debt

Macy's Raises Billions To Weather Pandemic

(CNN) - Macy's has secured about $4.5 billion of financing to help repay its debt. This includes $1.3 billion it had previously raised through a debt offering for five-year senior secured notes. Experts say this means Macy's is now…

U.S. Household Debt Hits Record $14 Trillion

(CNN) - Americans are in debt more now than ever before, but that's no as bad as it might sound. Some of that debt comes from new homeowners. Interest rates for mortgages dipped below 4% in 2019 for the…

FICO Changes Could Lower Your Credit Score

(CNN) - It's that pesky number that determines your financial trustworthiness and millions of Americans could see it drop in 2020 thanks to a change in how it's calculated. FICO scores are the most widely used credit scores in…

Americans Have Nearly $14 Trillion In Debt

(CNN) - For the first time ever, American household debt has nearly topped the $14 trillion mark. The New York Federal Reserve says U.S. household debt climbed 0.7% last quarter to $13.96 trillion. That's the 21st straight quarterly increase.…

El Paso To Trump: You Still Owe Us $500K

(CNN) - The city of El Paso wants president Trump to pay up! And apparently he's about six months late on his payment. The city is asking the Trump campaign to pay up over a half a million dollars…

George Zimmerman says He's $2M+ in Debt

(CNN) - George Zimmerman says he is millions of dollars in debt. Court documents show the former neighborhood watch captain owes $2.5 million and has zero income. Because of this; a Seminole county court appointed a public defender to…

U.S. Plans to Sell $294 Billion of Debt

(CNN) - The United States is in the middle of a fight with its biggest creditor and it needs to borrow a ton of money this week. According to the Treasury Department; the government plans to sell about $294-billion of…

Study: Southern Cities Have Highest Credit Card Debt

(CNN) - America's credit card debt is the highest it's ever been, surpassing 1-trillion in 2017. That's according to Federal Reserve data. But where in the U.S. is that debt concentrated the most? According to a new study from creditcards.com,…

New Year Debt Management Solutions

If you've made a resolution to pay down credit card debt this year, there's a fairly new and effective way to do it and it comes from, not surprisingly, the credit card industry.   A just-released Federal Reserve report shows…