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Credit Card Debt Archives

New credit card debt report doesn't bring good news

A new report on credit card debt in the United States has been released, and the numbers do not paint a pretty picture. According to the new report, Americans paid off $32.5 billion in outstanding credit card debt in the first three months of 2014. You may read that figure and think that this represents a major achievement -- but it's 1 percent less than was paid in the same timeframe in 2013 and 5 percent less than the same timeframe in 2012.

Accruing credit card debt is not as simple as it may seem

It is easy to think that people who carry significant credit card debt are bad with their money. Many people may assume that these debt carriers simply can't curb their personal spending habits, or that they can't recognize when they need to save their money for a more important time.

Less card use and less debt are the big findings of new poll

There is some uplifting news in the world of credit card debt -- if you can believe that. Gallup performed a random credit card poll on 1,026 adults. There were some crucial findings from this poll, the first of which is that 29 percent of Americans do not own any credit cards, which is the highest rate since 2001. In addition, the average number of credit cards that a card-carrying American owned is 3.7, which is less than what was reported in 2001.