Showing 61 to 72 of 89 results
US Credit Card Debt Reaches 12-Year High
A recent report reveals that 11% of US credit card holders made only minimum payments in Q3 2024, a 12-year high, coinciding with record $645 billion in revolving credit card balances and a surge in seriously delinquent payments, indicating a worsening consumer debt crisis.
US Credit Card Debt Reaches 12-Year High
A recent report reveals that 11% of US credit card holders made only minimum payments in Q3 2024, a 12-year high, coinciding with record $645 billion in revolving credit card balances and a surge in seriously delinquent payments, indicating a worsening consumer debt crisis.
Progress
52% Bias Score
Kennedy's $1.2 Million Credit Card Debt Exemplifies Record High US Credit Card Balances
Robert F. Kennedy Jr., President Trump's nominee for Health and Human Services secretary, carries between $610,000 and $1.2 million in credit card debt with interest rates of 23.24% to 23.49%, reflecting a broader trend of record-high American credit card balances totaling $1.17 trillion in 2024.
Kennedy's $1.2 Million Credit Card Debt Exemplifies Record High US Credit Card Balances
Robert F. Kennedy Jr., President Trump's nominee for Health and Human Services secretary, carries between $610,000 and $1.2 million in credit card debt with interest rates of 23.24% to 23.49%, reflecting a broader trend of record-high American credit card balances totaling $1.17 trillion in 2024.
Progress
44% Bias Score
Inflation Surge Delays Savings, Fuels Demand for Debt Relief in 2025
Rising inflation in late 2024, despite the Federal Reserve's interest rate cuts, is delaying expected savings and increasing the need for debt relief strategies, particularly for those with high credit card debt, home equity loan considerations, or collection calls.
Inflation Surge Delays Savings, Fuels Demand for Debt Relief in 2025
Rising inflation in late 2024, despite the Federal Reserve's interest rate cuts, is delaying expected savings and increasing the need for debt relief strategies, particularly for those with high credit card debt, home equity loan considerations, or collection calls.
Progress
44% Bias Score
Unemployment and Soaring Credit Card Debt Create Financial Crisis for Americans
Rising credit card debt, averaging $8,000 per cardholder, is compounded by unemployment, forcing many Americans into financial hardship due to high-interest rates and prolonged job searches.
Unemployment and Soaring Credit Card Debt Create Financial Crisis for Americans
Rising credit card debt, averaging $8,000 per cardholder, is compounded by unemployment, forcing many Americans into financial hardship due to high-interest rates and prolonged job searches.
Progress
40% Bias Score
Five Strategies to Reduce High Credit Card Interest Rates in 2025
With average American credit card debt exceeding \$8,000 and interest rates near 23%, multiple strategies exist to reduce interest charges, including balance transfer cards, negotiating lower rates, extra payments, debt consolidation, and the avalanche method.
Five Strategies to Reduce High Credit Card Interest Rates in 2025
With average American credit card debt exceeding \$8,000 and interest rates near 23%, multiple strategies exist to reduce interest charges, including balance transfer cards, negotiating lower rates, extra payments, debt consolidation, and the avalanche method.
Progress
44% Bias Score
\$2.7 Billion Christmas Debt Hangover for 1.7 Million Australians
Approximately 1.7 million Australians are in debt totaling \$2.7 billion due to Christmas spending, with an average debt of \$1634 per person; many will take six months or more to repay.
\$2.7 Billion Christmas Debt Hangover for 1.7 Million Australians
Approximately 1.7 million Australians are in debt totaling \$2.7 billion due to Christmas spending, with an average debt of \$1634 per person; many will take six months or more to repay.
Progress
40% Bias Score
Rule of 72: How Credit Card Debt Doubles
The "rule of 72" demonstrates how quickly credit card debt doubles, with a 24% interest rate resulting in doubling in three years; understanding this helps prioritize high-interest debt repayment for better financial outcomes.
Rule of 72: How Credit Card Debt Doubles
The "rule of 72" demonstrates how quickly credit card debt doubles, with a 24% interest rate resulting in doubling in three years; understanding this helps prioritize high-interest debt repayment for better financial outcomes.
Progress
48% Bias Score
Credit Card Debt Forgiveness: Weighing Benefits and Risks in a High-Rate Environment
High US credit card debt, driven by elevated interest rates (near 23%), increased spending, and inflation, is prompting many to explore debt forgiveness programs; however, these programs offer potential benefits like lower settlements and simplified repayment but come with risks such as credit score...
Credit Card Debt Forgiveness: Weighing Benefits and Risks in a High-Rate Environment
High US credit card debt, driven by elevated interest rates (near 23%), increased spending, and inflation, is prompting many to explore debt forgiveness programs; however, these programs offer potential benefits like lower settlements and simplified repayment but come with risks such as credit score...
Progress
48% Bias Score
Home Equity Loans: A Strategic Move to Tackle High-Interest Credit Card Debt in 2025
In 2025, using home equity loans or HELOCs to pay off high-interest credit card debt offers significant financial advantages due to lower (around 8% versus 23%) and fixed interest rates, but carries the risk of home loss if payments are missed.
Home Equity Loans: A Strategic Move to Tackle High-Interest Credit Card Debt in 2025
In 2025, using home equity loans or HELOCs to pay off high-interest credit card debt offers significant financial advantages due to lower (around 8% versus 23%) and fixed interest rates, but carries the risk of home loss if payments are missed.
Progress
52% Bias Score
High US Credit Card Debt Spurs Debt Consolidation Strategies
Soaring US credit card debt, averaging nearly \$8,000 per cardholder, is fueled by high interest rates (23% average, over 30% for retail cards) and persistent inflation, leading to debt consolidation as a common solution among consumers.
High US Credit Card Debt Spurs Debt Consolidation Strategies
Soaring US credit card debt, averaging nearly \$8,000 per cardholder, is fueled by high interest rates (23% average, over 30% for retail cards) and persistent inflation, leading to debt consolidation as a common solution among consumers.
Progress
48% Bias Score
Record-High Credit Card Debt Fuels Delinquency Crisis
As of Q3 2024, the average American credit card debt reached nearly $8,000, with a 9% delinquency rate, causing credit damage and leading to legal debt sales to third-party collectors, a practice permitted under federal law and regulated by the FDCPA.
Record-High Credit Card Debt Fuels Delinquency Crisis
As of Q3 2024, the average American credit card debt reached nearly $8,000, with a 9% delinquency rate, causing credit damage and leading to legal debt sales to third-party collectors, a practice permitted under federal law and regulated by the FDCPA.
Progress
28% Bias Score
Debt Collection: Consumer Protections Under the FDCPA
The Fair Debt Collection Practices Act (FDCPA) requires debt collectors to provide detailed documentation proving the validity of a debt (original credit agreement, account statements, etc.) when contacted; failure to do so makes collection efforts illegal; 53% of 2023 CFPB complaints concerned debt...
Debt Collection: Consumer Protections Under the FDCPA
The Fair Debt Collection Practices Act (FDCPA) requires debt collectors to provide detailed documentation proving the validity of a debt (original credit agreement, account statements, etc.) when contacted; failure to do so makes collection efforts illegal; 53% of 2023 CFPB complaints concerned debt...
Progress
44% Bias Score
Showing 61 to 72 of 89 results