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As consumers pay off credit card debt, banks are likely to offer credit incentives

Jun 1, 2021
Banks are already stepping up marketing campaigns to try to get more consumers to use their services.
Since people have been good about paying off their balances, consumers’ credit scores have improved, says Andrew Davidson, who follows credit cards at Comperemedia.
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Could your emergency savings pay off your credit card debt?

Feb 25, 2021
More than half of Americans say their emergency savings could pay off their credit card debt, according to a recent poll.
More than a quarter of Americans owe more on their credit cards than they have in savings, according to Bankrate’s recent poll. That’s down slightly from a year ago.
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Last year's federal relief payments contributed to American households' ability to pay down their credit card obligations in the second quarter.
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Credit card debt is falling. That's good news — and bad news

Nov 19, 2020
It's good news for our personal economies, but it means we're not spending as much to prop the economy as a whole.
One expert says retail spending is losing steam right as the critical holiday shopping season is ramping up.
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With the CFPB's future uncertain, New York and other states want to step in

Mar 5, 2020
Some states are stepping up their plans to regulate the debt collection industry. Consumer advocates say the moves come at a time when Federal protections are weakening.
Gov. Cuomo announced a plan to crack down on fraud with additional oversight of the debt collection industry.
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Credit card delinquency is rising. Should we be worried?

Dec 13, 2019
Consumers have been carrying this economy. That may be harder if they're behind on their bills.
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Credit card interest rates are rising

Oct 9, 2018
The average rate is just over 17 percent, and it's expected to keep going up.
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Save more or owe more?

Feb 22, 2018
With wages and incomes up, more Americans say they are saving for a rainy day. But it might be wiser to use the money to pay down debt. Marketplace’s Aaron Schrank explains. Click the audio player above to hear the full story. 

Study shows worrying credit card debt burden

Feb 8, 2018
People who have credit card debt in America carry, on average, about $11,000 of it. A new study from Creditcards.com tells us that people in southern cities have the highest credit card debt burden, particularly in Texas. Click the audio player above to hear the full story. 

Debt burden a worry for many Americans

Jan 12, 2018
The economy is ticking along and investors seem confident but a new report from Creditcards.com has some sobering findings. It says two out of three Americans with debt aren’t confident they’ll ever be able to fully pay it off. Click the audio player above to hear the full story.