serious financial hardship may qualify for Biden's new round of student loan forgiveness.

President Biden has unilaterally canceled an additional $1.2 billion in student debt for nearly 153,000 borrowers, the White House announced Wednesday.

Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.

Retail sales, a measure of how much consumers spent on a number of everyday goods, including cars, food and gasoline, unexpectedly dropped 0.8% in January.

Couples celebrating Valentine's Day may not be celebrating their financials. Many are on opposite sides of the fence when it comes to saving and spending money.

New York Community Bank's commercial real estate exposure has raised concerns among investors after the regional bank was hit with downgrades of its credit ratings in recent weeks.

Borrowers who miss student loan payments will see repercussions again by September, thankfully there are forgiveness options.

JPMorgan Chase CEO Jamie Dimon warned Friday that America is headed toward a cliff with its soaring debt, saying it must be addressed before it causes a crisis.