3 simple ways to take control of your credit card debt this February
Between today's high rates and the recent uptick in spending, it's time to get your credit card debt under control.
Why Transferring Credit Card Debt Won’t Pay It Off
A new report finds that people are spending more on their cards and paying down less. Financial experts offer tips for reducing that debt, starting with looking at your spending habits.
How to break the credit card debt cycle
To break the credit card debt cycle you’re currently in, you’ll need to find a way to pay off the debts you have while avoiding new bills. The best way to do this involves creating a monthly budget, consolidating your debts to pay them off faster, building an emergency fund and not using credit cards for spending in the short-term.
Credit card debt hits a new record high: 3 ways to tackle yours now
Credit card debt has skyrocketed in recent months, and if you're carrying a balance, it's time to fix the issue.
Can you go to jail for credit card debt?
Creditors cannot have you arrested for credit card debt, but they can sue you for payment. If sued and you do not respond, a default judgment may award creditors everything they’ve asked for and result in garnishment of your wages or other actions to recover their losses.
Debt consolidation loan vs. balance transfer credit card
Debt consolidation loans and balance transfer cards have distinct advantages and disadvantages when it comes to paying off debt. Debt consolidation loans give you a definite payoff date with a fixed interest rate.
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.
Americans' credit card debt reaches new record high: New York Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.
This Week In Credit Card News: Credit Card Debt Still At Record Levels
The latest quarterly figures show that credit card debt hit another record level . getty. Americans Struggle With Record Credit Card Debt U.S. credit card debt reached a record $1
America's Credit Card Debt Hits $1.2 Trillion
High interest rates, stubborn inflation and continued consumer spending are among the factors that have lifted collective credit card debt to an all-time high of $1.21 trillion, a
Credit-card debt hit record $1.21 trillion after unusual holiday unptick in 2024
Credit-card debt in the U.S. hit another record after an unusually-high increase following the holidays. Debt from credit cards reached $1.21 trillion i
Debt consolidation programs: 4 things to know before enrolling
A debt consolidation program could be a smart debt relief option to use, but there are a few things to know first.
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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 ...
5 Ways Debt Consolidation Can Raise Your Credit Score
NEW YORK, NY / / February 9, 2025 / Debt can be a serious burden, and it's especially stressful when your credit score is low. If you're looking ...
Debt consolidation loan vs. debt consolidation program: Which is better with inflation rising again?
Increasing inflation could have an impact on the type of debt consolidation it makes sense to pursue right now.
Debt consolidation vs. debt payoff vs. debt counseling: What’s the difference between these strategies?
We break down three proven options for tackling debt that don't involve debt settlement or debt relief to help you understand ...