More people are carrying credit card debt, and it costs more than ever
A trio of concerns are affecting credit card borrowers: More people are carrying debt, rates are at record highs and balances are way up, too.
3 min read
Jan 20, 2023
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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Recession-proof your finances, pay off credit card debt now
Paying off your credit card debt now can make you more financially resilient later.
5 min read Jan 05, 2023 -
Student credit card debt statistics
Building credit in college is a great idea — if you can avoid unnecessary debt.
5 min read Dec 21, 2022 -
The history of credit cards
Credit cards have a long history, dating back to ancient civilizations.
6 min read Dec 20, 2022 -
How would credit card issuers react to a recession?
A recession appears increasingly likely; here’s what it could mean for the credit card industry.
5 min read Nov 04, 2022 -
Scary financial situations and how to avoid them
Here are a few scary financial situations to be mindful of — and how to avoid them.
4 min read Oct 28, 2022 -
Credit card trends in 2023
Here are some credit card industry trends we anticipate in 2023.
5 min read Oct 10, 2022 -
Can you go to jail for credit card debt?
You won’t necessarily go to jail for credit card debt, but you may end up in court.
4 min read Aug 04, 2022 -
What young adults wish they knew about money sooner
Personal finance doesn’t have to be trial and error. Here are six tips young adults wish they’d known earlier in life.
6 min read Jun 22, 2022 -
Residual interest: What you need to know
If you’re carrying a balance on your credit card, residual interest can easily sneak up on you when trying to pay it off.
4 min read Mar 21, 2022 -
Can credit card companies garnish wages?
Wage garnishment is one of the final steps in the debt collection process.
4 min read Mar 18, 2022 -
Tally review: An app that helps you pay off credit card debt
Tally consolidates your credit cards into one low-interest line of credit so that you only have to make a single payment.
5 min read Dec 14, 2021 -
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.
3 min read Sep 13, 2021 -
56% of Gen-Z and Millennials ready to take on debt to celebrate end of pandemic
As travel restrictions lessen and more entertainment venues open back up again, Gen Z and Millennials are itching to celebrate the ‘end’ of the pandemic. However, a recent survey suggests that many [...]
4 min read Jul 28, 2021 -
Want to get out of credit card debt? Here’s how this couple paid off $27,000 in 17 months
Are you wanting to get out of credit card debt that you may have accumulated? Read for a story of how one couple did it successfully, and read their tips on how to get out of debt, too.
5 min read Jul 08, 2021 -
Credit card debt is down 17 percent—let’s keep the habit going
Credit card debt has seen a significant decrease during the pandemic, but there are questions about how to continue and maintain this. Read our take on how to do so.
4 min read Jun 04, 2021 -
Surge in Hispanic applicants seeking financial disaster assistance; Help is on the way
A massive increase in the number of Hispanic applicants seeking financial disaster assistance has prompted JPMorgan Chase and Money Management International (MMI) to team up to address the situation. The [...]
3 min read May 14, 2021 -
How to pay your mortgage with a credit card
Learn how to earn credit card rewards by paying off your mortgage.
6 min read Sep 04, 2020 -
Credit card delinquencies take a nosedive during pandemic, according to report
Despite record unemployment and massive pay cuts in many industries, there has been a notable drop in credit card delinquency rates since January 2020.
2 min read Aug 25, 2020 -
3 surprises about credit cards and COVID-19
It has been about five months since the COVID-19 pandemic ramped up in the U.S. So far, there have been three credit card developments that have really surprised me. Keeping up with the bills Back in March, [...]
3 min read Aug 03, 2020
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