Credit card debt set to hit $1T as chronic inflation crushes Americans
Federal Reserve data released Monday is expected to show that U.S. households are carrying $1 trillion in credit card debt, the highest level on record.
How and when you should check your credit scores
Checking your credit score can help you in many ways, especially if you're about to take out a new line of credit such as new credit card or a new loan from a bank.
Inflation may add to what you'll spend this Mother's Day
Inflation and rising costs mean Americans will spend more on Mother's Day. The National Retail Federal forecasted that shoppers will spend a record $274 per person on gifts for moms this year.
Here’s why consumers' credit scores got a boost in March: Report
Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit tier decreased, according to VantageScore.
Proposed credit card late fee reduction could cost some consumers more, surveys say
The CFPB announced an extension of the comment period for proposed changes to credit card late fees regulations.
The pros and cons of buy now, pay later
While buy now, pay later plans offer financial flexibility, they introduce a high risk of debt, and can leave the user unprotected if something goes wrong.
What are sound financial strategies to pay down credit cards?
Personal loans, 0% balance transfer credit cards and debt repayment are all options for paying down credit card balances and maintaining healthy finances.
Inflation and rising costs pushes Americans to make risky financial choices: Survey
High inflation and interest rates pushed 35% of Americans to drain cash from emergency savings and 26% have skipped or are considering becoming delinquent on their credit cards, a recent survey from Achieve said.
5 smart ways to consolidate credit card debt, and 5 you should never do
Consolidating credit card debt could help you get a lower interest rate and potentially pay off your debt faster. Learn how to consolidate credit card debt here.
Walmart sues Capital One in credit card brawl
Walmart has filed a lawsuit against credit card partner Capital One. The retailer did so in connection to the contract it has with Capital One for the bank to issue its cards.
Should you ask your credit card issuer for a credit limit increase? Here are the pros and cons
Increasing your credit spending limit allows you more spending power, but introduces more risks. Requesting a high credit limit isn't difficult, but there are factors to consider.
Best credit card consolidation loans of 2023
Want to manage your credit card debt? Learn how credit card consolidation loans can help you reach your financial goals.
Apple Pay Later launches after a six-month delay
Apple announced the soft launch of its long-awaited buy now, pay later service option for Apple Wallet.
Expecting a tax refund? Smart ways to use the extra cash
If you received a tax refund this year, there are many different ways to spend your cash to benefit you in the long term, including investments and an emergency fund.
Many Americans with medical debt struggling to pay bills: Survey
Americans said they are struggling with healthcare bills or delaying medical decisions and many said they wouldn't be able to comfortably cover medical costs that exceeded $249, according to a recent survey.
Visa, Mastercard, Discover pause work on code that would track gun purchases
Major payment processing companies have paused work on a plan to track when cardholders make purchases at gun stores, dealing a blow to gun-control advocates.
Higher wages and social security checks led to increase in consumer spending: BofA
Credit and debit card use on BofA brand cards rose 5.1% year-over-year annually compared to 2.2% the month before, the bank said.
Buy now, pay later users more likely to experience financial distress: CFPB
Buy now, pay later users are more likely to rely on other credit products and high-interest rate financial instruments than non-users of BNPL, a recent Consumer Financial Protection Bureau (CFPB) report said.
DoorDash, Chase launch credit card even as economy slows
DoorDash and Chase have launched their first joint credit card, with MasterCard as the exclusive payments network. The card offers cash back both on and off the DoorDash platform.
Visa, Mastercard pause crypto push in wake of industry meltdown
Visa, Mastercard and American Express are pulling back from partnerships with crypto platforms after FTX and BlockFi going bankrupt rocked the blockchain industry.