This Week In Credit Card News: 37% Of Cardholders Are Maxed Out Of Their Available Credit
Americans Haven’t Been This Worried About Making Their Credit Card Payments Since the Pandemic Americans are growing increasingly anxious about mounting credit card debt. Debt balances have been growing,
Big Drop in Credit Card Debt
The Federal Reserve Board reported a 1.2% year-over-year decrease in August in revolving credit, which is a line of credit you can borrow against and pay over time. The same measure saw a 0.4% decrease in the June report, but there haven't been any other declines since 2020.
Credit Card Debt Woes: How 62% of Americans Are Accruing Interest on Everyday Purchases
Many Americans are stressed about their mounting credit card debt. Credit card debt in the U.S. has risen to $1.3 trillion overall, based on the latest data from August, according to a recent study by WalletHub.
Map Shows States With Worst Credit Card Debt
The top five states for worst credit card debt were as follows: Mississippi, Georgia, Louisiana, Alabama and Texas.
Here are 4 tips to get out of credit card debt
The average credit card balance has swelled to $6,329 — up 30% from 2021, according to TransUnion. As balances have grown, so have the number of people carrying debt. A recent Bankrate survey found that half of credit card holders carry debt from month to month — the highest share since March 2020.
Stuck with $30,000 in credit card debt? Here's how much a forgiveness plan can cover.
A $30,000 debt balance can be debilitating for your finances. Here's how much a forgiveness plan can reduce it by.
Credit Card Networks: What They Are and How They Work
Credit card networks allow banks to communicate with each other and process transactions. Visa, Mastercard, Amex, and ...
Behind The Pivot: Before Tomo Dropped Its Credit Card Business, It Defaulted On An SVB Loan
Tomo’s CEO said it had received $100 million in loan commitments to fund its credit card, but it repeatedly missed payments ...
4 Best Credit Cards for People Who Just Want One Card in Their Wallet
Are you looking to consolidate your credit card portfolio? Here’s a look at the best credit cards for people who just want ...
Credit card preapproval vs. prequalification: What they mean and how they impact your credit score
Preapproval takes things a step further. When you’re preapproved, the credit card company has reviewed your credit report ...
5 Smart Ways to Never Pay Credit Card Interest Again
Many credit cards charge interest rates of 20% or higher. Check out the best strategies to follow and never pay interest on ...
What is a secured credit card and how does it work?
A secured credit card functions similarly to a debit card. However, you’re essentially relying on your cash deposit, which is ...
Understanding credit card grace periods: What they are and how they work
Credit cards are powerful financial tools, offering convenience for large purchases and quick access to borrowed money. But ...