The pros and cons of buy now, pay later
While buy now, pay later plans offer financial flexibility, they introduce a high risk of debt, and can leave the user unprotected if something goes wrong.
What are sound financial strategies to pay down credit cards?
Personal loans, 0% balance transfer credit cards and debt repayment are all options for paying down credit card balances and maintaining healthy finances.
Bipartisan lawmakers unveil proposal to avoid US debt default
The Problem Solvers Caucus released a plan on Wednesday to avert a debt default amid an ongoing standoff between House Republicans and President Biden.
Inflation and rising costs pushes Americans to make risky financial choices: Survey
High inflation and interest rates pushed 35% of Americans to drain cash from emergency savings and 26% have skipped or are considering becoming delinquent on their credit cards, a recent survey from Achieve said.
5 smart ways to consolidate credit card debt, and 5 you should never do
Consolidating credit card debt could help you get a lower interest rate and potentially pay off your debt faster. Learn how to consolidate credit card debt here.
Many millennials optimistic about personal finances amid dealing with economic concerns, debt
Many millennials have confidence with personal finances, a feeling that comes as many of them deal with debt and other financial concerns, according to a survey.
Best credit card consolidation loans of 2023
Want to manage your credit card debt? Learn how credit card consolidation loans can help you reach your financial goals.
Texas woman pays off $70K in debt in just two years by ‘cash stuffing’
A Texas woman saved money by using the "cash stuffing" method — allowing her to pay off $70,000 in debt in just two years. Here's how she did it successfully.
Drivers with poor credit scores can pay up to 60% more for car insurance
Auto insurance costs can be significantly larger for those with poor credit scores, studies show. Here’s how to raise your credit score.
Evergrande restructuring is a warning to China’s other creditors
Trading in Evergrande’s Hong Kong-listed shares and both other listed units have been suspended for about a year, after they failed to file financial reports on time.
Credit Suisse write-off upends European bank capital bonds
A last minute law change allowed Switzerland to write off $17 billion in bonds, while allowing equity holders to keep their money, an unprecedented change.
Higher wages and social security checks led to increase in consumer spending: BofA
Credit and debit card use on BofA brand cards rose 5.1% year-over-year annually compared to 2.2% the month before, the bank said.
Angelo Gordon raises $1.3B fund to buy company debt
Angelo Gordon & Co is raising a new fund to invest in corporate-debt securitie. saying it believes worry over default has created screaming deals in the bond market.
Adani shares surge after $1.87B GQG investment; more road shows lined up
After falling $130 billion in market value, Gautam Adani's conglomerate, Adani, is beginning to rally after a $1.87 billion investment by GQG Partners in Florida.
Economy, job market among nation’s most pressing issues, say concerned Americans
People in Austin, Texas, identified what they believed to be the most pressing issues facing America currently, with over half of people pointing to the economy
Credit card debt higher than savings for record percentage of Americans
A record percentage of U.S. adults say their credit card debt is now higher than their emergency savings as stubbornly high inflation chews away at consumers' budgets.
Credit card delinquency rates for new users were higher than for those with established credit
Credit card delinquency rates have been trending higher for new credit users, according to a TransUnion report. High inflation and a volatile interest rate environment may cause delinquency rates to increase in the U.S. in 2023. Here’s how to pay down high-interest debt quickly.
Is student loan debt a dating deal-breaker?
More Millennials are cohabiting as student debt rises, leading many singles to pay more attention to a potential spouse's financial situation, which can lead to awkward conversations if not handled properly.
Consumer credit increased by nearly $30 billion, experts expect record delinquencies in 2023
Consumer credit increased amid high inflation in 2022. Here’s how to pay down debt quickly.
Congressional Budget Office says US could 'run out of cash' by summer if Congress doesn't act
The U.S. could default on its debt sometime this summer if Congress doesn't raise the debt the $31.4 trillion debt ceiling, the Congressional Budget Office projected Wednesday.