Lenders will not have to verify whether borrowers have the ability to pay back high-interest loans
Delayed payments are a normal part of doing business in China. That works OK when the economy is bustling — but not anymore.
Politicians never want to tell voters about the need to balance the budget through tax hikes or spending cuts.
One economist believes hope of avoiding a COVID-19 economic depression lies in full forgiveness of personal debts.
After this week's global market crash, the credit market is showing signs of stress.
The change in how FICO is measured could make it more expensive for millions of Americans to borrow.
The church has helped over 20 people pay off $100,000 in credit card debt. The secret lies in treating credit card debt as a community problem, rather than an individual one.
Billionaire tech investor Robert Smith surprised Morehouse graduates by promising to pay off their student loans. Black students are more likely than white students to graduate with student debt, according to research.
The average borrower will owe about $30,000 on student loans at graduation, which may delay homebuying or saving for retirement.