Borrowers who consolidated credit card debt saved $2K+ on average, data shows
It's easy to get in over your head with credit card debt, but debt payoff can seem much more difficult. With the right financial products, though, getting rid of your credit card balances can be totally manageable.
Looking to pay down high-interest debt? Here are 3 expert-approved methods
Managing debt has consistently been a focus for Americans and it's seemingly no different following the COVID-19 pandemic. So VantageScore is offering tips on how to pay down debt.
Millions of Americans have college debt but no degree: How to pay off your student loans
About a third of college students drop out, and they may be left tackling expensive student loan debt even without a degree to show for it. Here's how you can pay off your college debt with no diploma.
Credit usage jumped 8.8% in Q2: Pay down your debt with these 3 strategies
Credit usage grew by 8.8% during the second quarter of 2021, as consumer prices increased 5.4% in July. Here three strategies to utilize when it comes to paying down debt.
All but 4 Senate Republicans vow not to vote to raise debt ceiling
Nearly all Senate Republicans signed a letter released Wednesday vowing not to vote to raise the debt ceiling, signaling that Democrats may be forced to raise the limit under budget reconciliation to prevent the United States from defaulting on its debt.
Americans' debt rose $313B in Q2 – here’s how to help pay yours down
Auto loans and mortgages drove an increase in debt in the second quarter of 2021. Here's what consumers can do to pay debt down quickly.
Yellen wants debt limit hike via regular order; Dems leave it out of reconciliation, setting up fall showdown
Treasury Secretary Janet Yellen on Monday urged Congress to pass a debt ceiling increase through regular order with bipartisan votes.
Bipartisan infrastructure legislation to add $256 billion to deficit, CBO says
The bipartisan infrastructure bill would add $256 billion to the deficit over the next 10 years, according to a highly-anticipated nonpartisan budget report that will likely exacerbate concerns among Republican lawmakers regarding the price tag of President Biden’s initiative.
McConnell says GOP won't help Dems with 'reckless' debt plan
Senate Minority Leader Mitch McConnell made clear Thursday that Republicans will not help Democrats with the votes to raise the debt ceiling as Congress is grappling with a crucial deadline.
3 ways inflation is impacting your wallet, and how to combat rising prices
Prices on consumer goods have caused uncertainty while the economy recovers from the COVID-19 pandemic. Here's how inflation can impact your finances in the long run, and how you can protect your assets.
US household debt surged to nearly $15T in second quarter, a new record
U.S. household debt rose at the fastest pace in years during the spring, driven by a surge in credit card spending and home purchases.
Law school loses luster as debts mount and salaries stagnate
Law school was once considered a surefire ticket to a comfortable life. Years of tuition increases have made it a fast way to get buried in debt.
Credit card debt surged during pandemic, survey finds: How to pay it off quickly
Emerging from the COVID-19 pandemic, Americans are seeing higher levels of credit card debt - but their spending isn't slowing down. Here's how you can pay down your credit card debt.
Nearly 1 in 5 Americans has unpaid medical debt, study finds: Here's how to pay it off
An unexpected hospital stay can result in unmanageable medical expenses, driving some patients into bankruptcy. If an illness has put a burden on your finances, you have options for getting back on track.
Pelosi says Biden doesn't have the power to cancel student loan debt
House Speaker Nancy Pelosi said Wednesday that President Biden can't unilaterally wipe away student loan debt, as some progressives have urged him to do, and even questioned the fairness of a debt forgiveness policy.
Ilhan Omar cites rising COVID cases to demand Biden cancel student debt
Minnesota Democrat Rep. Ilhan Omar joined calls to cancel student debt Wednesday, pointing to recent the increase in coronavirus cases as justification.
78% of homeowners didn't refinance their mortgage in the past year, survey finds: Why you should do it now
Mortgage refinancing is a smart move right now thanks to low average rates, but millions of homeowners still haven't taken advantage of this opportunity, according to a new Zillow survey.
Average personal loan interest rate is 9.58%, Fed reports, but you may qualify for a lower rate
Personal loans are often used to pay off high-interest credit card debt or finance an unexpected expense. To get the lowest rates for your situation, it's important to shop around and compare loan terms across online lenders.
Mortgage rates sank from 5% to 3% since 2018: Why you should refinance now
Mortgage interest rates dipped below 3% for a 30-year loan, which is good news for consumers. Current mortgage borrowers and prospective homeowners alike can benefit from today's mortgage rate environment.
How to save money on your personal loan — and pay off your debt faster
If your personal loan has a high interest rate or a long repayment term, it may be costing you more money than you realize. Read these tips for saving money and paying off your loan faster.