Credit card balances alone were up 15% in the third quarter. Higher prices for necessities and higher interest rates are contributing factors.

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.

When the economy starts looking scary, bank executives have to make a judgment call about their outstanding loans.

The CFPB says delinquencies and late fees add up and recommends tighter regulation of loans in line with the credit card industry.

Countries that import commodities priced in U.S. dollars, like oil, are paying a lot more. So are nations that have dollar-denominated loans.

Credit Counselors can work with banks to bring down interest rates in order to get debt paid off.

Americans have a $860 billion credit card balance, according to the Federal Reserve Bank of New York.

For people pushed to the edge financially, bankruptcy can be an option. One nonprofit is trying to make the choice easier and less expensive.

Thanks, in part, to the pandemic — and the low interest rates that have accompanied it.

Borrowers benefit because their debts can become less expensive.