Cutting credit card debt as annual percentage rates hit record highs

Credit history card interest rates achieved file highs very last yr and there is nevertheless more to arrive in 2023, according to Greg McBride, main economical analyst at Bankrate.com. Credit…

Auto Loan Debt Reaches New Highs

The third quarter of 2022 brought a continued exploration of the “new normal” pursuing the pandemic, dread of the looming economic downturn and an increase in household personal debt. Most…

Borrowing costs hit multi-year highs after Fed hike

After years of cheap money, it’s suddenly a lot more expensive to borrow. The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in an effort to curb unrelenting…