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).
How I Paid Off $6,000 in Credit Card Debt
Once you've paid off your credit card debt, avoid carrying a balance again. Make a monthly plan for how much you can afford to charge on your credit card and pay it off in full when the bill comes due. "The key thing to remember is not to go into debt again after things are paid off," says Choi.
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
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.
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.
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.
This Strategy Can Help You Get Out of Credit Card Debt Without Paying Interest
Getting out of credit card debt can seem impossible. Find out how you can avoid paying interest on your credit card debt.
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.
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.
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.
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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How To Consolidate Credit Card Debt
Keeping up with due dates and minimum payments can feel overwhelming, but consolidating your credit card debt offers a path to regaining control of your finances. Credit card consolidation ...
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 ...
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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.