Credit scores steady, but auto, credit cards flash warning
Credit scores remained relatively steady in November, while auto loan delinquency rates and average credit card balances saw YOY increases, VantageScore found.
Year-end bonuses: Smart ways to use your extra cash
With the end of the year approaching, many workers anticipate getting bonuses from their employers. There are multiple good things people can do with them.
Credit card, personal loan delinquencies expected to surge in 2023: TransUnion
TransUnion says its latest forecast indicates delinquency rates for credit cards and personal loans could surge next year to highs not seen in more than a decade.
Buffalo Bills' Josh Allen helps Americans clear $10M of consumer debt
Buffalo bills quarterback Josh Allen teamed up with ForgiveCo to relieve over $10 million worth of debt for hardworking people in Buffalo, Wyomning and Central California.
WeWork’s once robust cash reserves have dwindled, raising chances of default
WeWork, saddled with expensive long-term leases and more than $3 billion of debt, recorded a negative cash flow of around $4.3 billion between July 2020 and September of this year.
Supreme Court expands review of Biden’s student loan handout
The U.S. Supreme Court has agreed to hear another challenge to the Biden administration's student loan relief program, putting it in further jeopardy
Credit card balances hit record high amid inflation: TransUnion
Inflation and an uncertain economy influenced record-high credit card balances in the third quarter of 2022, according to TransUnion. Here’s how you can pay off your high-interest debt.
Carvana creditors criticize management, gird for a fight
Carvana's creditors include Apollo Global Management Inc., Pacific Investment Management Co. and Ares Management Corp., all veterans of restructuring fights.
Middle-class households use credit cards to fill income gap: survey
A growing number of middle-class households are turning to credit cards and taking on debt to make ends meet, a Primerica survey said.
Nearly half of Americans expect to go into debt buying holiday gifts: survey
Nearly half of Americans expect to go into debt during the holidays this year. Here’s how to pay down your holiday debt quickly.
Debt ceiling bomb nears as government spending balloons
The federal government will soon hit the debt ceiling, which means no additional borrowing can take place. Measures will be needed to make sure the ceiling is not breached.
Supreme Court to hear arguments on Biden’s student loan handout plan, cancellations remain blocked
President Biden's program to cancel student loans remains blocked, but the Supreme Court has agreed to pick up the case in late winter.
Holiday shopping expected to reach over $1 trillion as inflation surges
Holiday shopping is expected to increase by 7% to nearly $1.3 trillion, a new forecast says. Here’s how to stay on track with your finances this holiday season.
Biden's student loan repayment pause may cost another $40 billion: CRFB
President Biden's latest extension of the student loan repayment pause could cost taxpayers another $40 billion, according to the nonpartisan Committee for a Responsible Federal Budget.
Credit card applications remain strong despite rising interest rates, NY Fed says
The application rate for credit cards rose in October to 27.1% as more Americans anticipated struggling to come up with $2,000 for an unexpected expense.
Household debt surpasses $16.5T in Q3 amid inflation, rising demand: NY Fed report
Total household debt increased by more than $300 billion across credit cards, mortgages and more in the third quarter of 2022, according to the latest New York Fed report. Here's what you can do if you're struggling with debt
Credit card balances see largest annual jump in more than 20 years
The Federal Reserve Bank of New York reported credit card balances surged 15% year-over-year in the third quarter, the highest jump in over two decades.
Biden student debt relief handout blocked by federal appeals court
A federal appeals court on Monday blocked the Biden administration's student debt relief plan, the second such blow in a matter of days
Biden administration closes student loan handout applications after court ruling
The federal government's Student Aid debt forgiveness has ceased accepting applications after a federal judge in Texas deemed the program unconstitutional.
Credit card balances reach record $866B as consumers battle economic headwinds
Consumers are leaning on credit cards and personal loans in an effort to offset the financial pressures caused by high inflation and high interest rates.


















