A new report shows consumer debt cases have surged in Massachusetts. Legislation to reduce the interest rate companies can charge when they win have so far failed.

Feel sick every time the phone rings? You’re not alone.

Debt collection complaints in North Texas have paralleled a nationwide surge. Experts and data attribute the spike to higher cost of living and ...

Consumers in the United States owed $17.57 trillion in total debt as of the third quarter (Q3) of 2024, according to Experian data. That's a 2.4% increase from the $17.15 trillion total Experian ...

Experts are sounding the alarm over a new report indicating credit card loan defaults soared this year, warning the dam is about to break on Americans’ record-high consumer debt. During the first nine ...

Black Americans have been systematically excluded from wealth accumulation through policies and practices that increase debt burdens and limit asset building, leading to chronic financial ...

Debt settlement companies can reduce what you owe, but the fees mean the savings may be less than you expect.

With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who are struggling with record levels of credit card debt. Meanwhile, consumer ...

For many families, credit card debt is a huge source of stress, and when the bills keep piling up, it might seem like there’s no way out. But before you lose hope, you may qualify for debt ...

More than 100 million Americans struggle with medical debt, and medical debt is the largest source of debt in collection across the country, according to the White House. The bills are prone to errors ...

Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ...