Explore the advantages, disadvantages, and impact of consumer debt on personal finance. Learn about different debt types and how they affect your financial strategy.

The Fed breaks consumer credit into two main categories: revolving credit, such as credit cards, and non-revolving credit like auto loans, student loans and personal loans. July's surge was driven ...

From ditching debt to paying bills on time, fiscally savvy folks have developed good habits and plans that keep them in financial shape. And with a little effort, you too can master their tricks for ...

Debt is like fire. You can use it strategically to cook your food and provide warmth (borrowing to acquire appreciating investments). Alternatively, you can let it burn down your house (accumulating ...

Americans have been using their credit cards more than ever this summer. Revolving credit went up by 9.7% in July compared with a year earlier, according to the Federal Reserve. After months of ...