Home Tags Credit Card Debt

Tag: Credit Card Debt

Millennials with credit card debt are stressed.

More than half of millennials have credit-card debt, and it reflects a financial reality other generations didn’t face

Millennials with credit-card debt are reflective of the financial reality many are facing: living costs that are outpacing income growth.
Don't let credit-card debt hold you back.

5 ways to be free of credit card debt by the end of the year

You can pay off credit-card debt fast by paying the most expensive balance first, consolidating balances, or doubling your monthly payment.
Laura Dunn and her fiance, Johnny.

After racking up $23,000 of debt, I cut my cards to shreds — but I didn’t make real progress paying it off until I put down the scissors

I loved the drama of cutting my cards into pieces, but I found leaving them intact and relying on my own willpower to ultimately be more effective.
Credit-card debt can be a wealth killer if not managed wisely.

A quarter of millennials say most of their debt is credit cards, not student loans

One in four millennials surveyed said the main source of their debt is credit cards; 15% said it's their mortgage; and 10% said it's student loans.
Certified financial planners say the debt avalanche and debt snowball are the best strategies to get out of credit card debt.

We asked financial planners for the best strategy to tackle credit card debt, and there are 2 clear favorites

The best way to get out of credit card debt is either the debt snowball or the debt avalanche, according to financial planners.
The author is not pictured.

I paid off $22,000 in credit card bills thanks to a debt settlement company, but I wouldn’t do it again

Going back to school buried one woman was under a mountain of credit card debt. Here's what happened when she hired a debt settlement company.
Understanding how to use a personal loan to pay off your credit cards can help you get your finances back on track.

How to use a personal loan to pay off your credit cards

Learn how to use a personal loan to pay off your credit cards and get yourself out of crippling debt faster.
The debt avalanche strategy is helping Laura Dunn and her fiancé pay off credit card debt.

I’m paying off $23,000 in credit card debt while also saving for my wedding 7 months from now

Using the debt avalanche method, this soon-to-be-married couple is paying off credit card debt while also paying for their wedding out of pocket.
Unfortunately, the Fed's interest rate cut won't be much help to those in credit-card debt.

An expert says the Fed’s interest rate cut is so ‘minuscule’ when it comes to credit cards that it saves the average person in debt ...

With the median credit-card APR at 21.48%, a quarter-percentage point drop likely won't be felt by many credit-card holders who carry a balance.
Author is not pictured.

5 things I wish I’d done at age 20 to avoid racking up $15,000 in debt

Credit card minimums are not your friend, and other sage wisdom for all the 20-year-olds in your life.