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Credit Cards
America is finding it harder than ever to pay off credit card debt. Total credit card debt is $1.115 trillion in 2024, according to the Federal Reserve. That’s up $129 billion in…
If you’re swamped in debt and it’s harder each month to at least pay your minimum credit card balances, inaction isn’t an option. But how do you tackle what could…
About Credit Card Hardship Programs Generally speaking, Americans are late in paying off credit card balances and the situation could get far worse after the devastating fallout from the coronavirus.…
What to Do When You Can’t Afford Credit Card Payments What happens when just meeting the minimum payments is beyond your means and you’ve come to the tough realization you…
The “Statute of Limitations” for credit card debt is a law limiting the amount of time lenders and collection agencies have to sue consumers for nonpayment. That time frame is set by…
If you’re contemplating a divorce, you may be wondering: how will credit card debt be divided? There are several factors that can influence who pays. Whose name is it in?…
With the rise of online shopping, there is no doubt that Americans are using credit cards more than ever. There’s also no doubt that a lot of them are wasting…
What Is Considered Bad Credit? Different lenders have different standards for what bad credit is, and the number is more important than the label that goes with it. The numbers…
Everyone knows the pitch. You’ve spent half an hour trying on clothes off the rack at a shopping mall department store, found three shirts that look perfect and take the…
How do you turn $20,000 into more than $42,000? If you’re talking about credit card debt, all you need to do is make minimum monthly payments. At a minimum payment…
Sources:
- N.A. (2023 May 11) Credit Card and Unsecured Personal Loan Balances Remain at or Near-Record Levels as Consumers Navigate Challenging Economic Climate. Retrieved from https://newsroom.transunion.com/q1-2023-ciir/
- Schulzx, M. (2023, July 10) 2023 Credit Card Debt Statistics. Retrieved from https://www.lendingtree.com/credit-cards/credit-card-debt-statistics/
- Dickler, J. (2023 June 20) Average Credit Card Rate is 20.69%, but 0% offers are still available, experts say. Retrieved from https://www.cnbc.com/2023/06/20/credit-card-rates-stand-at-a-record-20point69percent.html
- Brooks, K. (2023 May 15) Americans continue to pile up credit card debt, edging close to $1 trillion. Retrieved from https://www.cbsnews.com/news/credit-card-debt-total-us-data-2023/