The job of a credit counselor is to help people deal with their financial struggles, but many of them are all too familiar with the view from the other side of the table.
The financial state of a majority of elderly Americans is tenuous at best. And when your older relatives die, some of their money problems can become your problems.
Youthful consumers typically get a bad rap when it comes to debt, but new research shows young adults have gotten a lot smarter about using credit cards.
Banks that are undercapitalized tend to fail. It makes sense, as the statement seems obvious after all of the bankruptcy reports we have seen in recent years. What...
Cancelling credit cards is a good way to help get your spending under control. But closing down those accounts could actually hurt your credit score.
Much has been written lately about the financial plight of Generation X. But buck up, Gen Xers: Considering what we've gone through these past few decades, we're doing OK.
In 2008, Halsey Minor made $200 million when he sold CNET Networks to CBS for $1.8 billion. This week, he declared Chapter 7 bankruptcy, listing debts of up to $100 million.
The average U.S. household has a long way to go to recover the wealth it lost to the Great Recession, a report by the Federal Reserve Bank of St. Louis concluded Thursday.
Sales of bank-owned homes have plunged to a 5-year low, the latest evidence that the nation's foreclosure woes are easing as the U.S. housing market recovery gains momentum.
Americans got better about paying their credit card debt on time in the first quarter, a period when many borrowers use income tax returns to tackle their holiday season debt.
Earlier this month, wireless network provider LightSquared Inc. received permission from the Federal Communications Commission (FCC) to use a band of wireless spectrum for a...
If you're in a shaky financial state, having someone willing to co-sign for a loan can be a lifesaver. But for the co-signer, it's not about altruism; it's a question of risk.
Any hope that Detroit can recover from decades of decay and poor management evaporated as its new emergency manager, Kevyn Orr, issued a report on his first 45 days on the...
Linda Mannerberg lost $35,000 to a crippling gambling addiction. Here's how she got her financial life back in order in just one year.
California's attorney general has sued JPMorgan Chase, alleging that used illegal tactics in its efforts to collect debts from more than 100,000 credit card holders.
A horror movie takes aim at the most terrifying thing in the world ... student loan debt!
With tax season over, now's a great time to spring-clean your finances. These three simple moves could put more than $8,000 in your pocket over the course of the next year.
Climbing the ladder of success can be a slow process. But once you get there, the reverse process -- sliding down the chute of economic despair -- can happen all too quickly.