Credit card balances first surpassed $1 trillion last August. Americans are also taking more debt when they're buying cars. Auto loan balances rose by $12 billion in the fourth quarter to $1.61 ...

The total credit card debt nationwide hit a record $1.14 trillion in the second quarter of 2024, according to the report — up by about $27 billion compared to just one year ago. That represents ...

Credit card debt hits a new record high: 3 ways to tackle yours now. If you're dealing with compounding card debt, here are a few effective ways to begin tackling it now. Debt consolidation.

While credit card debt for May 2025 technically set a record, topping May 2024 by 3 percent, it actually marks an 8 percent ...

Credit card debt, the amount owed by all Americans on their credit cards, rose to a record $1.13 trillion at the end of last year, the Federal Reserve Bank of New York reported Tuesday.

Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York.

The New York Federal Reserve Bank's Quarterly Report on Household Debt and Credit, slated for release on Tuesday morning, is expected to show that credit card debt hit a new record during the ...

The average credit card annual percentage rate, or APR, hit a new record of 20.72% last week, according to a Bankrate database that goes back to 1985. The previous record was 19% in July 1991.

Americans' outstanding credit-card debt hit a record in November, highlighting a more confident U.S. consumer but also flashing a warning signal of potential trouble down the road. Revolving ...

Americans now owe a record $1.14 trillion in credit card debt, according to the New York Fed. Consumer Investigator Rachel DePompa talks to Bankrate about how you can keep from being buried in debt.

Credit card debt hit a record $1.21 trillion — here's why ‘no one should be surprised,' expert says By Jessica Dickler, CNBC • Published February 13, 2025 • Updated on February 13, 2025 at ...

Credit card balances rose by $45 billion in the second quarter, according to the report, resulting in a peak $1.03 trillion. In the first quarter, that number was $986 billion, making this a 4.6% ...