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158 articles found for "debt"
The temporary federal tax exemption for student loan forgiveness has expired. Borrowers on income-driven repayment plans could face surprise tax bills when their debt is canceled.
President Trump called for a one-year 10% cap on credit card interest rates starting January 20. With average rates above 20%, here's what the proposal could mean for the $1.2 trillion Americans carry in credit card debt.
Despite the Federal Reserve cutting rates by 175 basis points, credit card APRs remain above 21%. Here's what borrowers need to know about managing high-interest debt in 2026.
Klarna, Afterpay, and Affirm promise 'interest-free' payments. But the hidden costs are trapping a generation in a new kind of debt spiral.
Total US credit card balances reached a record $1.23 trillion in late 2025, but the 30-day delinquency rate has now declined for five consecutive quarters, signaling that the worst of the post-pandemic debt stress may be behind us.
A key tax exemption for forgiven student debt expired on December 31, 2025. Borrowers who qualify for forgiveness could now face tax bills exceeding $12,000.
A new study reveals 87% of student loan borrowers who pursue bankruptcy discharge now succeed, up from 40% in 2007. The myth that these debts can't be discharged is finally crumbling.
The average credit card interest rate has fallen to 23.79%, the lowest since March 2023, as Fed rate cuts finally reach consumers carrying $1.23 trillion in balances.
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.
Nearly one in four student loan borrowers is now delinquent, the SAVE repayment plan is being shut down affecting 7 million borrowers, and most debt forgiveness will be taxed as income starting in 2026.