Debt

Nearly half (47%) of U.S. adults, or about 120 million people, currently have credit card debt, up from 43% reported in early March, according to a new report from CreditCards.com.  The sudden spike in credit card debt coincides with states issuing stay-at-home orders that have forced millions of businesses to shutter. Alarmingly, 23% of credit card debtors have added to their...

Unsecured personal loans can pay for almost anything. Their flexibility makes them easy to turn to when you want to consolidate your debts or put in that kitchen island. But first assessing all your financing options can save you money. As the economy shifts, so will the way a personal loan fits into your plans. Right now, for example, the…

Lawmakers are calling on the U.S. Treasury to protect recipients of direct payments from having their money seized by debt collectors. In a letter sent to U.S. Treasury Secretary Steven Mnuchin Thursday, Sens. Sherrod Brown, D-Ohio and Josh Hawley, R-Mo urged the Treasury to exert its ability to protect individuals from having their direct payments seized — or “garnished” — from debt collectors....

The federal deficit for the 2019 budget year surged to $984.4 billion, its highest point in seven years, and is widely expected to top the $1 trillion mark in coming years. The 26% surge from the 2018 deficit of $779 billion that the government reported Friday reflected such factors as revenue lost from the 2017 Trump tax cut and a...

Kansas City Royals pitcher Brady Singer gave his parents the surprise Christmas gift of a lifetime Tuesday. The heartwarming video has since been shared thousands of times on social media.

It’s estimated that about 44 million Americans are living with student loan debt, adding up to more than $1 trillion owed. Around 8 million borrowers have given up on paying back more than $137 million, according to the U.S. Department of Education. The government will then pay debt collectors up to $1,700 to get borrowers who have defaulted on their...

Puerto Rico’s governor on Wednesday announced a historic restructuring of a portion of the U.S. territory’s $70 billion debt through courts after negotiations with bondholders failed. The announcement marks the biggest bankruptcy-type process ever for the U.S. municipal bond market. Gov. Ricardo Rossello said that a federal control board overseeing the island’s finances agreed with his request late Tuesday to...