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51 articles found for "debt"
For the first time in months, Americans are pulling back on credit card spending. The Federal Reserve's latest data shows revolving credit dropped $2.1 billion—a 1.9% annual decline.
TransUnion's 2026 Consumer Credit Forecast projects credit card balance growth of just 2.3%—the smallest increase since 2013. Here's what the data reveals about American financial health.
The Trump administration will resume garnishing wages from 5.5 million defaulted student loan borrowers starting January 2026, ending a years-long pandemic pause.
The Consumer Financial Protection Bureau's new report shows Americans paid $160 billion in credit card interest in 2024, with average rates near 21% and debt exceeding $1.2 trillion.
As of January 1, 2026, student loan forgiveness through income-driven repayment plans is taxable again. Borrowers with $57,000 in forgiven debt could face a $12,000 tax bill.
Subprime auto delinquencies reached 6.6% in January 2025, the highest since tracking began in 1994. Consumers are stretching loans to 7.5 years to afford payments.
Americans paid a record $160 billion in credit card interest in 2024, up 52% from 2022, according to the CFPB's latest report. With average APRs at all-time highs, the interest burden continues climbing.
The Trump administration has begun sending wage garnishment notices to federal student loan borrowers in default. Here's what you need to know about protecting your paycheck and getting out of default.
The Education Department is resuming wage garnishments for defaulted student loan borrowers while 800,000 remain stuck in a processing backlog for affordable repayment plans and forgiveness.
Student loan forgiveness is now taxable again as of January 1, 2026, while over 800,000 borrowers remain stuck in a backlog for repayment plans and forgiveness programs.
President Trump calls for a one-year cap on credit card interest rates at 10%, down from the current 23.79% average. Here's what the proposal means for your wallet.
Auto loan delinquency rates reached 3.88% in Q3 2025, the highest level in 15 years. Analysis of what's driving the trend and what it means for consumers and investors.