Bad debt can also affect your credit. Your credit utilization, which is the percentage of your available credit that you're using, plays a major role in your credit score. High balances and maxed-out ...

One big problem with credit cards is if you keep using them for purchases, you may never pay off your debt. Personal loans, ...

Bankruptcy: For borrowers with very high debts and little ability to pay, Chapter 7 or Chapter 13 bankruptcy may be the most ...

Figuring out when to take out a loan, pay cash, use leverage, or pass when something isn't affordable. Unpacking good vs bad debt. Myth: you should always pay cash if you can. Fact: investors should ...

Credit card interest rates remain high right now, driven up, in part, by the Federal Reserve's rate hikes that occurred in 2022 and 2023. While the increases were aimed at combating inflation, they ...

The Wells Fargo Reflect comes with an intro APR offer that lasts almost two years. Learn why it's our favorite balance ...

Aaron McDade is a breaking news reporter for Investopedia. He is an experienced journalist who has covered everything from the latest in business and tech news to sports and international news like ...

The Wells Fargo Reflect card is one of the best ways to pay off debt in 2025. Learn why it's better than any rewards credit ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Good news for affluent Americans: Citigroup has just ...

A new WalletHub report found that credit card debt increased from the first quarter to the second quarter of 2025, with California, Texas and Florida accounting for the largest total increases in ...

A student credit card, when used responsibly, can help you establish a credit history, build your credit score and develop healthy spending habits. Use a student credit card for affordable, ...