Americans are holding over $1 trillion in credit card debt, yet many are not quite sure what the monthly interest charge is, costing some spenders hundreds of extra dollars each month in addition to the monthly payment.
Inflation is taking a toll on back-to-school shopping expenses in 2023 as parents struggle with funding their children's education, supplies and extracurriculars, according to a survey.
The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.
The National Retail Federation has been pleading for Congress to pass the Credit Card Competition Act, even going as far as to launch a six-figure advocacy campaign.
Police in Oregon, Ohio, arrested Taco Bell employee Trevell Mosby on allegations that he made fraudulent transactions on fast-food customers' credit cards.
Californians and Texans hold the most credit card debt, according to WalletHub. U.S. consumers nationwide hold more than $1 trillion in credit card debt.
Personal loans have helped many Americans pay down high-interest debt and improve their credit scores amid high inflation and economic uncertainty, according to a report by TransUnion.
Missouri GOP Senator Josh Hawley introduced a bill that would cap credit card interest rates at 18%, which critics say could impact those with imperfect credit or consumers' rewards.
Consumer credit balances including credit cards reached trillions of dollars in Q2 2023 as Americans turn to credit cards to deal with high inflation and meet other needs. But there are many ways to pay off debt quickly.
High mortgage rates have brought average monthly mortgage payments to near-record highs as Americans deal with economic uncertainty. But there are ways to lower your monthly mortgage payments.
New research from Visa finds that small businesses are overwhelmingly open to the use of AI tools and automation to be more competitive, but are worried about keeping up with tech.
Overall card balance surged to a record high of $963 billion in the second quarter — Gen Zers debt represented the most significant share of this growth, according to TransUnion.
Intuit Credit Karma launched a new AI-powered tool called Intuit Assist that will help provide users with personalized financial advice on cash flow, budgeting, credit scores and more.
Paycheck-to-paycheck living isn't anything new, but the troubling trend is now impacting more Americans than ever as rising borrowing costs and inflation take a toll.
Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.
Fed Governor Michelle Bowman said additional interest rates may be needed to lower inflation to a preferred target range. But inflation has slowed in recent months, even as Americans dealt with record-high credit card debt.
Using credit cards for everyday spending, travel and to even pay monthly bills is a great way to build your credit score but there are some dos and don'ts even the most seasoned spenders need to know.
Subprime accounts made up a growing number of new accounts opened in the third quarter of 2022, according to a recent Scholaroo survey.
A new report from Wells Fargo indicates that late payments on credit card balances are rising - and may be a harbinger of recession in the U.S. economy.
Almost three-quarters of Americans expect the costs of sending kids back to school this year to be challenging, with most expecting to spend more on supplies, a recent U.S. News & World Report survey said.