from24/7 Wall St.1 day agoBusinessCredit Card Debt Hits $7,886 per American as 23% Rates Keep Balances GrowingHigh credit card APRs near 23% and daily compounding mean minimum payments often only cover interest, making balance reduction extremely difficult.
from24/7 Wall St.4 days agoUS politicsPaying Only the Minimum on $5,000 in Credit Card Debt Could Take Decades to ClearCredit card borrowers pay persistently high interest because issuers add large markups over prime, so Federal Reserve rate cuts provide little meaningful relief.
from24/7 Wall St.1 day agoBusinessCredit Card Debt Hits $7,886 per American as 23% Rates Keep Balances Growing
from24/7 Wall St.4 days agoUS politicsPaying Only the Minimum on $5,000 in Credit Card Debt Could Take Decades to Clear
