Credit Card Debt Surges To A Record High

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.
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,
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.
Credit card debt hits record $1.17 trillion, New York Fed research shows
Collectively, Americans owe a record $1.17 trillion on their credit cards, according to a new report from the Federal Reserve Bank of New York. Still, credit card delinquency rates improved in the most recent quarter,
Record credit card debt tests the claim that America’s economy is strong
Total credit-card debt climbed to a record high of US$1.17-trillion in the third quarter, just as other types of consumer debt rose higher
What are the best ways to get rid of credit card debt in retirement?
Check your credit card debt forgiveness eligibility here. What are the best ways to get rid of credit card debt in retirement? If you're dealing with high-rate credit card debt in
Need Credit Card Debt Relief? Debt Management Could Help
When you’re having trouble paying a credit card bill due to circumstances beyond your control, some credit card issuers may be willing to work with you through a hardship plan.
Credit card debt among retirees jumps ‘substanitally’
More American retirees have credit card debt than before, a “substantial” jump over the last four years, a new survey found. Sixty-eight percent of retirees reported having outstanding credit card debt in 2024 compared with 40% in 2022 and 43% in 2020,
Why credit card rates remain high, even after interest rate cuts
Credit card interest rates remain high, in part, because the Fed's benchmark rate still stands at a historically high level, ...
I lost my dad to cancer and no final payment was made on his credit card, which I was an authorized user on. Now my credit score has taken a hit — can I reverse that?
Unfortunately, this can become a problem if you forget to pay off a credit card — especially if you also have a legal ...
Household Debt at New Record Is Squeezing Low-Income Americans
US household debt climbed to a fresh high last quarter, with rising incomes leaving many consumers able to manage the burden, ...
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What to do after paying off credit card debt
Even though your credit card debt is now off your plate ... or refinancing your mortgage to take advantage of the current record low-interest rates. Once you’ve refinanced, do your best to ...
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More debt and fewer rewards: Credit card trends to watch in 2023
As more Americans than ever applied for credit cards in 2022, credit card balances have also ballooned in record numbers ... which naturally leads to greater debt and delinquency overall.
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The real reason for record-high credit card rates? It's not what you think.
Record-high card rates have many cardholders ... for online purchase could be sign of a scam The nation’s total credit card debt stands at $1.3 trillion, as of August, according to WalletHub ...