Even when you never miss a payment, carrying unpaid credit card balances month after month can reduce how much home loan a ...

American households are carrying a record load of obligations, with total consumer balances climbing to levels that would ...

Your credit utilization ratio accounts for 30 percent of your FICO score and is calculated by dividing the total debt you have on your revolving credit accounts by your total credit limits you have on ...

NerdWallet’s annual report shows that household credit card debt growth has slowed, and the gap between wages and cost of living increases has narrowed over the past five years. Still, many Americans ...

High interest rates, tighter credit standards and reduced consumer spending contributed to a decline in revolving credit use. The last comparable decline was during the pandemic, but that drop was ...

Revolving credit allows borrowers to have ongoing access to funds in the form of a line of credit, which comes with rules about how much credit is available to the borrower and how they have to ...

Total outstanding consumer debt stood at $5 trillion as of January, according to the Federal Reserve's G.19 consumer credit report released on Friday. That is up slightly from a month earlier but down ...

How do Americans cover unexpected expenses when, according to a Lending Club Corporation survey, 62% of consumers live paycheck to paycheck? Many rely on their credit cards to get by. The 29th edition ...

New data from the Federal Reserve shows overall outstanding debt carried by U.S. consumers breached the $5 trillion mark last November, marking an all-time high. Robust holiday spending helped drive ...

Debt is as American as apple pie: The average household has $127,977 in debt. For households that carry credit card debt, it costs them about $1,300 a year in interest. It's time to take action. Many ...