delinquency

Student Loan Crisis Deepens as Debts and Defaults Skyrocket

The student loan crisis may be even worse than it previously appeared: Not only are college students graduating with more debt than ever, but their risk of defaulting on their loans is higher than ever, a new study by FICO Labs reveals.

Credit Card Debt Plunges 13.4% in Second Quarter

Credit card debt fell sharply in the second quarter as consumers worked hard to reduce their balances. The average credit card debt fell 13.4% to $4,951. Alaska led the nation as the state with the highest average credit card debt: $7,148.