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Credit card debt

Who has added credit card debt during the pandemic?

by Samantha Fields
Sep 28, 2021
Survey finds that people 40 and under are more likely than those who are older to have more credit card debt now than they did a year and a half ago.
The rise of consumer credit has banks on the lookout for whether or not consumers can pay their debt.
Joe Raedle/Getty Images
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As consumers pay off credit card debt, banks are likely to offer credit incentives

by Justin Ho
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.
AsiaVision via Getty Images
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COVID-19

Could your emergency savings pay off your credit card debt?

by Samantha Fields
Feb 25, 2021
More than half of Americans say their emergency savings could pay off their credit card debt, according to a recent poll.
Ridofranz via Getty Images
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COVID-19

Early in the pandemic, fewer Americans paid their credit card bills late

by Justin Ho
Jan 26, 2021
Government relief checks helped.
Last year's federal relief payments contributed to American households' ability to pay down their credit card obligations in the second quarter.
Violeta Stoimenova via Getty Images
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Credit card debt is falling. That's good news — and bad news

by Justin Ho
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.
Olivier Douliery/AFP via Getty Images
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With the CFPB's future uncertain, New York and other states want to step in

by Justin Ho
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.
Scott Heins/Getty Images
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Credit card delinquency is rising. Should we be worried?

by Nova Safo
Dec 13, 2019
Consumers have been carrying this economy. That may be harder if they're behind on their bills.
Jeff J Mitchell/Getty Images
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Credit card interest rates are rising

by Marielle Segarra
Oct 9, 2018
The average rate is just over 17 percent, and it's expected to keep going up.
Joe Raedle/Getty Images
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Save more or owe more?

by Aaron Schrank
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. 
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Study shows worrying credit card debt burden

by Andy Uhler
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. 
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