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.
Some companies are starting to include student loan repayment programs in their benefits packages.
The Federal Reserve reports that outstanding consumer credit rose by $22 billion dollars in November, after an even bigger rise in October. That puts U.S. consumers on track to increase their total debt on credit cards, student-loans and car-loans by 6-3/4 percent this year. How might that record-high consumer debt impact the U.S. economy? Click the […]
Bigger, stronger banks … and threats.