Tag #Credit Card Debt

Showing 37 to 48 of 89 results

cbsnews.com
🌐 75% Global Worthiness
News related image

Record US Household Debt Fuels Demand for Debt Forgiveness

US household debt hit a record $18.04 trillion in Q4 2024, with rising delinquencies in credit cards and auto loans; debt forgiveness offers potential relief for some but not all debt types.

Progress

48% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
News related image

High Interest Rates and Inflation Fuel Credit Card Debt Crisis

High credit card interest rates (averaging nearly 22%) and persistent inflation are causing widespread financial hardship, leading many to rely on credit cards for necessities, compounding debt problems, yet several expert options are available to address this.

Progress

40% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
News related image

Credit Card Debt Burdening Older Americans

A recent AARP survey reveals that nearly half of Americans over 50 carry credit card debt, with over half owing \$5,000 or more, often using cards for essential expenses and impacting their financial and mental health as retirement nears.

Progress

40% Bias Score

No Poverty
cbsnews.com
🌐 85% Global Worthiness
News related image

Record High Credit Card Minimum Payments Signal US Financial Strain

A record 11.12% of US credit card accounts made only minimum payments in Q4 2024, exceeding the previous high and indicating widespread financial difficulty; delinquencies also reached a record high.

Progress

40% Bias Score

No Poverty
cbsnews.com
🌐 65% Global Worthiness
News related image

Record Credit Card Debt Creates Hardship Amid Economic Uncertainty

A recent Fed report reveals record-high consumer credit card debt and increasing late payments, creating financial hardship amid unpredictable inflation, interest rate fluctuations, and a recent stock market decline; understanding what not to do is crucial for successful debt management.

Progress

44% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
News related image

Record-High US Credit Card Debt Fuels Demand for Forgiveness Programs

US consumers ended 2024 with \$1.21 trillion in credit card debt, a \$45 billion increase from the previous quarter, leading to higher delinquency rates. Debt forgiveness programs offer relief, but require planning and take two to four years.

Progress

48% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
News related image

High Credit Card Interest Rates Strain Seniors

High credit card interest rates, averaging 21.91%, are financially straining many Americans, especially seniors with limited income, leading some to explore debt forgiveness options despite associated risks.

Progress

44% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
News related image

High Credit Card Debt Prompts Americans to Explore Debt Forgiveness Amidst Economic Uncertainty

High credit card interest rates and inflation create financial hardship for Americans, prompting exploration of debt forgiveness as a potential solution for managing high-rate debt, even amidst recent inflation decreases and the Federal Reserve's rate decisions.

Progress

52% Bias Score

Reduced Inequality
cbsnews.com
🌐 65% Global Worthiness
News related image

Credit Card Debt Forgiveness for Seniors: Avoiding Costly Mistakes

Seniors with $5,000-$10,000 in credit card debt and payment difficulties may qualify for debt forgiveness programs offering up to 50% debt reduction, provided they demonstrate financial hardship; however, they should avoid making minimum payments during application.

Progress

48% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
News related image

Falling Inflation Offers Little Relief for Record US Credit Card Debt

March inflation fell to 2.4%, but record US credit card debt (\$1.2 trillion) and rising delinquencies indicate ongoing financial hardship for many Americans, prompting the consideration of debt forgiveness programs despite the inflation drop.

Progress

52% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
News related image

Record High US Credit Card Debt Amid Inflation and High Interest Rates

US credit card debt reached a record $1.21 trillion in late 2024, with rising delinquencies reflecting consumer struggles amid persistent inflation and unchanged interest rates, necessitating effective debt management strategies.

Progress

48% Bias Score

Reduced Inequality
cbsnews.com
🌐 65% Global Worthiness
News related image

\"Record High US Credit Card Debt Fuels Financial Strain in 2024\"\

US consumers held \$1.21 trillion in credit card debt by the end of 2024, a \$45 billion increase from the previous quarter; late payments also increased, indicating financial strain; debt forgiveness programs are available, but require extensive preparation and take 2-4 years.

Progress

56% Bias Score

Reduced Inequality

Showing 37 to 48 of 89 results