Credit cards seem like a great deal. But interest rates, late fees, and the cycle of debt can come back to bite cardholders. Nearly half of U.S. credit card owners had an average of more than ...

However, that doesn't mean you're off the hook legally. If you ignore your credit card debt for long enough, the credit card company or a collection agency may decide to take other types of legal ...

I'm confident a balance transfer card was the right choice for my credit card debt. It saved me from paying interest every month and broke an intimidating $6,000 balance into manageable $300 chunks.

Consumers are collectively $1.12 trillion in credit card debt. ... "We see that on the front end of Achieve ... Henriquez's time living debt-free was short. He's back to being $20,000 in ...

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The average interest rate on credit card debt has soared to nearly 20%, ... Because it doesn't make sense to pay 20% interest to get 1 or 2 or even 5% back or airline miles," Rossman says.

If you have credit card debt, Rossman advised people to opt for a card with a generous 0% balance transfer term. It doesn't make sense to pay 20%, 25% or 30% APR just to get a couple percentage ...

Credit card debt is rising at its fastest clip in more than 20 years as Americans owe a record $986 billion on their credit cards, a 14.7% increase from a year ago. Jessica Shapiro–Fairfax Media ...

There are different options for credit card debt settlement. You can try the do-it-yourself approach or have an attorney or company settle debt on your behalf.

Money Management: Unlike previous generations, who relied on credit cards for purchases, today’s young consumers are increasingly wary of debt traps, high interest rates, and hidden charges.

A new poll has found that almost half of all Americans with credit-card debt are concerned over their ability to pay it back. The poll, conducted by Redfield and Wilton Strategies exclusively for ...

Jill Gonzalez, an analyst at consumer finance and credit research site WalletHub, said credit card debt has reached an all-time high of $1 trillion.