Finances FYI is a weekly series providing straightforward finance tips and best practices to help improve financial literacy. Credit card debt is common in the U.S., with the average American carrying ...

At a time when America is already battling a quiet, crippling credit crisis, recent data indicates there are still paramount struggles in the way of fiscal freedom. In honor of Financial Literacy ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

In a move akin to raising the limit on country’s credit card, President Joe Biden and House Speaker Kevin McCarthy are in a standoff whether to increase the federal debt ceiling for the 90th time ...

John Egan is a veteran personal finance writer whose work has been published by outlets such as Bankrate, Experian, Newsweek Vault and Investopedia. Managing Editor, Global Data and Automation for ...

If you've fallen behind on a $5,000 debt and a collection agency is hounding you for payments, you might be worried about what happens next. Owing a few thousand dollars to a debt collector can put ...

Confused by the debt ceiling debate? Here are the basics. Lyle spent most of the past two decades in a variety of product, communication and financial writing roles with large asset managers and ...

Student-loan borrowers are likely to start feeling the harshest consequences of falling behind on their debt. The Education Department said it’s resuming debt collection on defaulted federal student ...

The latest Washington Post/ABC News poll, released last week, found that Americans would blame a debt ceiling crisis on congressional Republicans and President Joe Biden in roughly equal measure. That ...

On “Meet the Press” over the weekend, Republican Rep. Nancy Mace, who’s sometimes described as a relative Republican “moderate,” blamed “both parties” for the fact that the United States has a massive ...