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Americans have $1.13 trillion in credit card debt. Here are some expert tips to help pay yours off
Cardholders are carrying more credit card debt than ever before and paying record high interest rates. Here are the best ways to jump-start debt repayment.
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‘The greatest feeling': Woman explains what she did to pay off $80K in credit card debt
If you are one of the millions of credit card holders who is saddled with debt, you know how overwhelming it can be. It may seem impossible to get ahead of it. But there is help out there, and it can be done. A Massachusetts woman knows that first hand. When Cara Curtis of Somerville had to relocate to Virginia…
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Paying down credit card debt
Millions of credit card holders are saddled with debt that may seem impossible to get out of, but there is help out there.
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Credit card debt is at a record high – here's what you can do if you feel buried
Holiday bills are starting to roll in and you may find yourself buried under big credit card balances. You’re not alone. The country’s credit card debt is higher than it’s ever been. According to the Federal Reserve Bank of New York, credit card balances now total $1.08 trillion. And a lot of people are struggling with it. ...
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What should I pay off first if I have student loans and other debt?
The average American has more than $92,000 in debt, which includes credit cards, student loans, mortgages and more.
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Looking for help with your credit? Be careful who you trust
Consumer credit card debt is at an all-time high. Add to that trillions of dollars in mortgages, personal lines of credit, home equity lines of credit, and student and personal loans on top of that. People are tapped out and struggling to get your debt under control can feel overwhelming. If you’re considering getting help from a credit or...
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BBB warns of debt relief and credit repair company scams
The BBB released a study concluding that some unscrupulous debt relief and credit repair companies charge thousands of dollars in fees for services you can do yourself.
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What to know about the student loan repayments?
Starting Sept. 1, student loans will continue accruing interest, and monthly bills will start up again in October.
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54 million Americans have been in credit card debt for at least a year. Here are the best payoff strategies
More cardholders are carrying more credit card debt than ever before, and, on top of that, they’re paying record high interest rates.
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House Passes Bipartisan Bill to Raise Debt Ceiling and Avert Default
The hard-fought deal pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act.
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Debt Ceiling Talks Make Progress, But House Will Leave Town With No Deal
Congress faces a June 1 deadline to raise or suspend the debt ceiling in order to avoid a catastrophic default.
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McCarthy Says House Could Vote on Debt Ceiling Deal as Soon as Next Week
“I just believe where we were a week ago and where we are today is a much better place,” said McCarthy, sounding more optimistic than ever about a deal.
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Biden Administration Has Canceled $66 Billion in Student Debt. How to Know If You Qualify
Under President Joe Biden, the U.S. Department of Education has in recent years canceled more than $66 billion in education debt.
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Biden: ‘The United States Is Not Going to Default'
President Biden met with congressional leaders Tuesday to discuss the nation’s debt ceiling in the face of a potential default and economic catastrophe.
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Conservative Justices Question Biden's Debt Relief Plan, But Appear Skeptical of States' Standing
Biden’s best hope for being allowed to move forward with his plan appeared to be the possibility that the court would find that Republican-led states and individuals challenging the plan lacked the legal right to sue.
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How Agencies Are Changing Credit Score Calculations to Improve Access to Credit
A low credit score can hurt your ability to take out a loan, secure a good interest rate, or increase a credit card spending limit. Some reasons for a low score are out of your control — such as unexpected medical debt or a lack of credit history. But credit agencies are working to improve access to credit by giving...
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The US Has Reached Its Debt Limit. What Happens If It Isn't Raised?
The U.S. government reached the nation’s legal borrowing limit on Thursday, forcing the Treasury Department to resort to “extraordinary measures” to avoid a default.
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The US Is Hitting Its Debt Limit Today. What Happens If It Isn't Raised?
Economists say consequences of a default on the national debt could include higher interest rates, a stock market crash, a recession and massive job losses. NBC’s Alice Barr reports.