Survey: Nearly half of American credit cardholders still carry debt, many for at least a year
48 percent of cardholders are in debt, down slightly from earlier this year.
6 min read
Jan 08, 2025
Credit Card Debt
Whether you’re looking for the right credit card payoff strategy, or researching debt relief, our resources can help.
Bankrate's Latest Credit Card Debt Articles
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Can a credit card company come after my house?
If you own your primary residence, you may be wondering if creditors could get their hands on it.
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Understanding credit card addiction and how to get help
The sooner you seek help, the sooner you can take steps toward recovery.
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Can credit card companies garnish wages?
Wage garnishment is one of the final steps in the debt collection process.
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Even credit card writers make mistakes. How I’ve gotten myself into (and out of) debt
Everyone makes mistakes, including credit card writers. It’s how you react that makes the difference.
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5 ways a 0% APR credit card could actually hurt your credit
A 0 percent intro APR card can hurt your credit in some instances, so use it well.
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What is debt management?
If you are overwhelmed with debt, a debt management program could provide relief.
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What is a 1099-C Cancellation of Debt form?
You’ll receive a 1099-C form if a lender cancels $600 or more of your taxable debt.
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Can you get a balance transfer card with bad credit?
It can be difficult to qualify for a balance transfer card with bad credit.
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What debts can you transfer to a credit card?
You can transfer a variety of debt to cards, but not all cards accept all transfers.
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How to repair your credit in 5 steps
Employ the tactics outlined in this credit repair guide and get your score back on track.
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How to do a credit card balance transfer
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What is the limit for a balance transfer card?
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What credit score do you need for a 0% intro APR card?
Find out what credit score you need for a 0 percent intro APR credit card.
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You can, but a lot depends on credit utilization. Here’s what that means and how it factors into getting a mortgage.
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The psychological benefits of paying off debt
When debt is paid off, the benefits go well beyond the bank.
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Should I use a HELOC to pay off credit card debt?
It’s a good way to get those balances off your back, but beware the risks.
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How to get a business credit card with an EIN only
Depending on your business’ revenue and size, you may be able to apply for a business credit card using your EIN only.
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Guide to credit card minimum payments
Learn why it’s a good idea to pay more than the minimum every month, if you can.
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