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CBS News

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  Over the last couple of years, persistent inflation has caused the cost of consumer goods to soar, causing an increase in money issues for many Americans. And, the higher cost of necessities like gas, groceries and housing is happening at a time when interest rates are also high. So, relying on short-term borrowing options, like credit cards, to fill in the gaps between paychecks has become a riskier and more expensive proposition. The nature of credit card debt makes it...

What happens to unpaid credit card debt after 7 years?

The Motley Fool

Failing to use your credit card could get it canceled. And there could be consequences beyond that, too. Read on to learn more.

Here's What Happens if You Don't Use a Credit Card for a Year Or More

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. KEY POINTS. Many homeowners spend quality time...

The One Credit Card Every Homeowner Needs in Their Wallet

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  Although the latest inflation data shows signs of easing, the Federal Reserve has not budged on interest rates in nearly a year. That means that many Americans who went into debt, such as due to inflation eating into their budgets or due to spending mistakes, continue to face high interest rates that make it difficult to right the ship.Indeed, credit card delinquencies have been on the rise in the US since the end of 2021, according to the New...

Need your credit card debt to be written off? 3 options to consider

In many ways, managing your money comes down to keeping track of numbers, and few figures are quite as important to your personal finances as your credit score. For lenders, your score is a quick way to assess your creditworthiness. Those with the highest scores qualify for the most attractive rates on everything from credit cards to auto loans to mortgages. A lower score means you could pay much more in interest or not qualify for credit at all.

Once you hit this credit score 'you're good,' says credit expert—here's how to get even better

FinanceBuzz

Here are the common types of debt that your heirs may or may not have to pay after your death.

This Is the Only Debt That Disappears When You Die (And 9 Types That Don’t)

GOBankingRates

Saving money should be a lifelong process that evolves as you get older.

How Much You Should Have in Your Savings Accounts, Based On Your Age

According to recent Experian data, American consumers have a total average debt balance of $104,215 and approximately $6,500 of that balance is credit card debt. Those are hefty bills to add to the...

Suze Orman’s 10 Money Tips To Pay Off Thousands in Debt

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  With inflation and interest rates high, many consumers are struggling financially. The burden can be particularly heavy for those carrying credit card debt. The average interest rate on credit cards now sits at over 21%, up from just 14% a few years ago. The result is steadily rising balances and minimum payments that can often feel out of reach.Fortunately, there are options for tackling that debt effectively — and without hurting your credit score in the process. We asked...

These 2 debt relief options won't hurt your credit, according to experts

MarketRealist

New research suggests that there may be a credit card debt crisis as more Americans miss payments and use their cards to the limit.

5 Ways to Pay Off Credit Card Debt Before Interest Rates Go Up

From squinting and dry eyes to cataracts and blurred vision, more than three in five Americans have vision and eye problems, according to the US Centers for Disease Control and Prevention. There is concern about prolonged screen use and its damage to eye health, but other lifestyle habits and environmental factors also impact your eyes, potentially contributing to various conditions.

This Is Exactly What Happens During and After an Eye Exam

There's a correlation between average income and credit score. Here's a look at the average high-income American's credit score and how you can improve yours.

Here's the Average Credit Score of High-Income Americans

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Credit cards can be incredibly convenient, offering a quick and easy way to make purchases, both big and small. However, the ease of swiping can sometimes lead to financial trouble if the balance isn’t paid off. This article will explore the consequences of using credit cards without paying off the balance, from interest charges to potential damage to your credit score.

What happens if you swipe your credit cards without paying

A clogged kitchen sink is a true nuisance and it can be an expensive one if you end up needing a professional to get things moving. The good news is that most clogged drains are avoidable. A clear kitchen sink drain starts with knowing what shouldn't go down it. Some...

9 Things You Should Never Pour Down a Drain

New York Post

If you’re hoping to buy a home with a conventional mortgage, one number you’ll want to get to know well is your credit score. 

Also called a credit rating or FICO score (named after the company that created it, the Fair Isaac Corporation), this three-digit number is a numerical representation of your credit report, which outlines your history of paying off debts.

Why does your minimum credit score matter? 

Because when you apply for a mortgage to buy a home, lenders want some reassurance a borrower will repay them later! 

One way they assess this is to check your creditworthiness by scrutinizing your credit report and...

So you want to buy a house: Here’s the kind of good credit score that you’ll need

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A Piece of Travel

According to the American Bankers Association, 73% of American families have at least one credit card. That means the majority of Americans use credit cards for purchases, at least now and then.

15 Things Americans Don't Know or Ignore About Credit Cards, and It's Hurting Us

The first round of Social Security checks for July are headed your way, and unlike June, the payment schedule is back on track without any delays or early payments this month. If you're expecting your check this week, it should arrive this Wednesday. Also, if you're still waiting on your June check, there are a couple of reasons why it may not have arrived.

Social Security July Check 2024: When Will You Get Paid?

Got some cash put aside for unplanned expenses? See why you should resist the impulse to lock it up in a CD.

Never Put Your Emergency Fund in This Bank Account

Apple Valley News Now

Personal loans and personal lines of credit are both helpful tools to cover large expenses. These financing options have similar benefits, like no collateral requirements and low rates for well-qualified borrowers, but deciding which is right for you comes down to how you prefer to receive and repay the funds.

Personal Loan vs. Line of Credit: How to Choose

Suze Orman recently offered some advice in a blog post on where to put your money to get a guaranteed high-yield return. However, you need to act sooner rather than later to earn the greatest return...

Suze Orman: This Is the Smartest Move You Could Make With Your Money This Year

NewsBreak

Borrower Beware: These 5 Credit Card Myths Could Cost You

When I tell people that I’m a credit card consultant and writer, I’m often asked questions like, “What’s the best credit card?” (Answer: It depends.) But...

Borrower Beware: These 5 Credit Card Myths Could Cost You

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