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Using credit cards can lead to mindless purchases.

I stopped using credit cards completely in an attempt to get out of debt — here’s what happened

Credit cards play a large role in debt for Americans. Laura McCamy stopped using credit cards to pay off her debt — but without revolving credit, her credit score evaporated. Though giving up credit cards can reduce debt, there are some unexpected problems that come with cutting the cards.
Student loan debt makes up 40% of millennial debt.

The 30 cities where millennials carry the most debt don’t include New York or San Francisco

LendingTree researchers analyzed anonymous credit reports to see where millennials with the most debt live. Surprisingly, the top 30 cities with the most millennial debt did not include historically expensive cities like New York or San Francisco.

Malaysian Finance Minister Lim Guan Eng says country can grow 5 per cent and handle its debts

Lim will oversee the new administration’s first budget in November.

Ford ‘must execute significant structural change’

Writing to clients Friday, Morgan Stanley said its new negative outlook which accompanies the downgrade to Baa3 from Baa2 — one notch above a junk rating — means "there is still enough time to execute," but comes with a glaring warning: "we just wish we knew the plan."

Credit card startup Deserve raises $17 million to help young people build their credit in a system that makes it way too hard

For many college students, there's a catch-22 when it comes to signing up for a credit card or a student loan. Deserve is trying to solve it.
Most countries do not have a credit score system like the US.

Many countries don’t use credit scores like the US — here’s how they determine your worth

In the US, a credit score aims to predict your likelihood to meeting financial obligations, like paying back a loan. Having a poor credit score can make it life more expensive. Many countries do not have a credit score system — here's how those countries measure a person's worth.
US President Donald Trump talks to Turkey’s President Recep Tayyip Erdogan at NATO headquarters in Brussels, Belgium on July 11, 2018.

Turkey is dumping US debt

Turkey’s holdings of US sovereign bond debt has dropped 12% between May and June, and continued to fall as Ankara’s dispute with Washington has escalated this month.
Making a plan can help you manage and pay off your debt.

A financial planner shares an 8-step plan to paying off your credit-card debt

Credit-card debt can often become overwhelming. According to a new report by ValuePenguin, the average American household has $5,700 in credit-card debt. Here, a certified financial planner (CFP) suggests an 8-step plan to paying off your credit card debt.

‘Getting the dollar wrong is deadly’: A rapid rise in the dollar could cause a domino effect across emerging markets

A rallying dollar has been clobbered emerging market currencies this year, and analysts warn it could soon appreciate further and faster.
The average credit card debt in the US is increasing.

The average credit card debt in every state, ranked

Credit card debt is on the rise in the US, with the average American household carrying a credit card debt of $5,700, according to a new report by by ValuePenguin. However, location accounts for differences in credit card debt. See which states have the highest credit card debt.