The consequences of missed credit card payments The CFPB found that late fees are often layered on top of other punitive measures credit card companies impose on consumers who miss payments, including negative …
Consumers have been increasingly relying on credit cards to make ends meet, and it may be finally catching up with them. The national average credit score, which has steadily increased over the …
The days of double digit late fees for late credit card payments may be coming to an end. On Tuesday, the Consumer Financial Protection Bureau finalized a rule that will …
Runstudio | The Image Bank | Getty Images Credit card interest rates have ballooned to record highs in recent years â and the growing portion of the formula that generates …
Olga Rolenko | Moment | Getty Images The nation’s largest credit card companies typically charge higher interest rates than small banks and credit unions â and switching may save the …
Credit cards are an Achilles’ heel for many people. Collectively, Americans now owe $1.13 trillion on their cards, and the average balance per consumer is up to $6,360, both historic highs. Not …
Young woman counting money. Jose Luis Pelaez Inc As the calendar turns to a new year, many Americans are vowing to change their money habits. To that point, 48% of …
Pedestrians walk through the festively decorated Burlington Arcade luxury shopping arcade in London, UK, on Monday, Dec. 4, 2023. Inflation in UK shops has fallen to a 17-month low as …
Americans have accumulated a record-breaking $1 trillion in credit card debt. This comes as the Federal Reserve’s interest rate hikes have caused average interest rates for credit cards to spike …
AleksandarNakic | E+ | Getty Images Women have a complicated relationship with money. That may start with how they feel about their finances. While men most commonly say they are …