The number of filings is back above 2020 levels as prices rise and people rely more on credit cards, an analysis finds. But many borrowers don’t respond to the suits and lose by default.
Category: Credit and Debt
-
Klarna’s Market Debut Shows Wall Street’s Renewed Appetite for I.P.O.s
The company’s shares rose more than 14 percent on the first day of trading, a sign of the health of the public markets and a willingness of investors to bet on new companies.
-
Ssense Seeks Bankruptcy Protection as Luxury E-Commerce Falters
The retailer based in Montreal cited a lender-driven sale process and the end of the de minimis loophole as final blows.
-
They Put Off Getting in Relationships Until They Earned Enough Money
Money can’t buy love, but it can help single people feel more ready to find it.
-
Uncle Nearest Whiskey Is in a Fiscal Bind
A federal judge has ordered that Uncle Nearest be placed in receivership, after a lender claimed the company’s finances are in disarray.
-
Chinese People Are Known to Be Big Savers. Many Are Drowning in Debt.
As Beijing pushes consumer lending to stimulate the economy, millions of Chinese borrowers, especially the young, are falling into debt spirals.
-
What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
-
5 Money Mistakes That Can Put Retirement Farther Off
Even people with employee-sponsored retirement plans still find it difficult to save for the future when faced with present-day desires.
-
Mortgage Lenders Can Soon Use VantageScore. Is That Good for Borrowers?
A top housing finance regulator announced that Fannie Mae and Freddie Mac would allow lenders to use the traditional FICO score or one from a rival, VantageScore.
-
Judge Scraps Rule Eliminating Medical Debt on Credit Reports
The Trump administration joined with trade groups to ask a court to overturn a Biden-era rule that aimed to limit the impact of unpaid medical bills on consumers’ credit history.
-
Trump Wants Lower Rates. Firing Powell Could Push Them Higher.
Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.