U.S. credit card defaults soar; total debt hits 12-year high
The share of credit card holders making only minimum payments on their bills rose to 10.75% in the third quarter for 2024, the highest it's been in 12 years, the Fed's data shows. That percentage has ...
Record-high credit card interest rates and fees are bogging down consumers. Here’s how to avoid them.
US Banks & Branch Offices used resources from the Consumer Financial Protection Bureau and other groups to learn about credit ...
More People Are Only Paying The Minimum Payment As Credit Card Balances Rise
Higher interest rates that increase borrowing costs appear to be creating a growing financial strain on consumers.
How to avoid record-high credit card interest rates, fees
Monthly credit card statements are causing consumers ongoing stress and concern. Here are a few tips on how to avoid ...
How do you prove a credit card debt is uncollectible?
C redit card debt has become a serious issue for millions of Americans. In late 2024, the total amount of U.S. consumer credit card debt reached a record-breaking $1.7 trillion na ...
US credit card debt just hit a new record of $1.17 trillion — how can Americans dig their way out of this hole?
It’s no surprise that Americans often rely heavily on credit cards to make ends meet. And with a recent period of rampant ...
Independent Record5d
Here's what you need to know about credit card defaults
Credit card defaults are on the rise for Americans, reaching the highest level in 14 years. Here’s what you should know.
The Salt Lake Tribune3d
Record-high credit card interest rates and fees are bogging down consumers. Here’s how to avoid them.
credit card interest rates reached a record high of nearly 22%. When borrowers aren’t paying off their monthly balances and overextending on purchases, they can still accrue a mountain of debt ...
Record number of consumers are making minimum credit cards payments as delinquencies rise
Consumer stress has intensified, with an escalating share of credit card holders making only minimum payments on their bills, ...
Americans are defaulting on credit cards at record levels, says new report — here’s how to protect yourself in 2025
Americans are defaulting on credit cards at record levels, says new report — here’s how to protect yourself in 2025 Credit ...