While credit card interest rates have fallen recently, rates are still relatively high, with the average rate at 20.13 percent as of February 2025. This level of interest means that not paying your ...

High interest rates are supposed to break something because an overly indebted economy will have to service a mountain of debt at expensive rates and it will have less money for income and spending.

Payday loans can trap millions of people in expensive debt cycles, even as economic conditions improve. With many Americans living paycheck to paycheck, these high-cost loans offer quick cash when ...

Nearly 175 million Americans carried credit card debt into the holiday season, according to TransUnion data. With balances averaging more than $6,500 and APRs hovering around 23%, clearing the ledger ...