The Federal Reserve Bank of New York reported U.S. household debt increased to $17.5 trillion in the fourth quarter of 2023. Credit card debt, mortgages and auto loans led to those debt figures. But ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending ...

Angel Zhong does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...

The average interest rate on a bank credit card is currently 21.5%. That’s the highest level since the Federal Reserve started tracking the data in 1994, according to The Associated Press. Do you have ...

The psychological toll of debt can be hefty, but there are strategies you can use to break free from this stress.

Not all debt is bad, but knowing the difference between good debt and bad debt and how to use them can help you get ahead financially and stay ahead. There’s a lot of talk about debt and whether it is ...

A debt avalanche is an accelerated debt repayment plan that's based on paying the loan with the highest interest rate first before moving on to the next-highest.

Bad credit can be a major barrier to paying down debt. The lower your credit score, the harder it can be to find a good debt consolidation loan. But if you have bad credit, you’re not without options.

According to Orman, bad debt "is where you are paying for your present day desires, but your costs are going to be your future day needs." The most common example? Credit card debt. It typically comes ...