Tag #Credit Card Debt

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Turkish Bank Credit Rises as Deposits Fall Sharply

During the week of June 5th, 2025, Turkish bank credit rose by 16.7 billion lira to 18.9 trillion lira, while deposits fell by 92.3 billion lira to 22 trillion lira, driven by increased credit card debt (2.19 trillion lira) and non-performing loans (412.4 billion lira).

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Slight Credit Card Interest Rate Decrease Offers Limited Relief Amidst High Debt

Credit card interest rates have fallen from a record high of 23.37% in November 2024 to 21.37% currently, offering slight relief to consumers burdened by an average of $8,000 in credit card debt; however, further rate reductions are anticipated in 2025, alongside the recommendation to explore debt r...

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48% Bias Score

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Six Steps to Manage Maxed-Out Credit Cards

This article details six steps to manage maxed-out credit cards: stop using them, review payments, explore balance transfers or debt consolidation loans, consider debt management plans, create a crisis budget, and consider supplemental income.

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36% Bias Score

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Debt Consolidation vs. Forgiveness: Which Saves More?

Millions of Americans struggle with high-interest credit card debt, leading many to explore debt consolidation or debt forgiveness; debt consolidation offers lower interest rates and improved credit, while debt forgiveness reduces the principal balance but severely impacts credit scores.

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48% Bias Score

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High US Credit Card Debt Demands Urgent Action Despite Recent Decline

US credit card debt declined by \$29 billion in Q1 2025 to \$1.18 trillion, yet remains high, representing a 6% year-over-year increase; high interest rates and unlikely near-term relief necessitate immediate action by borrowers to explore various debt solutions.

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52% Bias Score

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Credit Card Debt Forgiveness Gains Traction Amidst Economic Hardship

High credit card debt (average \$8,000) and record-high interest rates (23% last fall) are driving increased interest in debt forgiveness programs, offering potential balance reductions of 30-50%, but requiring minimum debt, payment delinquency, and financial hardship.

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52% Bias Score

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Debt Relief Companies: Benefits and Limitations for Credit Card Debt

Debt relief companies negotiate lower settlements (30-50% savings) with creditors and offer debt consolidation programs, providing financial education and structured debt management to consumers struggling with high credit card debt in the US.

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40% Bias Score

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Inflation Rise Exacerbates Credit Card Debt Crisis; Forgiveness Programs Offer Lifeline

May's 0.1% inflation rise adds to Americans' financial strain, particularly impacting credit card users facing over 20% interest rates and considering debt forgiveness programs requiring eligibility verification, servicer comparison, and documentation gathering for July approval.

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48% Bias Score

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Slight Credit Card Interest Rate Dip Offers Limited Relief Amidst High Debt

Credit card interest rates have fallen slightly from a record high of 23.37% to 21.37%, offering limited relief to consumers with an average debt of $8,000; further gradual decreases are anticipated, but proactive debt management strategies are recommended.

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52% Bias Score

Reduced Inequality
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High US Credit Card Debt Persists Despite Q1 2025 Dip

US credit card debt totaled \$1.18 trillion in Q1 2025, down slightly from late 2024 but up 6% year-over-year; high interest rates (over 21% average) and compounding hinder repayment, necessitating proactive debt management strategies.

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48% Bias Score

Reduced Inequality
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High US Credit Card Debt Demands Action: Four Relief Options Explored

High US credit card debt, totaling over \$1 trillion, is up 6% year-over-year despite a slight recent decrease; four debt relief options are presented: balance transfers, debt consolidation loans, debt management programs, and debt forgiveness.

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40% Bias Score

Reduced Inequality
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Slight Credit Card Debt Drop Masks High Balances, Urgent Relief Needed

US credit card debt fell by $29 billion in Q1 2025 to $1.18 trillion, but remains high (6% up year-on-year), averaging near $8,000 per borrower, prompting the need for urgent debt relief exploration.

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48% Bias Score

Reduced Inequality

Showing 13 to 24 of 89 results