Tag #Credit Card Debt

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High Credit Card Interest Rates Drive Consumers Towards Debt Forgiveness

US credit card debt totals \$1.18 trillion, up 6% year-over-year, with interest rates exceeding 21%, leading some to consider credit card forgiveness as a solution due to high rates and long processing times (24-48 months).

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Rising Credit Card Defaults: Causes, Consequences, and Solutions

Millions of Americans face potential credit card default due to rising inflation, economic uncertainty, and high-interest rates (nearly 22%), resulting in severe credit damage, legal action, and long-term financial consequences.

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High Credit Card Debt Persists Despite Q1 2025 Balance Decrease

High credit card debt persists despite a first-quarter 2025 balance decrease, remaining 6% above the same period in 2024; debt relief options including forgiveness, management programs, and consolidation loans are available, with surprising features like eligibility despite payment arrears or smalle...

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High Credit Card Debt Persists Despite Q1 2025 Decline

Despite a first-quarter 2025 decrease, credit card debt balances remain 6% higher than in the same period of 2024, highlighting the need for debt relief strategies such as credit card debt forgiveness, debt management programs, or debt consolidation loans, which may have surprising features such as ...

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Record High Overdue Credit Card Payments in Russia

As of early 2025, 2.35 million Russians have credit card debt overdue by more than 30 days, projected to reach 3.8 million by July, due to rapid credit card portfolio growth from 2021-2024, reaching almost 4.4 trillion rubles, and potentially impacting consumer spending and the economy.

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Credit Card Balances Decline, But High Interest Rates Pose Ongoing Challenges

U.S. credit card balances fell to $1.18 trillion in Q1 2025, down 2.4% from the previous quarter but up 6% year-over-year, reflecting ongoing challenges of high-interest rates exceeding 21% on average and the need for effective debt management strategies.

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High Credit Card Rates Spur June 2025 Debt Consolidation Push

High credit card interest rates (around 21% in June 2025) and the availability of lower-rate alternatives like home equity loans/HELOCs (around 8%) make debt consolidation an advantageous strategy to reduce interest payments and improve financial health, particularly given the daily compounding natu...

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Four Debt Relief Moves to Make Before June 1, 2025

With average US credit card debt at \$8,000 and interest rates near 23%, many are seeking debt relief before June 1, 2025; this article suggests four steps: budget reevaluation, realistic debt assessment, exploring debt relief options, and gathering required documentation.

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Credit Counseling: A Structured Path to Reducing High-Interest Credit Card Debt

Credit counseling helps manage high-interest credit card debt by creating a debt management plan with reduced interest rates and waived fees, providing a structured repayment process typically completed in three to five years.

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US Consumer Confidence Plummets to 50.8 Amid High Interest Rates and Inflation

US consumer confidence fell to its lowest level since July 2022 in May, declining 2.7% to 50.8, a 30% decrease year-to-date, driven by high interest rates and inflation despite recent cooling.

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High Credit Card Debt? Four Consolidation Strategies to Explore Now

Recent data shows a decline in credit card debt balances; however, high interest rates necessitate immediate action for those with high balances. Four key strategies include acting now, shopping around for lenders, determining the right approach (DIY or debt relief company), and exploring home equit...

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High Credit Card Interest Rates Spur Debt Consolidation Strategies

US credit card debt is falling, but high interest rates persist; debt consolidation through loans, HELOCs, or home equity loans is recommended to alleviate financial burden and simplify debt management.

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52% Bias Score

Reduced Inequality

Showing 25 to 36 of 89 results