In the fourth quarter of 2024, U.S. credit card balances rose by $45 billion, reaching the $1.21 trillion mark — the highest ...

Griffin says one strategy to pay off debt is called the avalanche method. That’s where you pay off your debt with the highest interest rate first. Mathematically, it’s the quickest way to pay off debt ...

Oftentimes, you'll hear people say the only way to financial freedom is to become debt-free. That's a good goal to have, but ...

One often-underappreciated way to tackle debt is through debt settlement. Debt settlement groups can lower the amount you owe by negotiating with your creditors. Instead of paying the full debt, ...

However, many other kinds of debt, such as high-interest credit card debt, aren't so healthy for your finances. If you're in bad debt, you may want to seek debt relief. Learn more about your debt ...

Nearly half of Americans are carrying credit card debt, according to a recent Bankrate survey, and with interest rates ...

It's easy to feel overwhelmed by debt. Unpaid student loans, an ever-increasing credit card balance with high interest, a monthly car payment: these are just a few reasons why young consumers feel ...

A record-breaking share of credit-card accounts were paying only their minimum monthly bill at the end of last year, topping ...

You're not opening too many credit card accounts too soon." "Utahns have been known for good fiscal responsibility as a whole," added financial planner Shane Stewart of Deseret Mutual Benefits ...

Despite record-high annual percentage rates (APRs) for consumers, credit card debt grew at a slower rate in 2024 than it did in 2023. The total amount of consumer credit card debt in the U.S. grew ...