The math backs her up. If you have an average credit card balance of around $6,600, a 20% interest rate and only make the ...

According to a recent survey, 40% of Americans with credit card debt are under the impression that making minimum payments is an effective way to manage their debt.

Credit card debt is at an all-time high. American consumers carry a combined balance of $1.2 trillion, according to a recent report from the Federal Reserve Bank of New York. A key reason ...

Home equity loans and HELOCs have lower interest rates than credit cards, encouraging some homeowners to use them to pay off their bills.

credit card debt numbers in the United States look enormous. Consumers owe a record $1.211 trillion on their credit cards, and the average American credit card debt balance is $6,380. We've ...