Nearly half of credit card users are carrying debt — it may take months, or years, to pay off
Nearly half of Americans are starting off the new year in the red. And of those carrying credit card balances, many say it could take years to pay off.
2024 American Household Credit Card Debt Study
NerdWallet’s annual report shows that household credit card debt growth has slowed, and the gap between wages and cost of living increases has narrowed over the past five years. Still, many Americans are struggling with their balances.
How to pay down your credit card debt
Financial experts have several methods to help clients pay down credit cards and set realistic spending plans for the future.
5 important credit card debt relief moves to make this January
Certain moves may help you break free from credit card debt, experts say. Here are five to explore this month.
Pay off that holiday credit card debt
The holidays are behind us now, but credit card bills are still ahead of us. The FOX 5 I-Team's Dana Fowle explains why you should make it your first priority to tackle that debt.
New Survey: Nearly half of credit cardholders carry debt
Many people start the year off with the goal of paying down their credit card debt. A new survey by Bankrate shows nearly half of all cardholders carry debt month-to-month. During the holiday season it's easy to swipe the card and make purchases.
Can I qualify for credit card debt forgiveness with a low credit score?
A low credit score could limit your debt relief options — but will it make you ineligible for debt forgiveness?
3 Warning Signs That You Have Too Much Credit Card Debt
Americans now carry 8% more credit card debt than a year ago and owe $6,239, on average, as rising prices and higher interest rates strain our wallets and make repaying our outstanding balances more difficult.
Experimenting with asking banks to lower credit card interest rates
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
Ask an Advisor: How Can I Pay Off $31K in Credit Card Debt in 2 Years?
I am 37 years old, married with three children. I have a credit card debt of $21,000 with a 24% interest rate. I also have a time-limited, no-interest credit card balance of $10,848 that is due September 2023.
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These newlyweds paid off $21,000 in credit card debt by following their own rules—here's exactly how they did it
Visit americanexpress.com to learn more. In 2014, Michael Lacy and his wife set a goal of paying off $21,000 of credit card debt in one year. But eight months into the journey, he was laid ...
How to handle holiday debt after Christmas ends
This comes a few weeks after Christmas when those bills are starting to come in. It is known as 'Santa Shock.' ...
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4 Steps to Becoming Debt-Free in 2025
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When to use a personal loan to pay off credit card debt
Using a personal loan to pay off credit card debt could be a smart move if you can secure a lower rate or are juggling multiple credit card payments Paying off credit card debt with a ...
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Best Credit Cards For Paying Off Debt Of 2025
Ben is a credit cards and luxury travel writer ... We’ll review the best cards for paying off debt and highlight their best attributes.
Paying off festive debts - the dos and don'ts
Here, we reveal 5 dos and 4 don’ts to help you manage and reduce your festive debts. Jot down all the credit card, store ...
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Credit Card Mistakes You Shouldn't Repeat in 2025
The Federal Reserve may have cut interest rates last year, but credit card APRs are still well over 20%. If you carry a ...