Consumers lean on unsecured debt as cost of living bites, reports ...
Nov 10, 2023 · Higher interest rates and inflation have pushed household budgets to beyond their limits, forcing many American consumers to take on more debt.
What Is Unsecured Debt? | Personal Loans | U.S. News
Aug 7, 2024 · Unsecured debt is a common form of borrowing that includes traditional credit cards, student loans and medical debt. This type of borrowing is often quicker and easier than applying for secured...
Average Unsecured Debt Skyrockets from $20K to $30K in 18 …
Dec 13, 2023 · In a video from earlier this year, YouTube star and finance expert Jaspreet Singh predicted that "Americans are running out of money." As previously reported by GOBankingRates, despite the...
How unsecured personal loans are keeping the economy rolling
Nov 9, 2023 · Financially secure Americans are increasingly turning to unsecured personal loans, pushing total balances to an all-time high of $241 billion in the third quarter as retail sales in the U.S....
Unsecured debt at highest level in a decade, charity warns - Big …
Mar 27, 2024 · Unsecured debt was at its highest level in a decade in 2023, a leading debt charity has found. StepChange Debt Charity’s annual statistics showed that the average unsecured debt was £14,654 in 2023.
Nonbank mortgage firms lean into unsecured debt
Feb 2, 2024 · Nonbank mortgage companies are increasingly turning to unsecured debt as the recent rise in interest rates has heightened borrowing needs, and wariness of the short-term, secured financing they typically use has grown.
Medical debt banned from credit reports by new Biden ... - CBS News
2 days ago · New rule bans medical debt from credit reports 02:09. Unpaid medical bills will no longer appear on credit reports, where they can block people from getting mortgages, car loans or small business ...
ANALYSIS: After Year of Pressure, Private Credit Eyes a Way Out
22 hours ago · However, the likelihood of enhanced regulatory scrutiny now appears smaller in the wake of the Republican victory in the 2024 elections, leaving the fast-growing debt market—recently valued at approximately $1.7 trillion—in …
New federal rule will remove medical debt from credit reports
2 days ago · A new rule on medical debt could affect millions of Americans' credit scores. ABC News. Video. Live. Shows. 538. Shop. ... ABC News Live. 24/7 coverage of breaking news and live events. ABC News ...
US bans medical debt from credit reports as Biden nears exit
1 day ago · Under the change, an estimated $49bn in medical debt will be struck from the credit reports of more than 15 million Americans, the CFPB said. The consumer watchdog said that its research showed ...