If you’re carrying a revolving credit card balance, lowering your cards’ rates should be top of mind right now. Anastassiya Bezhekeneva/Getty Images It’s not a great time to be a credit card borrower. The typical consumer now carries a card balance of $6,577, according to TransUnion. And with the average credit card rate sitting at … Read more
Being an authorized user allows you to use another person’s credit card, but does it come with legal responsibilities? Boonchai Wedmakawand/Getty Images A parent adds a college freshman to their credit card so they can build credit while away at school. A husband taps his wife’s account so their household expenses land on one statement. … Read more
Mortgage rates aren’t set in stone, meaning you could snag a lower rate if you have a great credit score. jayk7/Getty Images Mortgage rates have finally settled in. After a volatile end to 2025 — and an uncertain start to 2026 — mortgage rate fluctuations have started to mellow out. While minor changes have occurred, … Read more
Knowing how credit card debt is handled during a divorce can help you prevent costly mistakes. M.photostock/Getty Images Dividing a life you’ve built with a spouse is rarely as simple as splitting your assets down the middle. Along with decisions about homes, retirement and bank accounts, many couples in the midst of a divorce are … Read more
Making only the minimum payment on your credit cards isn’t a failure, but it also isn’t a plan. Getty Images/iStockphoto Credit card debt is a lot harder to escape in today’s landscape than it was just a few years ago. Borrowing costs have remained elevated, and credit card rates, in particular, are unrelenting. At nearly … Read more
Settling credit card debt before it goes to collections may be possible, but you’ll have to put in some work. Getty Images/iStockphoto In today’s economic landscape, carrying credit card debt has become less of a temporary setback and more of an ongoing financial challenge for borrowers. With average credit card interest rates still hovering above … Read more
Unpaid credit card debt is generally handled through the estate, but there are exceptions to that rule. mesh cube/Getty Images Financial planning conversations tend to focus heavily on topics like building wealth, growing and protecting your retirement savings and making sure loved ones are taken care of financially after you die. What those discussions don’t … Read more
Credit card debt forgiveness could make a lot of sense for borrowers to pursue this July. Rob Hyrons/roberthyrons/Getty Images Credit card debt forgiveness sounds like something too good to be true for borrowers, especially in today’s economic climate. Having a portion of your outstanding debt forgiven, however, is exactly what debt relief companies can help … Read more
If you’re going to pay off credit card debt with home equity, make sure to choose your borrowing option wisely. Pramote Polyamate/Getty Images Credit cards are rarely a low-cost way to borrow money, but if you’re carrying a revolving balance from month to month, you’re likely aware of how increasingly difficult it is to manage … Read more
A credit card can help you cover an unexpected vet bill, but that convenience generally comes at a steep cost. Urbazon/Getty Images As inflation continues to tick upward, many households have found ways to make room in their budgets for the higher costs that come with it, from rising grocery bills to elevated insurance premiums … Read more