Expert warns consumers to stop avoiding their credit card debt

It can be easy to fall into the trap of not wanting to deal with your debt. Consumer Investigator Rachel DePompa speaks with Leslie Tayne about why you shouldn't ignore your debt. Read More

Average credit card debt increased 10% to $6,501 in 2023

Even in these states, however, the increases in average balances were often 8% or 9% higher. As with other types of consumer debt ... credit card balances, appears to be squeezing many consumers ... Read More

When businesses go cashless, consumers pay with more credit card debt

“Cashless” policies force people to use their credit cards, thus driving up their debt even more ... Largely the credit card companies via charging fees. Not the consumer. Read More

Does debt relief work?

Debt consolidation loans are a type of loan that is used to pay off multiple high ... card debt forgiveness can have a detrimental (but temporary) impact on your credit. And, you may have to pay ... Read More

You Can Lower Your Credit Card’s Interest Rate. Here’s How

You might not be stuck paying your card's high interest rate, even if your ... check your credit reports for inaccuracies and to see your payment history and debt-to-income ratio, or DTI. Read More

National Debt Relief Reviews

National Debt Relief debt coaches work hard to provide experience and proven results through education and individual customer care. They were very helpful. I feel better about my future. Read More

What is a Good APR for a Credit Card?

If your credit score is below-average or you have a high debt-to-income ... 76% of consumer requests for a reduction of APR rate were granted by card issuers in 2022. Even if your card issuer ... Read More

What is a good debt-to-income ratio?

you could reduce your it by paying off some debt or increasing your income. On the other hand, if you have a high DTI ratio, getting ahead of your debts may be easier said than done. After all ... Read More

Many Canadians still feeling squeezed even as debt worries ease: insolvency firm

Some Canadians are feeling a little more optimistic about their debt with the prospect of interest rate cuts on the horizon, said MNP Ltd. The insolvency firm's Consumer Debt Index metric showed a ... Read More

The 6 best credit cards for low-income earners

While income ... to consumers with mixed credit scores. Plus, all of the cards mentioned in this roundup have no annual fee, so you won't have to worry about spending enough to make the card ... Read More