A home equity loan can be a good option to consolidate debt, as it usually carries lower interest rates and longer terms than ...

A borrower goes into default when they miss credit card payments for over 180 days, roughly six months. When there is a failure to pay over such a long period, banks generally take this as a sign that ...

Total U.S. credit card debt fell 12% at an annualized rate in November, a plunge not seen since the onset of the pandemic.

Medical debt ought to be a different case because credit-score blemishes connected to health scares and unforeseen medical mishaps aren't a good gauge of a person's ability to repay other loans, CFPB ...

A new Consumer Financial Protection Bureau rule means consumers’ hospital and doctor bills can no longer weigh down their ...

But Americans' kitchen table finances are also in a precarious place, with credit card balances reaching a new high. The news ...

Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a ...

Outstanding credit card and other revolving debt decreased $13.7 billion, the most since early in the pandemic, after surging ...

The Biden Administration finalized a rule that bans credit reporting agencies from including medical debt when calculating ...

Many people start the year off with the goal of paying down their credit card debt. A new survey by Bankrate shows nearly ...

US consumer debt outstanding unexpectedly fell in November by the most in over a year as credit-card balances plunged.