Credit card debt reached an all-time high of $1.2 trillion by the end of 2024, according to data from the Federal Reserve Bank of New York. On Wednesday, the Federal Reserve announced it was lowering ...

At first glance, credit card debt numbers in the United States look enormous. Consumers owe an astounding $1.233 trillion on their credit cards, according to the Federal Reserve, and the average ...

Farmington Hiills-based GreenPath Financial Wellness sees many consumers who turned to credit cards to make ends meet once ...

The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.

According to a recent Bankrate survey, 46% of respondents said they carry a credit card balance from month to month. NPR's Life Kit debunks some common myths and gives advice about credit card debt.