Feeling desperate, Allan turned to AI for some help. The mom sent the following prompt to the chatbot: “I am in credit card ...

What's the best consumer option for paying down credit card debt? The answer is steeped in irony and may surprise you.

How to tackle credit card debt Credit card debt can be hard to pay down because the interest rates are so high — an average 21.47% as of November 2024 — and minimum required payments so low.

In the three-month period from October to December, total credit card debt surged to $1.13 trillion, an increase of $50 billion, or 4.6% from the previous quarter, according to the report.

This comes at a time when the average credit card interest rate in the U.S. is 24.92% – the highest since LendingTree began tracking rates monthly in 2019, the online lending marketplace ...

Life happens, and so does debt. Unexpected car trouble, the high price of food, a family emergency — there is no shortage of reasons why debt can pile up. In this episode, we offer shame-free ...

Plain and simple, credit card debt is the result of spending more than you can afford to pay back. A good budget could take some time to set up, but will ultimately act as a visual tracker of your ...

More Americans are leaning on their credit cards in the face of rising prices. And as interest rates continue to climb, that debt is getting a lot more expensive. The average credit card user was ...

As the Federal Reserve raises interest rates again, credit card debt is already at a record high, ... has reached 20.4% — the highest since its tracking began in the mid-1980s.

Debt management isn't always the best option — but it can provide big relief to the right type of cardholders. Getty Images When credit card bills start piling up, the weight of that debt can ...

NEW YORK (AP) — Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills.. The share ...