The Federal Reserve Board reported a 1.2% year-over-year decrease in August in revolving credit, which is a line of credit you can borrow against and pay over time. The same measure saw a 0.4% decrease in the June report, but there haven't been any other declines since 2020.

A $30,000 debt balance can be debilitating for your finances. Here's how much a forgiveness plan can reduce it by.

The average credit card balance has swelled to $6,329 — up 30% from 2021, according to TransUnion. As balances have grown, so have the number of people carrying debt. A recent Bankrate survey found that half of credit card holders carry debt from month to month — the highest share since March 2020.

Spirit Airlines said on Friday it has reached an agreement with its credit card processor to extend a debt refinancing deadline by two months until Dec. 23.

Some Wall Street analysts speculated that if Spirit wasn’t able to reach refinance or extend the deadline on a credit card processing agreement, then bankruptcy could be on the table for the beleaguered carrier.

Spirit Airlines on Friday again extended a deadline with its credit card processor to renegotiate more than $1 billion in debt.