Key Takeaways Total U.S. credit card debt fell 12% at an annualized rate in November, a plunge not seen since the onset of the pandemic.High interest rates and tightening lending standards by banks may be preventing people from using credit cards,

NerdWallet’s annual report shows that household credit card debt growth has slowed, and the gap between wages and cost of living increases has narrowed over the past five years. Still, many Americans are struggling with their balances.

Outstanding credit card and other revolving debt decreased $13.7 billion, the most since early in the pandemic, after surging a month earlier. Non-revolving credit, such as loans for vehicle purchases and school tuition,

The Biden administration finalized a new rule that will prevent Americans from the harm caused by medical debt, including being coerced by debt collectors to pay bills they do not owe.

Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a new rule from the Consumer Financial Protection Bureau (CFPB) prohibits cre

With a new rule from the Consumer Financial Protection Bureau, you could find it easier to get a loan even with medical debt.

Unpaid medical bills will no longer appear on credit reports under a final rule announced by the Biden administration.