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Credit Cards
Running up $50,000 in credit card debt is not impossible. About two million Americans do it every year. Paying off that bill? Well, that’s not impossible either, though it is…
Using a credit card is sort of like going down one of those tall slides. It’s fun. But then at the end the ride ends and the climb back up…
Debt has consequences, some of which will surprise the average American. No, we’re not talking jail time. Debtor’s prisons were abolished nearly two hundred years ago, but untamed debt can…
Choose Your Debt Amount Consolidate Debt in Minutes Handling Credit Card Debt While Unemployed A strange thing happened when the COVID-19 economic shutdown hit the United States — millions of…
America is finding it harder than ever to pay off credit card debt. Total credit card debt is $1.115 trillion in 2024, according to the Federal Reserve. That’s up $129 billion in…
If you’re swamped in debt and it’s harder each month to at least pay your minimum credit card balances, inaction isn’t an option. But how do you tackle what could…
About Credit Card Hardship Programs Generally speaking, Americans are late in paying off credit card balances and the situation could get far worse after the devastating fallout from the coronavirus.…
What to Do When You Can’t Afford Credit Card Payments What happens when just meeting the minimum payments is beyond your means and you’ve come to the tough realization you…
The “Statute of Limitations” for credit card debt is a law limiting the amount of time lenders and collection agencies have to sue consumers for nonpayment. That time frame is set by…
If you’re contemplating a divorce, you may be wondering: how will credit card debt be divided? There are several factors that can influence who pays. Whose name is it in?…
Sources:
- Dilworth, K. (2021, June 2) Average credit card interest rates: Week of June 2, 2021. Retrieved from https://www.creditcards.com/credit-card-news/rate-report/
- Stobla, S.L. (2020, November 30) Credit Card Debt in 2020: Balances Drop for First Time in Eight Years. Retrieved from https://www.experian.com/blogs/ask-experian/state-of-credit-cards/
- N.A. (2021, April 13) Coinstar Survey Shows Americans are Development Good Budgeting and Saving Habits During COVID-19. Retrieved from https://www.coinstar.com/press-releases/coinstar-survey-shows-consumers-are-developing-good-budgeting-and-saving-habits-during-covid-19
- N.A. (2021, May 28) Personal Consumption Expenditures. Retrieved from https://fred.stlouisfed.org/series/PCE