ONE consequence of the deepest recession since the Depression has been the biggest peacetime build-up of public debt the rich world has ever seen. Some reckon that the debt position ...
This week’s Your Money column is about the challenges facing couples who are bringing a lot of debt to a marriage. More and more young adults are facing this, as ...
The capital of Pennsylvania has taken a step closer to a possible bankruptcy declaration, warning this week that it was not going to make a scheduled payment of $3.3 million ...
The world’s most developed economies, which have been racking up spending since the mid-1960s, face record levels of debt as a result of the 2008-9 financial crisis and have little ...
DUBLIN — Can one bank bring down a country? Anglo Irish, the midsize Irish lender whose profligacy has come to symbolize the excesses of the real estate bubble here, is ...
– If there’s a double dip, it’s going to be because of that fence we’re building on the Mexican border. The San Francisco Fed has found that immigration is (drumroll) ...
Finally, nearly two years after they were bailed out by Congress, big banks are beginning to ease lending standards for individuals and small businesses. But it's not exactly having the ...
The amount consumers owed on their credit cards in this year's second quarter dropped to the lowest level in more than eight years as cardholders continued to pay off balances ...
A more recent report backs that trend further. As the Wall Street Journal reported on Monday, average credit-card rates on new cards have climbed to 14.7%, from 13.1% a year ...
The average credit score rose to 704 in July, a level not seen since the first quarter of 1998, according to data that Equifax Inc (EFX.N), one of the largest ...
In terms of volume, a person is likely to borrow more money to go to school today than, say, spend on necessities using a credit card during a patch of ...
The latest form of identity theft doesn't depend on stealing your Social Security number. Now thieves are targeting your kid's number long before the little one even has a bank ...
“It’s so cheap, if you can work it smart, you don’t need to collect that much,” said John Pratt, a consultant to the debt-buying industry and an author of “Debt ...
After the recession forced credit card companies to purge their rosters of the riskiest loans, the industry is facing a new problem: customers who are too good.
Since the recession, credit cards are harder to come by, real estate values remain low — making it harder to borrow against home equity — and banks have tightened standards. ...
