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How a college credit card signup led to $20,000 in debt
Yanely Espinal, host of Marketplace's podcast "Financially Inclined," tells the story of taking on a financial responsibility she wasn't prepared for.
Businesses and consumers are borrowing more, despite rising interest rates
Total loan balances rose from last quarter and year over year, according to the FDIC. There are good reasons to borrow now.
Americans’ use of credit is growing, but slowing
In 2022, consumer credit increased 7.8% from the year before. But in December, the growth in borrowing decelerated.
Consumer debt is becoming more of a burden
Consumer debt levels have been rising. While wage gains have helped people pay off debt, those gains have been slowing down.
Why consumers are pulling back on spending
A New York Fed survey shows consumers are cutting back. But inflation means they're paying more for the same stuff.
Why do companies flush with cash still carry debt?
Google, for instance, has more than $116 billion in the bank, but isn’t rushing to pay off its borrowings.
Corporations are still borrowing, despite high interest rates
Many companies are borrowing now — if they can — in a bid to get ahead of further rate hikes this year.
Study details young people's struggles to keep pace with debt payments
About 20% of young adults with a credit report have debt in collections, report shows. As a group, they may face higher borrowing costs.
Consumer credit is up almost 7% since this time last year
Credit card balances alone were up 15% in the third quarter. Higher prices for necessities and higher interest rates are contributing factors.
Banks that helped finance Musk's Twitter purchase field low bids for debt
It's common for banks to sell of loans to other investors. What’s unusual are the sharply lower prices those potential buyers are offering.