Learn what credit card debt is, its impact on your credit score, and strategies to manage it effectively. Improve financial decisions with our expert insights.

One of the greatest challenges currently facing the United States is the massive amount of credit card debt that American families are facing. According to the Federal Reserve Bank of New York 2025 ...

Credit card debt is expensive and potentially bad for your credit score. The most cost-effective method for paying it off is typically the debt avalanche strategy.

Make a list of your credit card debt, from the highest interest rate to the lowest. Decide how much extra you can spare. First, focus on the credit card with the highest interest rate and continue ...

Half of Americans are in some sort of credit card debt. If that’s you and you’d like to change that in the New Year, 5 On ...

The result of high prices when living on a fixed income is an increased need to turn to credit cards to cover expenses. And if you're unable to repay the credit card in full each month, you're left ...

While carrying a balance on your credit card should never be your first choice, it's growing increasingly unavoidable for many Americans. The most recent New York Fed report on household debt and ...

Many Americans with credit card debt, especially high earners, lie about the amount they owe. The average credit card debt is $7,321 with an average interest rate of 21.4%, contributing to a national ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. You can get rid of credit card debt ...

Credit card balances just keep climbing nationwide, with borrowers now owing over $1.23 trillion in collective credit card debt. As a result, millions of Americans are feeling the increased pressure ...

Struggling with credit-card debt in retirement? Before dipping into your RRSP or RRIF, here’s what to know about taxes, benefits and alternatives. Should you cash out some of your RRIF monies to pay ...