Credit card debt is growing fast in today's economy. Between the average credit card interest rates sitting above 23% and interest charges compounding daily, even small purchases can balloon into large balances.

Americans are putting more on plastic, a sign that household cash flow is shaky and spending is unsustainable.

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,

F alling behind on credit card payments can be a tough issue to deal with, but it becomes even more challenging when your debt is sent to collections. When that happens, the frien

A Employee Benefit Research Institute survey found that more than two-thirds of retirees had outstanding credit card debt, up from 40% in 2022.

If you’ve been denied a credit card hardship plan or offered terms that you can’t afford, credit counseling may get your finances on track.

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

Sixty-eight percent of retirees reported having outstanding credit card debt in 2024 compared with 40% in 2022 and 43% in 2020, according to the Employee Benefit Research Institute’s 2024 Spending in Retirement Survey.

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.