Latest in Americans struggling with credit card debt, record number only making minimum payments
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Couple balances 15 credit cards with no debt—it's helped them save nearly $500,000, but expert warns the strategy 'isn't for everyone'
A military couple uses 15 credit cards to maximizes rewards while carefully avoiding debt by never carrying a balance.CNBC - 17h -
Americans struggling with credit card debt, record number only making minimum payments
A report from the Philadelphia Federal Reserve shows a record-high number of Americans are only paying the minimum monthly payment on their credit card bills, peaking at nearly 11% of all accounts ...CBS News - 1d -
What is the credit card debt collection process?
Understanding these steps can demystify the process and help you find the right approach to get rid of your debt.CBS News - 2d -
A record number of consumers are making minimum credit cards payments as delinquencies also rise
The share of active holders just making baseline payments on their cards jumped to a 12-year high, a Philadelphia Federal Reserve report said.CNBC - 2d -
'I got a credit card as I lost winter fuel payment'
Pensioners who lost winter fuel money after government changes tell the BBC the last few months have been a struggle.BBC News - 3d -
RFK Jr. reports up to $1.2M in credit card debt, $30M net worth
From law firm payouts to endorsements and book deals, nominee for HHS secretary Robert F. Kennedy Jr. raked in at least $12 million in the past two years.ABC News - 3d -
Record number of consumers are making minimum credit cards payments as delinquencies rise
Consumer stress has intensified, with an escalating share of credit card holders making only minimum payments on their bills, according to a Philadelphia Federal Reserve report.NBC News - 3d -
How much snow has fallen? Map shows record-breaking numbers
Snow totals in Louisiana have broken records. Parts of Florida, Texas and Georgia have also accumulated several inches of snow.CBS News - 4d -
Netflix shares jump as it adds record number of subscribers
Streaming pioneer’s total number of customers passes 300mn as it receives boost from live sportsFinancial Times - 4d -
Why you should use home equity to pay credit card debt in 2025
A home equity loan could be a smart and effective way to pay down your credit card debt this year. Here's why.CBS News - 4d -
4 ways to lower your credit card debt while unemployed
Reducing your credit card debt could provide serious relief if you're in between jobs. Here's how to do it.CBS News - 4d -
How do you prove a credit card debt is uncollectible?
Proving that your old credit card debt is uncollectible could save you a lot of hassle — and a lot of money.CBS News - 4d -
What's the minimum credit score for a home equity loan in 2025?
A good credit score plays a critical role in the home equity borrowing process. Here's what owners should know for 2025.CBS News - 5d -
Is a HELOC better than a credit card in 2025?
A HELOC could be better than a credit card this year, thanks to these three big reasons.CBS News - Jan. 16 -
Managers roll out record number of defence funds in Asia-Pacific
A total of 15 military-themed funds launched in the region in 2024 compared with just one in 2023Financial Times - Jan. 16 -
3 credit card debt consolidation strategies worth considering now
You have lots of debt consolidation solutions to consider, but some could make more sense than others now.CBS News - Jan. 14 -
What credit counseling can (and can't) do to help with your debt
Before you take advantage of credit counseling, it may help to know what outcomes you can expect.CBS News - Jan. 13 -
Record number of journalists dead in Gaza war
The conflict between Israel and Hamas has been especially deadly for the people documenting it.CBS News - Jan. 13 -
8 ways a credit card debt lawsuit can be dismissed
If you're being sued over delinquent credit card debt, there are a few ways you could get the lawsuit dismissed.CBS News - Jan. 10 -
What happens if you deny a credit card debt settlement offer?
There are times when it makes sense to deny a debt settlement offer, but there could be repercussions for doing so.CBS News - Jan. 9 -
How to pay less interest on credit card debt in 2025
There are multiple ways to pay less interest on your credit card debt this year. Here are five to explore now.CBS News - Jan. 9 -
Can you take out a HELOC with high credit card debt?
A HELOC is one of the most affordable borrowing options right now, but can you qualify for one with a lot of debt?CBS News - Jan. 8 -
What happens when you lose a credit card debt collection lawsuit?
A few different scenarios could occur if a judgment is issued against you for your old credit card debt.CBS News - Jan. 8 -
Nearly half of credit card users are carrying debt — it may take months, or years, to pay off
Nearly half of Americans are starting off the new year in the red. And of those carrying credit card balances, many say it could take years to pay off.CNBC - Jan. 8 -
5 important credit card debt relief moves to make this January
Certain moves may help you break free from credit card debt, experts say. Here are five to explore this month.CBS News - Jan. 8 -
New rule bans medical debt from credit reports
A new rule issued by the outgoing Biden administration will ban medical debt from appearing on people's credit reports. It's estimated the move will raise credit scores for around 15 million ...CBS News - Jan. 7 -
Can I qualify for credit card debt forgiveness with a low credit score?
A low credit score could limit your debt relief options — but will it make you ineligible for debt forgiveness?CBS News - Jan. 7 -
Webb telescope spots record number of stars in distant galaxy
A phenomenon called gravitational lensing turned a galaxy into a "hall of mirrors of cosmic proportions," allowing for the discovery.CBS News - Jan. 7 -
Biden administration finalizes rule to strike medical debt from credit reports
U.S. consumers will no longer have medical debt appear on their credit reports under to a new rule the CFPB finalized Tuesday.NBC News - Jan. 7 -
Medical debt banned from credit reports by new Biden administration rule
Unpaid medical bills will no longer appear on credit reports under a final rule announced by the Biden administration.CBS News - Jan. 7 -
New federal rule will remove medical debt from credit reports
A new rule on medical debt could affect millions of Americans' credit scores.ABC News - Jan. 7 -
Biden Administration Moves to Ban Medical Debt From Credit Reports
The future of the new rule remains in question, however, with President-elect Donald J. Trump set to return to the White House this month.The New York Times - Jan. 7 -
CFPB finalizes rule barring medical debt from credit reports
The Consumer Financial Protection Bureau (CFPB) on Tuesday finalized its rule barring medical debt from being included on credit reports, potentially freeing up billions in credit. The finalized ...The Hill - Jan. 7 -
Is it legal for a credit card company to sell your delinquent debt?
There are a few routes your credit card company can take when you're late on payments — including selling the debt.CBS News - Jan. 6 -
What proof must credit card debt collectors provide for a debt?
Debt collectors must provide proof that a debt is valid. Otherwise, they have to stop their collection efforts.CBS News - Jan. 6 -
3 big reasons to pursue credit card debt forgiveness this January
Debt forgiveness can be a smart way to move forward from your high-rate card debt — especially right now.CBS News - Jan. 2 -
Number of migrants arriving in Canary Islands by sea set new record in 2024
Total of 46,843 people broke the 2023 record, with nationals from Mali, Senegal and Morocco the most common. A record 46,843 people reached the Canary Islands illegally in 2024 via the increasingly ...The Guardian - Jan. 2 -
El Salvador closes 2024 with a record low number of homicides
El Salvador closed 2024 with a record low 114 homicides, continuing notable security gains under a second full year of a state of emergency that has given the government extraordinary powers and ...ABC News - Jan. 2