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Credit card debt

Credit card debt and delinquencies are on the rise, reports find

by Adrian Jhonsan
Credit card debt and delinquencies are on the rise, reports find

Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per …

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Categories World

How to effectively use credit cards for summer travel

by Monica Lozano
How to effectively use credit cards for summer travel

Klaus Vedfelt | Digitalvision | Getty Images If you plan to spend money on travel as the days get longer, sunnier and warmer, be careful: It could leave you with …

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Categories Travel

Average credit score at every age in the U.S.

by Adrian Jhonsan
Average credit score at every age in the U.S.

Although Americans’ average credit scores recently dropped for the first time in a decade, many appear to be maintaining a relatively healthy score. The average credit score dipped by one …

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Categories World

Credit scores decrease for the first time in a decade, FICO reports

by Adrian Jhonsan
Credit scores decrease for the first time in a decade, FICO reports

Consumers have been increasingly relying on credit cards to make ends meet, and it may be finally catching up with them. The national average credit score, which has steadily increased over the …

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Categories World

CFPB caps credit card late fees at $8

by Adrian Jhonsan
CFPB caps credit card late fees at

The days of double digit late fees for late credit card payments may be coming to an end. On Tuesday, the Consumer Financial Protection Bureau finalized a rule that will …

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Categories World

Credit card users can save over $400 a year by switching issuers: CFPB

by Adrian Jhonsan
Credit card users can save over 0 a year by switching issuers: CFPB

Olga Rolenko | Moment | Getty Images The nation’s largest credit card companies typically charge higher interest rates than small banks and credit unions — and switching may save the …

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Categories World

56 million Americans have been in credit card debt for at least a year

by Adrian Jhonsan
56 million Americans have been in credit card debt for at least a year

Americans are increasingly leaning on their credit cards. Altogether, card balances now total $1.08 trillion, according to the latest quarterly report from the Federal Reserve Bank of New York, a new …

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Categories World

This strategy can help you meet your financial New Year’s resolutions

by Adrian Jhonsan
This strategy can help you meet your financial New Year’s resolutions

Young woman counting money. Jose Luis Pelaez Inc As the calendar turns to a new year, many Americans are vowing to change their money habits. To that point, 48% of …

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Categories World

‘Girl Math’ returns as shoppers navigate holiday shopping finances

by Adrian Jhonsan
‘Girl Math’ returns as shoppers navigate holiday shopping finances

Pedestrians walk through the festively decorated Burlington Arcade luxury shopping arcade in London, UK, on Monday, Dec. 4, 2023. Inflation in UK shops has fallen to a 17-month low as …

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Categories World

How America racked up a $1 trillion credit card bill

by Adrian Jhonsan
How America racked up a  trillion credit card bill

Americans have accumulated a record-breaking $1 trillion in credit card debt. This comes as the Federal Reserve’s interest rate hikes have caused average interest rates for credit cards to spike …

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Categories World
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