TRENDING TOPICS
987 articles found for "debt"
Credit card APRs average 22.35% for new offers in February 2026 despite the Federal Reserve cutting rates three times in 2025, while Americans carry a record $1.23 trillion in revolving debt.
The Federal Reserve's latest consumer credit report shows borrowing accelerated to a 5.7% annual rate in December, the fastest pace since summer, as credit card debt hit a record $1.233 trillion.
Federal tax exemption for student loan forgiveness expired December 31, 2025. Borrowers qualifying for debt cancellation now face potential tax bills of $10,000 or more.
The exact strategy, sacrifices, and mindset shifts that turned six figures of debt into financial freedom in just 36 months.
The 2025 holiday season delivered record retail sales, but surging BNPL usage and credit card reliance suggest consumers are stretching further than ever.
Global investment-grade bond issuance hit a record $72 billion in the first two days of 2026 trading, signaling strong investor appetite for corporate credit despite geopolitical uncertainty.
The American Rescue Plan's tax exemption for forgiven student loans expired on January 1, 2026. Borrowers who receive IDR forgiveness now face federal tax bills averaging $5,800 to $10,800 on debt they thought was simply being erased.
The Federal Reserve has cut rates three times since September 2025, but the average credit card APR remains near 23%, barely budging from its all-time high. With Americans carrying $1.21 trillion in revolving debt, the disconnect is costing consumers billions.
Lawmakers have introduced a bipartisan bill to cap credit card interest rates at 10% APR as the average rate on general-purpose cards hits a record 25.2% and total revolving debt approaches $1.3 trillion.
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.