Credit Card Debt

Data from the Federal Reserve Bank of New York reveals that American citizens are coming perilously close to a trillion dollars in credit card debt at the end of 2022. If plastic use were a mountain, it would be the highest since the famed Fed began tracking it in...

Credit cards offer several benefits, including increased purchasing power, membership perks, building credit history and convenience. According to TransUnion, 500 million credit cards were issued by banks in the US in Q2 2022. This shows that many Americans use credit...

Credit cards are very interesting, in the sense that you can use them in a certain way and never have problems with debt. They're just a convenience. Many people use them for decades without an issue. On the other hand, they very often contribute to bankruptcy. It's...

At first glance, credit card settlement may seem like an incredible opportunity. If you have $10,000 or more spread out across three different cards, paying a fraction of what you owe to each of those companies can seem too good to be true. The reason that those debt...

When your credit card balances start to get high, they can be a source of stress. You may worry about your ability to pay the minimum amount due each month and have to pay over-limit fees on top of interest.  It may be even more stressful to have a high balance if you...

Used wisely, a credit card can be helpful. However, if you are not careful, a credit card can be a very expensive way to borrow, especially when you are taking longer to pay off what you owe if you are falling behind on the balance. You might have had a genuine reason...

Needing to wait until you get paid to make a purchase can be a frustrating experience. It can also be embarrassing if you don't have money to go out with co-workers or commit to a project for another week.  Credit cards help consumers by freeing up resources and...

Credit card debt can cause considerable stress – not to mention financial issues -- as it builds on itself and eats up your cash. Credit card companies often charge high interest rates, and there are usually high fees if a payment is late or missed. There are ways to...

The big argument for credit cards is that you should simply use them like cash. In other words, you should only charge as much as you would spend with cash anyway, and then you’ll be able to afford it. In fact, when done right, this can be beneficial. If your credit...

Credit cards can be very useful tools. These days, managing and balancing credit card debt can be a tall task. However, despite the stereotypes surrounding credit cards, getting into overwhelming credit card debt with them is not inevitable. Here’s how Florida...