Credit & Debt

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.

High prices, swollen balances and soaring interest rates have all contributed to a rise in the average amount Americans pay monthly to service their debt.

New York City Mayor Eric Adams announced a plan to wipe out up to $2 billion in medical debt for hundreds of thousands of city residents during a press conference on Jan. 22, 2024.

Members of Gen Z are coming to grips with the high costs of goods today — and want to be more authentic about what they can afford. Experts weigh in on the "loud budgeting" money trend.

The Biden administration announced that an additional 74,000 student loan borrowers will have as much as $5 billion of debt canceled in his latest executive action.

Some student loan borrowers who have not yet resumed paying back their loans admit they are holding off in protest, hoping to pressure the federal government into forgiving their debts.

New data published by the Federal Reserve Bank of Philadelphia shows that the number of Americans falling behind on their credit card payments is rising.

A new study conducted by Lending Tree found 29.6% of Americans in the nation's largest metros were behind on at least one payment as consumers continue to rack up more debt.

Data shows more Americans will make financially-geared New Year's resolutions for 2024 than they did last year. An expert gives tips on how to keep those commitments.

A new Moody's Analytics report suggests that credit card and auto loan delinquency rates are climbing as more Americans struggle to make their payments.