Paying off debt is a worthy goal, particularly if it can help improve your financial situation or free up money to spend in other areas. But while it may help your budget, are there any downsides to ...

Could your debt be reduced or forgiven? Take our financial relief quiz. There is nothing like the thrill of paying off a debt. However, that excitement can quickly wane, turning into impatience as you ...

Closing a credit card can increase your credit utilization rate and drive down your credit score. As a result, keeping your ...

Buy now, pay later (BNPL) loans — the payment plans that allow you to break up a purchase into smaller installments — typically have no bearing on credit score. But that is about to change. In ...

With the U.S. government once again forwarding missed student loan payments to collections, millions of Americans are experiencing declines in their credit scores. Last month, the Education Department ...