15 mins ago Finance 7 Views Credit card debt among Americans has always been high – CBS News Watch CBS News Credit card debt among Americans is approaching the trillions of dollars. And with the recent hike in interest rates, Americans can expect even higher rates. Tanya Rivero has the latest. Be the first to… Read More »
Editors Note: (This is excerpted from a story that originally aired on March 22, 2023.) New York (CNN) The Federal Reserve on Wednesday raised its main interest rate for the ninth time since last March. Whenever the Fed raises interest rates, the interest rates that banks charge their customers tend to follow suit. That means… Read More »
Gen Z are piling up credit card debt and falling behind on their payments faster than any other generation, says a new report. Kena Betancur/Getty Images Gen Z is racking up credit card debt faster than any other generation, according to a Credit Karma report. It was also the only group to see debt increases… Read More »
AsiaVision / iStock.com Americans are once again racking up debt after a brief slowdown during the height of the COVID-19 pandemic. By 2022, US consumers will add more than $1 trillion to the country’s overall debt burden compared to the previous year, according to a new report from Experian. That represented a “tremendous increase” not… Read More »
Dear Penny, I paid off my high interest credit card with a personal loan in August. In November, I got it back. Now I have personal loan payments plus high-interest credit card payments! What is wrong with me? Where can I get help? -E. Dear E, Instead of asking what’s wrong with you, a better… Read More »
It may take time, but it’s possible to get out of credit card debt. Key point Credit card debt is hitting an all-time high, with Americans in debt of nearly $1 trillion by the end of 2022. Paying off your credit card debt can be challenging, but it’s worth it. There are several strategies you… Read More »
BISMARK, ND (KXNET) — When it comes to credit card debt, old habits are hard to break. While most of us know the problems associated with overuse of credit cards, the last quarter of 2022 reported an all-time record for debt in the United States. A record $180.3 billion was added to Americans’ overall credit… Read More »
Rachel Covert, 37, from Massachusetts, works part time as a financial coach He went viral after sharing his hack to pay off credit card debt Covert suggests ditching your credit card and starting making lots of payments A financial expert who retired at the age of 36 has lifted the lid on a simple but… Read More »
3 mins ago Finance 1 Views Move over, Tax Day! This year, April 15 falls on a Saturday, so the IRS has moved the tax filing deadline to April 18. What are you going to do with all that extra time? Don’t worry, Visa is ready to help you. Visa recently notified its business networks… Read More »
It may help to know that if you have a lot of debt, you are not alone. Key point The average consumer owes $6,320.98 on their credit card. Since credit cards charge a lot of interest, paying off that debt as quickly as possible is key. You can try consolidating your debts through personal loans… Read More »