Minimum credit card payments are rising: How to tackle your card debt now
A mericans are increasingly struggling with their credit card debt, with the number of cardholders making minimum-only payments painting a concerning picture of consumer financial
Why American credit-card delinquencies have suddenly shot up
Recent data published by the Federal Reserve Bank of New York show that the proportion of American credit-card debt in serious delinquency—with balances at least 90 days overdue—surged to 11% in the final quarter of last year (see chart 1).
Want to get out of credit card debt? Here’s how this couple paid off $27,000 in 18 months
Tana Williams and her husband found themselves in nearly $27,000 in debt after a series of emergency expenses came up, coupled with years of overspending. To get out of debt, they came up with a new budget, started taking on side hustles to earn extra income and found a debt management method that worked for them.
What is the credit card debt statute of limitations (and why does it matter)?
The answer lies in the statute of limitations, which is a legal timeframe that determines how long a lender or collection agency can take legal action against you for unpaid debts
Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Credit card balances jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and are now 7.3% higher than a year ago.
Carded: Many Americans struggle with credit card debt
Got credit card debt? There are several ways to approach paying it off. Consumer Investigator Rachel DePompa talks to NerdWallet about different debt repayment strategies.
Would you date someone with credit card debt? Here's what Americans say
A new survey reveals how Americans view credit card debt in relationships, with some saying it's a dealbreaker and others setting financial limits.
Why transferring credit card debt won’t pay it off
Credit card debt is weighing on many Americans. The share of credit card holders making just the minimum monthly payment is at a 12-year high, a report shows.
Americans' credit card and household debt reach all-time high
Americans' credit card debt set a new record of $1.2 trillion in the last quarter of 2024, while overall household debt reached a new high of about $18 trillion, the New York Fed found.
Americans face uphill battle when it comes to managing rising debt
A new report by the Federal Reserve Bank of New York shows all major loan categories are on the rise, with credit card balances topping $1.2 trillion-dollars.
American credit card debt pushes to new record high once again
Following the trend of the last several months, Americans’ household debt has increased once again to new record highs, according to the Federal Reserve Bank of New York.
South Florida man shares story of struggle with thousands of credit card debt
CBS News Miami's Joe Gorchow reports how the man is working his way out and the nonprofit that helped him out.
RFK Jr. Reports $1.2M Credit Card Balance. How Much Credit Card Debt Is OK?
Newly confirmed HHS Secretary Robert F. Kennedy Jr. recently reported owing $610,000 to $1.2 million in credit card debt.
Rising Debt, Delinquency, and Lenders’ Challenges
By the end of 2024, Americans’ credit card debt reached an all-time high of $1.21 trillion—up $45 billion from the previous quarter and 7.3% higher than in 2023. A major factor in this increase was ...
Worried about your holiday debt? You’re not alone. Here’s how to tackle it
Only paying the minimum due each month on credit cards will leave you feeling like you are not making a dent in your balance.
How to qualify for debt relief in 2025
That's not the only debt issue Americans are facing, either. Total household debt has also reached a new record, and credit ...
Does Texas have a debt problem?
Yet a handful of recent studies point out a not-so-bright side of the state’s economy: Texas might have a personal debt ...
President Trump wants to cap credit card interest rates at 10 percent. Is that even possible?
Credit card interest rates are too damn high, according to an unlikely combination of politicians who’ve recently drawn ...
CNET3d
Got Fair or Average Credit? Here's How a Credit Card Can Help Raise Your Score Even Higher
Look for cards with low fees and transparent terms, and don't forget to continue practicing good credit habits.