Credit & Debt

The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.

Personal loans have helped many Americans pay down high-interest debt and improve their credit scores amid high inflation and economic uncertainty, according to a report by TransUnion.

Consumer credit balances including credit cards reached trillions of dollars in Q2 2023 as Americans turn to credit cards to deal with high inflation and meet other needs. But there are many ways to pay off debt quickly.

High mortgage rates have brought average monthly mortgage payments to near-record highs as Americans deal with economic uncertainty. But there are ways to lower your monthly mortgage payments.

There are many ways to lower student loan payments or get forgiveness. These include the Saving on A Valuable Education (SAVE) plan, income-driven repayment (IDR) plans, public service loan forgiveness (PSLF) and more.

‘The Ken Coleman Show’ host Ken Coleman dissects the cost of higher education in America as borrowers prepare for student loan payments to resume.

The U.S. federal budget deficit is expected to nearly double this year, growing to $2 trillion as a result of higher interest rates and lower tax revenue.

Intuit Credit Karma launched a new AI-powered tool called Intuit Assist that will help provide users with personalized financial advice on cash flow, budgeting, credit scores and more.

Americans with high-interest debt have several options to pay it off including personal loans, balance transfer cards and borrowing from home equity.

Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.

Fed Governor Michelle Bowman said additional interest rates may be needed to lower inflation to a preferred target range. But inflation has slowed in recent months, even as Americans dealt with record-high credit card debt.

Almost three-quarters of Americans expect the costs of sending kids back to school this year to be challenging, with most expecting to spend more on supplies, a recent U.S. News & World Report survey said.

Americans are relying on credit cards and many said they can’t pay off their balances, according to a Quicken survey.

U.S. households are rapidly depleting the excess savings that they built up during the COVID-19 pandemic thanks to a surge of government stimulus money.

Mother-daughter real estate powerhouses Dolly and Jenny Lenz give a negative market outlook as homebuyers and sellers are "plagued" by "everything becoming so expensive."

Credit card debt increased to a record high in the second quarter as total household debt reached $17.06 trillion. And the Fed’s interest rate hikes to lower inflation could impact what consumers pay for credit. But there are multiple ways to pay off high-interest debt.

U.S. mortgage rates topped 7% for the first time in nine months after Fitch downgraded the nation's credit score, dampening demand among would-be buyers.

Sen. Joe Manchin, D-W.Va., slammed President Biden and both parties after Fitch downgraded the U.S. debt rating, saying, "America's superpower status is in jeopardy."

A surprise airport layover doesn't have to be a terrible thing. Travel pros share smart ways to make the best of layovers — and how to spend time wisely without breaking the bank.

FOX Business' Stuart Varney discusses the U.S.' credit downgrade by ratings agency Fitch, who cited America's 'erosion of governance' and rising deficits.