Consumer News There’s Good News And Bad News About Household Debt
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What is considered bad debt (and why should it matter to borrowers)?
Bad debt can also affect your credit. Your credit utilization, which is the percentage of your available credit that you're using, plays a major role in your credit score. High balances and maxed-out ... Read More
Household debt just hit a new high. Here's what to do about yours now.
American household debt has officially hit another all-time high, and the numbers behind it paint a troubling picture. According to the Federal Reserve Bank of New York's latest Household Debt and ... Read More
Consumer debt crisis deepens: Americans are falling behind on credit cards, loans, and mortgages - is it time to worry?
Americans now owe $18.6 trillion in household debt. United States consumer debt crisis is growing fast. Millions of borrowers are struggling to keep up with credit cards, car loans, student loans, and ... Read More
Americans' household debt hits new record high, according to report
The report also shows Americans’ student loan debt hit a new record, at $1.65 trillion. A lot more borrowers are missing their payments, as well; nearly 10% of all student debt was reported as 90 days ... Read More
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