Consumer credit posts small increase as Americans cut back on credit card purchases

Consumer credit posts small increase as Americans cut back on credit-card purchases

The amount of credit U.S. consumers used in September rose a scant 1.4%, but the increase was tied mostly to student loan as Americans scale back on borrowing.

Business - MarketWatch - November 7

7 credit card fees that increase the cost of your debt

Interest charges aren't the only things that can cause your credit card debt to balloon. These fees can, too.

Will credit card interest rates increase now that inflation is climbing?

Inflation ticked back up again in October, which could impact your credit card interest rates. Here's how.

Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds

Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.

Business - CNBC - November 1

Why credit card debt forgiveness is worth it even with more Fed rate cuts

Another interest rate cut was just issued. Here's why you should still pursue credit card debt forgiveness anyway.

Why credit card rates remain high, even after interest rate cuts

Credit card interest rates stand near a record high.

Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases

Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.

Business - MarketWatch - November 14

How to get rid of credit card debt without ruining your credit

You don't have to sacrifice your credit score to get rid of credit card debt. There are lots of routes to consider.

Will enrolling in a credit card debt management program hurt your credit?

Certain debt relief strategies can have a negative impact on your credit — but is debt management one of them?

How will a late credit card payment impact my credit score?

Just one delinquent credit card payment could have a big impact on the health of your credit. Here's how.

Will my credit score drop if I pay a credit card debt collector?

Paying off an old debt could have an impact on your credit score — but not always in the way you'd think.

How to qualify for a credit card hardship program this November

If you can't pay your credit card bills, a hardship program could provide relief, but you'll need to qualify first.

The cautionary tale of Goldman and Apple’s credit card

Retail banking is not only harder than it looks but also heavily regulated by watchdogs who take their duties very seriously

Business - Financial Times - October 30

Is it ever OK to ignore credit card debt collectors?

It can be tempting to ignore debt collectors' aggressive tactics, but it's generally not the best approach to take.

Can credit card debt in collections be forgiven?

There are lots of ways to deal with credit card debt that's in collections — but is debt forgiveness one of them?

How to Choose the Right Travel Credit Card

Fees, sign-up bonuses and whether the card is aligned with a particular hotel brand or airline are all factors in the decision.

Business - The New York Times - 6 days ago

JPMorgan’s Chase UK bank launches first credit card

Digital-only bank makes first foray into lending after amassing more than £20bn in deposits

Business - Financial Times - 2 days ago

When do late credit card payments show up on your credit report?

If you've made a late credit card payment recently, here's when it could start impacting your credit score.

Goldman and Apple fined $89mn over US credit card programme

Consumer regulator says companies ‘illegally sidestepped’ obligations in latest setback for struggling partnership

Business - Financial Times - October 23

Will credit card debt forgiveness cover my $3,000 debt?

Stuck with a $3,000 credit card bill? Here's how to get help now.

How far will credit card interest rates fall in November?

There may be another Fed rate cut on the horizon in November. Here's how it could impact credit card rates.

Credit card interest rates are surging: How to lower yours now

The average card rate now surpasses 23%, a record high. Luckily, there are rate-reducing strategies that can help.

How long can delinquent credit card debt be collected?

The timeline for collecting late credit card debt may surprise you. Here's how long debt collectors can pursue it.

How to have your credit card debt forgiven this November

Need to have your credit card debt forgiven? There are a few ways to pursue this type of debt relief now.

3 important credit card debt relief moves to make this November

Dealing with credit card debt issues? You may want to take these steps toward debt relief this month.

Can a 10-year-old credit card debt still be collected?

It's common for debt collectors to pursue old debts, but do you still owe the money? Here's what to know.

Will debt collectors sue over a $3,000 credit card debt?

A $3,000 credit card debt may seem minor, but some debt collectors could still aggressively pursue it. Here's why.

Can a 7-year-old credit card debt still be collected?

Credit card debt this old could still be collected on — but only in certain circumstances. Here's what to know.

What happens when a credit card charge-off is sold to a debt collector?

Has your charged-off debt been sold to a debt collector? Here's what you can expect to happen next.

How Fed Rates Influence Credit Cards, Loans, Savings and More

Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.

Business - The New York Times - November 7

Should I pay credit card debt that has been written off?

Paying off written-off debt may seem counterintuitive, but it can make sense in certain cases. Here's why.

When can a credit card company sue you for non-payment?

If your credit card debt goes unpaid for long enough, you could face legal consequences. Here's when it may happen.

Behind on your credit card bills this November? 3 options to consider

Missing credit card payments can have serious consequences, but there are ways to get your finances back on track.

Here's how your credit card debt can become uncollectible

If you're behind on your payments or are curious about your rights regarding old debt, here's what to know.

Credit card debt among retirees jumps — 'It's alarming,' researcher says

There's been a significant increase in the share of retirees with credit card debt since 2022, according to the Employee Benefit Research Institute.

Business - CNBC - November 11

Here's how to qualify for credit card debt forgiveness before 2025

Debt forgiveness could help you save money on what you owe, but you'll need to meet some requirements to enroll.

What are the best ways to get rid of credit card debt in retirement?

New research shows that retirees' credit card debt is growing. Here's how you can tackle yours now.

5 surprising credit card debt consolidation benefits to know

Drowning in credit card debt? Consolidation does more than you might think.

3 important things to know if your credit card debt goes to collections

If your credit card debt is delinquent and is now in the hands of a debt collector, here's what to know.

Latest in Consumer credit posts small increase as Americans cut back on credit card purchases

Topics