Credit card debt hits a new record high: 3 ways to tackle yours now

• 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 - 5d

• 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 - 5d

• 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 - 4d
• 

  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 - 5d

• 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

• 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

• 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 - 9h

More from CBS News

• 2/18: CBS Evening News Plus

  Breaking down Trump's Ukraine comments, judge's DOGE ruling;
  
  CBS News - 10m

• Breaking down Trump's Ukraine comments, judge's DOGE ruling

  A federal judge said the Department of Government Efficiency's access to sensitive government agencies' data appears to be "unchecked authority of an unelected individual," but allowed the access ...
  
  CBS News - 10m

• Breaking down Trump's Ukraine comments, judge's DOGE ruling

  A federal judge said the Department of Government Efficiency's access to sensitive government agencies' data appears to be "unchecked authority of an unelected individual," but allowed the access ...
  
  CBS News - 10m

• Quick rebuild sought after L.A. wildfires, but same risks threaten area

  "If you build back exactly the same way, expect the same result," one expert says.
  
  CBS News - 12m

• Iditarod sled dog race starting line relocated over lack of snow

  The starting line of the Iditarod sled dog race is being moved from Anchorage to Fairbanks after it didn't snow for more than two weeks along the 20-mile stretch between the two cities.
  
  CBS News - 17m

More in Top stories

• 

  A$AP Rocky not guilty of firearm assault on LA street

  A former friend said the hip-hop star opened fire at him during a dispute on a Hollywood street in 2021.
  
  BBC News - 3m
• 

  DOGE is getting lists of the military's probationary workers from the Pentagon

  U.S. officials say Department of Government Efficiency staffers were at the Pentagon on Tuesday and receiving lists of the military's probationary employees
  
  ABC News - 4m
• 

  DOGE is getting lists of the military's probationary workers from the Pentagon

  U.S. officials say Department of Government Efficiency staffers were at the Pentagon on Tuesday and receiving lists of the military's probationary employees
  
  ABC News - 4m

• 2/18: CBS Evening News Plus

  Breaking down Trump's Ukraine comments, judge's DOGE ruling;
  
  CBS News - 10m

• Breaking down Trump's Ukraine comments, judge's DOGE ruling

  A federal judge said the Department of Government Efficiency's access to sensitive government agencies' data appears to be "unchecked authority of an unelected individual," but allowed the access ...
  
  CBS News - 10m