What is the rule of 72 for credit card debt (and why does it matter)?

• 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

• 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
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  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

• 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

• 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
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  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

• 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

More from CBS News

• NBA star expected to miss rest of season after blood clot diagnosis

  Victor Wembanyama is expected to miss the remainder of the season with deep vein thrombosis in his right shoulder, the San Antonio Spurs announced.
  
  CBS News - 35m

• 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 - 40m

• Latest news on legal cases involving Trump administration moves

  Two legal battles are ongoing over the federal funding freezes that are impacting nonprofits. This comes as courts receive cases on immigration and the charges against New York City Mayor Eric ...
  
  CBS News - 42m

• NATO forces train in Romania as world reacts to Trump's comments on Ukraine

  Around 10,000 NATO personnel participated in training in Romania as the U.S. stance on the Russia-Ukraine war appears to shift. CBS News' Haley Ott reports.
  
  CBS News - 59m

• Major U.S. cities face freezing cold temperatures that could set records

  More than 50 major U.S. cities could set records as the polar vortex sweeping through the nation peaks. CBS News meteorologist Jessica Burch has the latest weather forecast, and Dave Malkoff is ...
  
  CBS News - 1h

More in Top stories

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  Hochul to Seek New Oversight, but Won’t Remove Adams for Now

  Gov. Kathy Hochul of New York is said to be planning to announce that she will not remove Mayor Eric Adams at this time, but she will seek to increase the state’s supervision of New York City’s ...
  
  The New York Times - 14m
• 

  Kash Patel confirmed by Senate to be Trump's FBI director

  The Senate on Thursday confirmed Kash Patel's to lead the FBI under President Donald Trump.
  
  ABC News - 17m
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  Drug overdose deaths fall in 2023 for 1st time since pandemic began, CDC report finds

  Rates of drug overdose deaths decreased in the U.S. for the first time since the pandemic began, according to new federal data published Thursday.
  
  ABC News - 17m
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  Trump loyalist Kash Patel confirmed as FBI director

  Kash Patel, a longtime loyalist to President Donald Trump, was confirmed by the Senate Thursday to serve as the director of the Federal Bureau of Investigation.
  
  NBC News - 18m
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  A CDC vaccine committee meeting, the first of Kennedy's tenure at HHS, gets postponed

  A CDC vaccine advisory committee meeting scheduled for next week has been postponed. It was the first vaccine meeting since health secretary Robert F. Kennedy Jr. was sworn in.
  
  NBC News - 19m