Credit & Debt

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.

One of the nation's largest nonprofit credit counselors is sounding the alarm after receiving an unusually high number of inquiries from consumers during the holiday shopping kickoff.

More than two in five Americans who responded to MassMutual's State of the American Family survey said that financial security and the American dream is out of reach.

A recent AARP survey of Americans aged 50 and older found many are struggling to manage their debt load amid elevated inflation and high interest rates.

Americans owe more than $5,000 in credit card debt on average and in times of high inflation and rising interest rates, they are relying on credit cards more than ever before. But there are ways to pay off debt quickly.

A pause in interest rate hikes may offer no relief to people dealing with large amounts of credit card debt amid high inflation. But there are ways to pay off debt quickly.

Back-to-office mandates are pushing many home sellers to close quickly, Redfin reported. This could open up the market to many homebuyers amid low housing availability and high home prices. Here’s what you need to know.

If you thought it was scary when the Treasury Department recently dropped a financial bomb, please sit down before you read on.

Seniors who default on their student loans could see benefits garnished. But there are ways to save.

Americans plan to spend a record $12.2 billion on Halloween this year, beating last year's blowout of $10.6 billion, according to a report by the National Retail Federation (NRF).

As student loan repayment begins after a federal pause, scammers are preying on borrowers seeking debt relief. But there are free and legitimate ways to lower your monthly payments or get student loan relief. Here's how.

The Better Business Bureau has received over 11,000 complaints and almost 900 negative reviews about debt and credit assistance.