Latest in Credit Card Debt
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How to Pay Off Credit Card Debt
A new report finds that people are spending more on their cards and paying down less. Financial experts offer tips for reducing that debt, starting with looking at your spending habits.The New York Times - Feb. 7 -
3 simple ways to take control of your credit card debt this February
Between today's high rates and the recent uptick in spending, it's time to get your credit card debt under control.CBS News - Feb. 11 -
Americans' credit card debt reaches new record high: Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.ABC News - Feb. 13 -
3 things to say (and 3 not to) when asking for credit card debt forgiveness
The debt forgiveness negotiation process is a delicate dance, and just one wrong move could cause big issues.CBS News - 5d -
What is the rule of 72 for credit card debt (and why does it matter)?
The rule of 72 exposes the true cost of procrastination when it comes to credit card debt. Here's how it works.CBS News - 2d -
What is the credit card debt statute of limitations (and why does it matter)?
Understanding the statute of limitations on your credit card debt can have a big impact on how you handle it.CBS News - 1d -
RFK Jr. had up to $1.2 million in credit card debt — what experts say about tackling high balances
Robert F. Kennedy Jr.'s recent financial disclosures show a "massive" amount of credit card debt, according to experts.CNBC - Feb. 7 -
Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.CNBC - Feb. 13 -
Credit card debt hit $1.21 trillion. Here's why 'no one should be surprised,' expert says.
Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York.NBC News - 6d -
Credit card debt hits a new record high: 3 ways to tackle yours now
Credit card debt has skyrocketed in recent months, and if you're carrying a balance, it's time to fix the issue.CBS News - 6d -
One-third of Americans have more credit card debt than emergency savings: Survey
Millennials were most likely to have more debt than savings, with 42% falling into that category.The Hill - 6d -
DOGE Puts $1 Spending Limit on Government Employee Credit Cards
The restrictions are already in place at the General Services Administration along with several other agencies. Soon they’ll roll out to most of the federal government, sources say.Wired - 3h -
A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates would have unintended consequences.CNBC - Feb. 7 -
You only need 2 or 3 cards to maximize rewards, says credit expert—here's how to choose
The key to building a credit card strategy is to tailor your card usage to how you already spend, experts say.CNBC - Feb. 11 -
Expert on why the Capital One-Discover merger could reshape credit card industry
The Capital One-Discover merger is a step closer to reality, with shareholder approval clearing the way for federal review. The deal would push Capital One ahead of Citi in the credit card ...CBS News - 1d -
New brackets, deductions and credits for taxes
It's tax filing time and if you're working on your 2024 return then you might be seeing changes with brackets, rates and other parts of the tax code. CBS News business analyst Jill Schlesinger has ...CBS News - Feb. 11 -
A sovereign debt restructuring furniture review
What have we learned from the recent spate of government bankruptcies?Financial Times - Feb. 12 -
Does bankruptcy clear tax debt?
Clearing your IRS tax debt by filing for bankruptcy may not be as simple as you think.CBS News - Feb. 12 -
Angola’s sanctions debt mystery — solved?
No one expects the Ost-West Handelsbank! (Or do they?)Financial Times - 2d -
How to qualify for debt relief in 2025
If you want to qualify for debt relief this year, it helps to first know the requirements for each option.CBS News - 1h -
Giménez credits Milan fans for his strong start
Mexico forward Santi Giménez has said he is playing well because of the confidence the coaching staff, teammates and fans at AC Milan are giving him.ESPN - 2d -
GM credits Trump for USA-Canada's 'political flair'
Bill Guerin, GM of the U.S. hockey team, said he would welcome a visit from President Trump and credits him for adding a "political flair" to the matchup vs. Canada.ESPN - 1d -
Secured vs. unsecured debt: Everything to know now
Knowing what's at stake with secured and unsecured debt could help protect your assets.CBS News - Feb. 13 -
Americans are piling on debt at a furious pace, as tariffs loom
Credit-card bills and car loans swelled at the end of 2024.MarketWatch - Feb. 13 -
How Trump Could Get Us Into a Debt Crisis
A blowup will be sparked not by government spending but from political malpractice.The New York Times - 2d -
Why you should consider debt relief this March
Several factors indicate a tough March for consumers with debt. Find out what you can do about it.CBS News - 2h -
Debt consolidation loan vs. debt consolidation program: Which is better with inflation rising again?
Increasing inflation could have an impact on the type of debt consolidation it makes sense to pursue right now.CBS News - Feb. 12 -
What happens now after Slot's red card?
What happens now after Arne Slot's red card at Everton?BBC News - Feb. 13 -
Judge rejects defamation claim by ex-Cards exec
A federal judge in district court in Arizona dismissed claims of defamation by former Cardinals executive Terry McDonough against the team and its law and PR firms.ESPN - 6d -
The small companies behind the booming greeting card industry
America's greeting card industry generates about $7.5 billion a year, including about $1.4 billion in spending on Valentine's Day alone. But it's not just big companies like Hallmark and American ...CBS News - 5d -
Bellingham: I was misunderstood in red card drama
Jude Bellingham was sent off with a straight red card in Real Madrid's game at Osasuna after he reportedly said something inappropriate to the referee.ESPN - 4d -
Venus sets return with Indian Wells wild card
Venus Williams has been awarded a wild card to play in next month's BNP Paribas Open, which would mark her first tournament play in a year.ESPN - 1d -
Trump says Russia holds 'the cards' in peace negotiations
The US leader tells the BBC he trusts that Moscow wants to see an end to the war in Ukraine.BBC News - 15h -
1 in 5 taxpayers are missing out on thousands with this tax credit
The IRS estimates one in five eligible taxpayers don't claim the earned income tax credit on their tax returns, missing out on thousands of dollars.The Hill - Feb. 10 -
We're buying more of an entertainment giant that didn't get credit for a strong quarter
The post-earnings decline, which took shares below $110 each, presents an opportunity to add to our position.CNBC - Feb. 11 -
Treasury fears UK watchdog will give it little credit for pro-growth reforms
Chancellor Rachel Reeves is braced for a steep downgrade by the Office for Budget Responsibility to its forecasts for outputFinancial Times - Feb. 12 -
Fitch flags ‘contagion growth’ threat as banks load up on private credit
Private credit has become an increasingly popular asset class, with investments from insurance carriers and pension funds to drive returns.MarketWatch - 6d -
Woman Pleads Guilty in Covid Tax Credit Scheme That Netted $33 Million
A Nevada business owner prepared and filed false tax returns to fraudulently obtain Covid relief money for her businesses and others, prosecutors said.The New York Times - 5d -
UBS offers sabbatical perk to former Credit Suisse staff only
Disparities in some benefits remain almost two years after UBS rescue mergerFinancial Times - 4d