Debt
Public Debt Burden Survey 2023
In the current inflationary economic environment, more American consumers have more credit card debt than ever before. The Federal Reserve Bank of New York said overall credit card balances remained at a record high of $986 billion from the fourth quarter of 2022 to the first quarter of 2023. And a whopping 35 percent of […]
Why did my credit score drop after paying off the debt?
The content of this page is accurate as of the publication date; however, some offers from our partners may have expired. Browse our list of the best credit cards or use our CardMatch™ tool to find the cards that suit your needs. Dear Account Manager, I redeemed my Amex balance and TransUnion reduced my score […]
On the verge of collapse? 12 states with the highest levels of debt in the US
Some states are financially responsible, while others treat their annual budgets as a rough estimate. The average American household has about $137,000 in debt, according to the World Population Review, but that’s nothing compared to the huge debts some US states currently have. Budget problems Image Credit: Shutterstock. While it may be a little dramatic […]
How to pay off these 4 types of debt
Wise choice of bread Obtaining and avoiding debt is difficult. Many people try and fail, or succeed only to be trapped in a vicious circle over and over again. Eliminating debt takes a lot of courage and determination, and attacking your debt strategically will save you time, energy, and money. Before you get started, you […]
Pay off debt or invest: which is smarter?
If you recently received a promotion or cash gift, you might be wondering what to do about it. It may make sense to use it to pay off debt. However, depending on how much interest you pay, it may be a smarter financial move to invest money instead. Before you make that decision, you need […]
10 tips for people with $100,000 credit card debt
A member of a popular online financial planning community recently admitted to having $100,000 in credit card debt and seeking advice. The original poster (OP) read: “My wife and I have made bad decisions over the past 10 years and accumulated $101,000 in credit card debt. About $50,000 of that amount was spent on living […]
Poll: Nearly 75% of debtors have increased their credit card debt
It appears that with inflation rising over the past two years, it is becoming increasingly difficult for consumers to keep their heads above water financially. According to a YouGov survey for CreditCards.com in late 2022, about three-quarters (72 percent) of those with credit card debt increased last year. The majority of US consumers (70 percent […]
How to Manage Credit Card Debt in a Possible Recession
The content of this page is accurate as of the publication date; however, some offers from our partners may have expired. Browse our list of the best credit cards or use our CardMatch™ tool to find the cards that suit your needs. The US economy has grown steadily over the past 10 years, but job […]
Debt negotiations with credit companies
End of the month and time to pay the bills. You look at your credit card statement and see again that you can only make the minimum payment. This position is shared by many US consumers. As of the last quarter of 2021, the average U.S. credit card balance was $5,589, according to Experian. If […]
His friend’s stupid comment led to him being arrested at a bus stop and now he refuses to pay his $400 debt
Phew. This guy really made his friend dirty and went to the Internet to check. For the sake of his story, we’ll call him Bill. So, Bill and his friend James are running errands late at night. Since Bill no longer drives, he relies on friends, so James was driving. James drove over a stop […]