Americans’ credit scores are averaging way higher, around 700 according to a new report from FICO. Credit agencies are also cleaning up their rolls and getting old or bad data off people’s reports. Plus, many people who went into bankruptcy during the financial crisis are now returning to credit-worthiness as the statute of limitations comes […]
The New York Federal Reserve says Americans are borrowing again — everything from student loans to auto loans to mortgages. According to the New York Fed, household debt has reached a record high, even higher than the previous peak, during the credit bubble in 2008. The report’s findings don’t mean Americans have learned to be […]
Current household debt in the U.S. is at just about $12.6 trillion, according to the Federal Reserve Bank of New York. That’s how much we’re all taking out in loans. It’s 1 percent shy of the 2008 record. Mortgages still make up the largest amount of that debt. But it’s a trillion dollars less than […]
Some of the world’s biggest mines are reporting profits again after a rocky few years. Commodity prices are up, and mining companies are leaner. They’ve sold off underperforming mines, and paid off debt. Miners and steel makers are also hoping President Trump will give them a boost with new spending on infrastructure in the U.S. […]
Almost a decade after the European financial crisis started to report the financial troubles that brought about the Crash of 2008, banks, governments, and people are again heavily in debt
