What is the rule of 72 for credit card debt (and why does it matter)?
The rule of 72 exposes the true cost of procrastination when it comes to credit card debt. Here's how it works.
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.
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.
Here's How to Get Out of Credit Card Debt
It might seem impossible to get out of credit card debt. But that's not the case. Find out the best strategies to get out of debt now.
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.
US global leader in credit card debt
Americans have for a long time carried too much credit card debt, but new federal numbers say it's worse than ever. The FOX 5 I-Team's Dana Fowle has one simple thing you can do to get out of this crushing debt.
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.
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.
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.
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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.
What happens if you go over your credit card limit?
Going over your credit limit can result in declined transactions, over-the-limit fees and a possible decrease in your credit ...
From credit cards to medical debt: What may happen to some key consumer protection rules under Trump
The Consumer Financial Protection Bureau, the so-called cop on the beat protecting Americans from financial abuse, is now ...
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Credit card debt hits record high, but help is available | What you need to know
A newly-released report shows credit card debt soaring to record levels, with Americans owing more than $1.2 trilling at the end of 2024. The data, released Thursday by the Federal Reserve Bank of ...
Worried about your holiday debt? Clark Howard says you’re not alone. Here’s how to tackle it.
Channel 2 Consumer Advisor Clark Howard said only paying the minimum due each month on credit cards will leave you feeling ...
Managing Your Partner's Debt After Loss: What Surviving Spouses Need To Know
Understanding the different types of debt and how they are handled at death empowers you to reduce liabilities and preserve ...
Americans have always sought debt relief after the holidays. Now their struggle is year-round.
Digging out of debt used to be a new year tradition. The first three months of the year typically were the busiest for credit ...