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158 articles found for "debt"
The $560 billion Buy Now Pay Later market has created 'phantom debt' that's invisible to credit bureaus. As holiday BNPL balances come due, experts warn of a 'Q2 2026 cliff.'
Paying off debt tops Americans' financial resolutions for 2026. Experts share proven strategies for tackling credit cards, building savings, and setting achievable money goals.
The New York Fed reports credit card balances have hit $1.28 trillion with 7.1% in serious delinquency, matching early Great Recession levels. Lower-income and younger borrowers are bearing the brunt.
Credit card balance growth is projected to slow to just 2.3% in 2026—the smallest increase since 2013—as American consumers show surprising resilience despite economic headwinds.
After 11 consecutive quarters of increases, credit card delinquency rates have stabilized—but remain at levels not seen since 2011. What the data tells us about the American consumer in 2026.
TransUnion projects credit card balance growth of just 2.3% in 2026—the smallest increase since 2013—as consumers retrench and lenders tighten standards.
American credit card balances have surged 60% since the pandemic low, reaching a record $1.23 trillion with delinquency rates at their highest since 2011.
Affirm has partnered with Esusu to let renters split monthly rent into biweekly payments at 0% APR. While the service offers flexibility, consumer advocates warn BNPL for rent could push struggling tenants deeper into debt.
Americans owe a record $1.23 trillion in credit card debt at 22%+ interest rates. Balance transfer cards offering 0% APR into 2027 provide rare relief.
Whirlpool launched concurrent common stock and convertible preferred offerings to raise $800 million, aiming to repay its revolving credit facility after S&P downgraded the company to BB.
The US borrowed $696 billion in the first 16 weeks of fiscal year 2026, averaging $43.5 billion per week. Interest payments are on track to exceed $1 trillion for the third straight year.
Bankrate's 2026 Emergency Savings Report reveals 56% of Americans owe more on credit cards than they have saved for emergencies, with 17% having no savings at all.