Credit card debt climbed to a record high in the third quarter of 2023, surging nearly 5% from the previous quarter and leaving a growing share of borrowers late on payments, a Federal Reserve ...

With the average credit card interest rate coming in at 21.37% as of February 2025, credit card debt is really expensive. Minimum payments barely cover the interest.

Consumers are combating inflation with a record-setting arsenal of credit card debt — to the tune of $1.18 trillion. That's the second-highest credit card debt total in US history.

Credit card debt hits a record high in the U.S., while a once-popular teen social media app sees a sharp decline.

American credit card debt has surged to an astronomical $1.18 trillion, with a significant number of individuals reportedly concealing their financial predicaments.

Americans' total credit card balance is $1.2 trillion as of the first quarter of 2025, and when you adjust for inflation, we're actually carrying less debt burden than we were back in 2008.

Millennials, individuals born between 1981 and 1996, saw the second-highest increase in credit card debt between April and June at 2.55%, with an average debt of $6,959, according to Credit Karma.

Coincidentally, a credit-card company is suing me for $1,000. If you have any tips for getting them to just accept a settlement instead of the full amount, I’d appreciate it.

Having your debt forgiven could provide you with serious relief, but you'll need to know which types of debts will qualify. Getty Images Americans are carrying a lot of debt right now — and for ...