Remove Credit Card Debt Remove Debt Management Remove Retail
article thumbnail

Americans Are Carrying Record Household Debt into 2024

Collection Industry News

Our experts used debt statistics from the NYFRB broken down by debt category and down to the state level to get a detailed picture of what kinds of debt Americans are holding and where they are holding it. Household Debt Is at an All-Time High Household debt across all categories grew by 4.8% over the same period.

article thumbnail

Americans Are Carrying Record Household Debt into 2024

Collection Industry News

household debt grew by $800 million from 2022 to 2023, including a 16.6% growth in credit card debt. While the new year marks a time for new beginnings and a fresh start, millions of Americans entered 2024 with more debt and less to put in their checking and savings accounts. At the start of the year, U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Get Out of Debt: 13 Expert-Backed Steps for Success

Credit Corp

For instance, if you’re a compulsive shopper, delete retail apps and turn off push notifications for sales. For instance, work on getting rid of your high-interest credit card debt before moving on to your federal student loans. Calculate Your Credit Card Payoff. Apply for a 0% Balance Transfer Card.

article thumbnail

5 Simple Cuts to Curb Your Spending

Debt Guru

That barrage of messages from your favorite retailers, letting you know about their current promotions or latest gear makes it all too easy to click through and make a purchase on an item you didn’t know you needed. The post 5 Simple Cuts to Curb Your Spending appeared first on DebtGuru Credit Counseling and Debt Management Services.