The latest Fed data shows the average American has a credit card balance creeping up to $8,000. The interest rates are now charging more than 21% on those balances.
Once you’ve reached the point where you need credit cards to make ends meet, it can be tough to get out of debt. We’ve helped more than 10 million Americans with their credit card debt.
There’s more than one way to get out of credit card debt. The articles below cover the latest news along with educational resources for all Americans to free themselves of high-interest credit card debt.
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Debt.com’s survey shows 45% rely on credit due to price increases, exposing fragile finances.
If you can’t afford to pay back everything you charged, even with consolidation, debt settlement offers a fast and easy way to get out of debt for a percentage of…
New research shows the second quarter of 2023 was historically bad – which portends even worse news for the beginning of 2024.
Last October, the U.S. Government reported credit card balances hit a record-high $1 trillion in the summer of 2023.[1] More than 8 in 10 Americans use credit cards, with many…
A typical credit card can have an annual fee, a cash advance fee, a foreign transaction fee, a balance transfer fee, and a late payment fee. Fortunately, many credit card…
Know these realities before hitting the ATM or cashing that convenience check for a costly credit card advance.
Credit limits are an essential component of the credit card industry, as they determine the maximum amount of money a cardholder can borrow from the issuing bank. These limits can…
Important note: This page provides general tips on how to answer a civil summons for credit card debt. Please be aware that articles on Debt.com are only intended to provide…
You make credit card payments on time, month after month, but it seems like you never manage to put a dent in the amount you owe. If this sounds like…
If you have multiple credit card balances that you need to pay off, debt consolidation can help you get out of debt faster. You find a way to roll all…
If you want to get out of credit card debt, there’s one big thing that will stand in your way—high interest rates. Credit cards have interest rates that usually run…
Learning a new country’s financial system can be a nightmare. Luckily, we’ve put together this guide to help get you up to speed on the United State’s financial system and…
Here’s how to ensure you can make monthly payments on high-balance credit cards.
If you’re working to pay off your high-interest rate credit card balances, start here! This guide covers six proven ways to pay off credit card debt, from do-it-yourself solutions to…
We explain how the Federal Reserve rate hikes affect you, and what you should and shouldn’t do when they happen.