Quick Read Americans owe $1.23T in credit card debt at 22.83% APR while the Fed rate sits at 3.72%. Issuers maintain a ...

Americans have been using their credit cards more than ever this summer. Revolving credit went up by 9.7% in July compared with a year earlier, according to the Federal Reserve. After months of ...

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 ...

Consumer borrowing cratered further in November, likely reflecting growing consumer stress, as price inflation persists and ...

You may not be asking for more credit—but your bank’s systems could be giving it to you anyway. New research from King’s Business School and the Federal Reserve Board suggests that a largely unseen ...

Bloomberg’s sources said that the financing was provided by private credit lenders and broadly syndicated loan investors.

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 ...

If you’re feeling like your debt is mysteriously increasing, don’t blame it on your spending habits just yet. It turns out your bank might be quietly digging you a deeper hole. According to new ...

After unexpectedly surging in July, consumer debt returned to its previous trend and flatlined again in August, signaling growing financial stress on American households. It contracted in May and June ...

Debt levels in the U.S. are climbing higher than ever, and the strain is being felt across millions of households. Borrowers are carrying larger balances overall in terms of their debt loads, and ...

The Fed breaks consumer credit into two main categories: revolving credit, such as credit cards, and non-revolving credit like auto loans, student loans and personal loans. July's surge was driven ...