If your bank account is frozen, the bills keep coming, and the consequences for missing them compound quickly. FrankvandenBergh/Getty Images Americans are currently carrying more debt than ever before. Total household debt surpassed $18.5 trillion in the final quarter of 2025, with credit card balances alone exceeding a total of $1.23 trillion nationwide, according to … Read more
Savers should closely compare their CD and money market account options before making a large deposit into either. Javier Zayas Photography/Getty Images If you have $75,000 saved and are looking to increase those savings further, you may be tempted to invest it now. With options like stocks, bonds, real estate and even alternative investments like … Read more
Protected income offers important safeguards, but it doesn’t necessarily make you untouchable to creditors. Twomeows/Getty Images Americans are carrying record levels of debt right now, which has caused an uptick in payment delinquencies, compounding interest charges and other issues for borrowers. Credit card rates also remain elevated at over 21%, on average, making it tough … Read more
Savers should carefully calculate their interest earning potential before locking any money into a CD account. seksan Mongkhonkhamsao/Getty Images Depositing large, five-figure amounts of money into a savings account like a certificate of deposit (CD) can be both lucrative and smart, particularly in today’s volatile financial climate. But it isn’t always the flexible move to … Read more
Savers looking to home $75,000 may want to consider the advantages a money market account offers now. Aleksandr Zubkov/Getty Images With news this March that the Federal Reserve was again keeping its interest rate-cutting campaign on pause (for the second time this year) and with the need for safe and profitable savings accounts pronounced thanks … Read more
Savers should carefully compare their CD and money market account options before depositing $60,000 into either. twomeows/Getty Images If you have a respectable amount of money in a traditional savings account right now, you may want to reconsider your approach. With an average interest rate of just 0.39% right now, you’re not only failing to … Read more
The rules around disability income and bank levies are more complicated than many people realize. Dragon Claws/Getty Images Rising credit card balances and climbing delinquency rates have had a big impact on the collections environment recently. With average credit card rates still hovering above 21% and household debt sitting at record levels, more borrowers are … Read more
Back-to-back verdicts this week against Meta and YouTube could usher in a new chapter in accountability for tech companies, while opening the door to fresh legal challenges, experts tell CBS News. Two cases, decided in New Mexico and California, are the first to hold social media companies liable for harming young people. On Tuesday, a … Read more
All it takes is an unpaid debt and a judgment to trigger a bank levy, but you still have rights during this process. Pla2na/Getty Images Falling behind on your debt payments is stressful enough, but the credit damage and late fees that can come with it are hardly the only repercussions you may face. In … Read more
Putting money into a CD account may once again be a move worth making for savers. Javier Zayas/Javier Zayas Photography/Getty Images News this week that the Federal Reserve was keeping interest rates frozen wasn’t received warmly by millions of borrowers. Elevated interest rates, after all, lead to elevated costs for everything from mortgage and personal … Read more