Survey: More cardholders carrying balances, credit card debt
More Americans are carrying more credit card debt than ever. The costs can be steep.
6 min read
Aug 02, 2024
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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How to negotiate debt with credit card companies
Come prepared to your credit card debt negotiation.
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What to do when you get sued for credit card debt
What to do when you’re sued for credit card debt, including how to settle credit card debt before going to court.
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Can you be liable for a spouse’s credit card debt?
You are generally not responsible for your spouse’s credit card debt unless you are a co-signer for the card or it is a joint account. But some state laws vary and you may be liable for this debt.
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Is closing a credit card bad?
Closing a card can increase your credit utilization, which can hurt your score.
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Which debt should you pay off first? Five options to consider
There are benefits to tackling your smallest debt first and working your way up.
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How long does a bankruptcy stay on your credit report?
A bankruptcy will stay on your credit report for a number of years depending on when you actually filed as well as the type of bankruptcy.
4 min read Apr 23, 2024 -
Average credit card debt in the U.S.
American credit card balances rose to $1.13 trillion in the last quarter of 2023
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Best credit cards after bankruptcy
Picking up a credit card after bankruptcy may seem like a huge risk, but this step could actually be crucial to your financial recovery.
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The debt dilemma: Unveiling generational challenges amidst rising income
Learn to outsmart inflation and pay down your debt.
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Why you should pay your credit card every two weeks
To help keep your credit utilization low, credit card industry analyst Ted Rossman recommends a twice-monthly payment schedule.
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Tis the season to swipe: Where you live could impact your holiday credit card debt
Can where you live may affect how much debt you’ll take on this holiday season?
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Buy now, pay later continues to surge — but is that a good thing?
Many Americans are using buy now, pay later this holiday season.
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Should I put medical bills on a credit card?
Medical bills can be overwhelming, but credit cards may not be the solution.
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72% of higher earners are in credit card debt for at least a year: What is the best way to attack your credit card debt?
As surprising as it sounds, high earners tend to carry debt longer. Here’s why.
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2023 first-time credit card statistics
Here’s what first-time cardholders should know about credit cards.
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Americans’ expenses are rising faster than their paychecks
High inflation and interest rates are leading many Americans to rely on credit.
3 min read Sep 15, 2023 -
Survey: Half of American cardholders now carry credit card debt, many with no plan to pay it off
More Americans are carrying more credit card debt than ever. The costs can be steep.
8 min read Aug 10, 2023 -
U.S. credit card debt reaches all time high, exceeds $1 trillion
Credit card debt reaches an all-time high in Q2 2023
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Credit card statistics by race and ethnicity
Racial disparities persist in some Americans’ credit scores and debt balances.
6 min read Jun 07, 2023
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