Credit Card Debt Surges To A Record High

Credit card debt hit a record $1.17 trillion. It’s a red flag for budgets.
Americans are putting more on plastic, a sign that household cash flow is shaky and spending is unsustainable.
3 times you should pay off credit card debt collections (and 3 times you shouldn't)
Start tackling your credit card debt that's in collections today. 3 times you should pay off credit card debt collections. Here's when it makes sense to pay off what you owe to a
This Week In Credit Card News: Credit Card Debt Surges To A Record High
Credit Card Users Are Still Paying Off Last Year’s Holiday Debt Americans tend to overspend during the holiday season. In fact, some borrowers are still paying off debt from last year’s purchases. To that point,
Credit card debt surges to another record high, New York Fed data shows
U.S. consumers have more credit card debt than ever before, hitting a fresh record $1.17 trillion last quarter, according to New York Federal Reserve data.
Credit card debt rose by $24 billion in the third quarter
The Federal Reserve Bank of New York's Center for Microeconomic Data has released its latest Quarterly Report on Household Debt and Credit, revealing a sig
Gen X is most likely to carry credit card debt, but Gen Z feels the most burdened by it
A new report shows debt burdens are high, but Gen Z remains optimistic about their financial future. It may not feel like it to some, but generational mobility is still alive and well in the United States, according to a new report from H&R Block.
Need Credit Card Debt Relief? Debt Management Could Help
If you’ve been denied a credit card hardship plan or offered terms that you can’t afford, credit counseling may get your finances on track.
What are the best ways to get rid of credit card debt in retirement?
Check your credit card debt forgiveness eligibility here. What are the best ways to get rid of credit card debt in retirement? If you're dealing with high-rate credit card debt in
Credit card debt among retirees jumps ‘substanitally’
More American retirees have credit card debt than before, a “substantial” jump over the last four years, a new survey found. Sixty-eight percent of retirees reported having outstanding credit card debt in 2024 compared with 40% in 2022 and 43% in 2020,
Credit card rates have barely budged, despite interest rate cuts. Here's why
Credit card debt climbed $24 billion over a three-month stretch ending in September, soaring to a level 8% higher than where ...
American Express credit card delinquency rate stable in October, charge-offs rise
American Express's credit card delinquency rate remained steady in October, while its net charge-off rate increased.
How to Choose the Right Travel Credit Card
Fees, sign-up bonuses and whether the card is aligned with a particular hotel brand or airline are all factors in the ...
Every Part of Your Credit Card Bill, Explained
If you want a healthy credit profile, you need to understand what exactly it says on your credit card bill. Here's how to ...
Identity Theft and Credit Card Fraud Statistics for 2024
Our experts reviewed the data to understand trends on identity theft, credit card fraud, and data breaches. Check out the ...
Credit card: Shall I surrender my two credit cards for more financial freedom? I feel it is putting unnecessary pressure on me
According to a recent report by PwC, the credit card market in India is projected to reach 200 million cards with a Compound ...
Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases
Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and ...
Costly care: How a federal rule would protect consumers credit from unpaid medical debt
The Consumer Financial Protection Bureau wants to eliminate all medical debt from credit reports. Will President-elect Trump ...