- Why Pension Advances Are a Really Bad Idea
- Avoid Airline Fees with Airline Co-Branded Credit Cards
- New Fed Report: The Rich Are Thriving, and Everyone Else Has Fallen Behind
- Feds Target Suspected Payday Loan Scams
- Occupy Wipes Out Nearly $4 Million in Strangers’ Student Loan Debt
- CFPB Sues Corinthian Colleges for Alleged Predatory Lending
- 7 Percent of US Workers Have Garnished Wages
- Best and Worst US States for Credit
A quarterly report issued last month by the Federal Reserve Bank of New York said that, although our total debt dropped by $74 billion in the third quarter, our credit-card debt actually rose by $2 billion in the same time period. Credit-card debt isn’t the only problem child here: we also added $18 billion in car loans and $23 billion in new student-loan debt during the quarter.
But hey, at least we’re paying down our mortgages. (That’s most of the $74 billion total debt decline.) If you’re looking to buck the trend this year, check out our New Year’s resolution series on debt. Links are below.