The average balance per consumer now stands at $6,580—up 3.5% year over year, according to a recent report from TransUnion. Altogether, consumers owe a record $1.21 trillion on their credit cards, ...

It is common practice to administer a number of credit cards in the networked financial world of today. It can sometimes happen when there are unforeseen financial pressures, such as an upcoming ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Credit card debt has become a pervasive financial challenge ...

The debit card might as well make itself comfortable in the outer slot of America’s wallet. It reigns as the go-to payment method for everyday purchases, according to a U.S. News survey. But while ...

This story was originally published on Sept. 11, 2024, and has been updated. Want to avoid racking up credit card debt? John Kiernan, managing editor at the personal finance website WalletHub, shares ...

NEW YORK — Credit card defaults are on the rise for Americans, reaching the highest level in 14 years. U.S. credit card defaults jumped to a record $46 billion from January through September 2024, ...