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Cost Of Credit Card Debt Continues To Soar - Latest News


Credit card debt is costing you nearly $1,000 per year

Nearly half of Americans carry credit card debt, with an average balance of $15,654, according to an analysis by NerdWallet, based on data from the Federal Reserve Bank of New York and the U.S. Census ... read more

Senators Introduce Bill to Help Americans Hurt by Medical Debt

Medical debt is unlike other types of debt. As opposed to credit card debt or loans that consumers take on willingly ... who have paid off these debts get back on their feet and continue building a fu... read more

Merkley, colleagues intro Medical Debt Relief Act

Medical debt is unlike other types of debt. As opposed to credit card debt or loans that consumers take on willingly ... who have paid off these debts get back on their feet and continue building a fu... read more

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Comment: Don’t be fooled — government debt does matter

... is set to soar even higher in the future. But all of this government debt comes at an immediate cost in the form of interest payments. Governments must make interest payments on their debt similar ... read more


Scrutiny Over College Governance As Tuition Costs Continue To Soar

Rising tuition and costs contribute to the enormous amount of debt students take on, which is now more than $1 trillion dollars, surpassing credit card debt. And the U.S. higher education system has b... read more

The smartest way to pay off credit card debt

"If that can help someone get out of debt faster, that's the long-term best play." 4. Pay off your balance If you're focused strictly on eliminating debt without taking on extra costs, pay off outstan... read more

Should I file for bankruptcy with a $12K debt?

I have about $12,000 in credit card debt. I am about to lose my job, and I have no idea how I will continue to ... agency and a bankruptcy attorney to help you find the best solution. Finally, you may ... read more

How personal debt grew to £1.4 trillion

Total lending rose by £1.5bn in January, leaving the average UK household £57,635 in the red, according to figures from personal debt charity Credit Action ... The figures come as the cost of living c... read more

Top 10 Ways to Conquer Your Debt

While attractive, debt consolidation loans usually don’t make sense if the loan will cost you more over the long haul compared to paying your cards down faster. With credit card balance transfer ... l... read more

Degrees Of Debt: Soaring College Costs Hobble A Generation

To start paying off her $120,000 in student debt, she is already working two restaurant jobs and will soon give up her apartment here to live with her parents. Kelsey Griffith graduates on Sunday from ... read more

Americans are swamped in $1 trillion of credit card debt

Rising credit card interest ... medical costs rose 57 percent, food prices spiked 36 percent and housing costs jumped 32 percent since 2003, according to online personal finance Web site NerdWallet. “ ... read more

Plan to walk away from card debt? Read this first

In today’s stormy economic seas, millions of Americans are at risk of drowning in their credit card debt. Adults who hold ... they want,” he says. Story Continues People with poor credit might see the... read more



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