Credit Card Debt Surges To A Record High

Here's how your credit card debt can become uncollectible
Being late on your credit card payments can have a negative impact on your finances. Not only will missing your credit card payments cause serious credit score damage, but making
Credit card debt rose by $24 billion in the third quarter
The Federal Reserve Bank of New York's Center for Microeconomic Data has released its latest Quarterly Report on Household Debt and Credit, revealing a sig
Credit card debt hit a record $1.17 trillion. It’s a red flag for budgets.
Americans are putting more on plastic, a sign that household cash flow is shaky and spending is unsustainable.
What should I do when a credit card debt collector contacts me?
Receiving a call from a debt collector can be a stressful experience. After all, if your debt is in collections, you may be worried about the potential impact the delinquent debt can have on your finances,
If You’re in Credit Card Debt, Forget About Rewards
More than 1 in 5 Americans (21%) have used a credit card to earn rewards in the past 12 months despite having credit card debt, according to a NerdWallet survey.
3 Tried-and-True Ways to Get Out of Credit Card Debt
Let's say you have three credit cards with balances of $1,000, $2,000, and $3,000. You would pay as much as possible to the $1,000 balance (let's say $200 per month) while making minimum payments on the others.
Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases
Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.
Got credit card debt? Don’t go into the red on Black Friday.
Before you get too excited about the holiday deals flooding your in-box, do the math. More often than not, a retailer’s discounts come with expensive caveats.
How credit card debt relief can impact your taxes
There are a few exceptions. If you manage to cancel your credit card debt through a gift or an inheritance, you won’t have to pay taxes on it; likewise, if your debt was canceled as part of certain types of bankruptcy. Because it’s risky and can damage your credit score, debt settlement is generally considered a last resort.
Credit card debt surges to another record high, New York Fed data shows
U.S. consumers have more credit card debt than ever before, hitting a fresh record $1.17 trillion last quarter, according to New York Federal Reserve data.
This Week In Credit Card News: Credit Card Debt Surges To A Record High
Credit Card Users Are Still Paying Off Last Year’s Holiday Debt Americans tend to overspend during the holiday season. In fact, some borrowers are still paying off debt from last year’s purchases. To that point,
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Texas Ranks 2nd In Nation For Credit Card Debt Spike
Texas ranks 2nd in the U.S. for credit card debt spikes, hitting an average household balance of $12,485 in Q2 2024. The ...
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California Extends Fair Debt Collection Statute To Cover Small Business Debts up to $500,000
The new legislation is the first of its kind to expand the regulation of debt collection from consumer transactions into the commercial space. Specifically, on and after July 1, 2025, the RFDCPA ...
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Can medical debt affect your credit?
including credit card debt, personal loan debt and medical debt. Medical debt won't affect your credit score until after a full year in collections, and even then only if it is more ...