Outstanding credit card and other revolving debt decreased $13.7 billion, the most since early in the pandemic, after surging a month earlier. Non-revolving credit, such as loans for vehicle purchases and school tuition,

Key Takeaways Total U.S. credit card debt fell 12% at an annualized rate in November, a plunge not seen since the onset of the pandemic.High interest rates and tightening lending standards by banks may be preventing people from using credit cards,

Unpaid medical debt will no longer affect credit scores, according to a new rule from Biden administration regulators who want to mitigate the financial repercussions of those bills.