There are other options available to borrowers instead of accepting a high interest rate loan from a payday lender. Alternatives show that there is no reason to accept unfavorable loan terms.

It's important for a growing business to establish its own credit history, separate from the owner's personal credit and legitimizing it in the eyes of lenders.

Gene Epstein breaks down the economic fallacy that proclaims if the stock of consumer credit is declining, it means that the flow of new credit has dried up.

The easy of extension of credit to much deeper socioeconomic levels is over. Now some families are struggling to pay off mounds of debt.

Paying 20% interest on credit card debt on the one hand, while earning 2% on a bank savings account on the other, gets you nowhere fast.

Banks have already tightened credit standards in this down economy, but with the Credit Card Act going into effect next year, banks are taking new measures to protect themselves.

Paying off debt is generally a good idea, even when the funds come from savings. However, there are some situations where it's wise to keep some cash even at the expense of higher debt. Here's how to decide what's right for you.

Although debit card growth recently eclipsed credit card growth, credit cards still have many advantages over credit cards. Five primary advantages center around consumer protection issues.

Financial scam artists' recent successes prove both their own resilience as well as law enforcements' shortcomings in their inability to stop them.

Despite reporting a net profit of $7.6 billion for the quarter ended March 31, banks are still reaning from the credit crisis as the number of banks on the FDIC's "problem" list grew to 305.