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
Household debt rises again, driven by mortgages and credit cards
From rising mortgage balances to growing credit card bills, Americans are carrying more debt than ever. A new report from the Federal Reserve Bank of New York shows total household debt reached $18.6 ... Read More
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