The average balance per consumer now stands at $6,580—up 3.5% year over year, according to a recent report from TransUnion. Altogether, consumers owe a record $1.21 trillion on their credit cards, ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Credit card debt has become a pervasive financial challenge ...

Imagine receiving a notification about suspicious charges on a credit card you haven’t even received yet. How could that happen? While it sounds surprising and unsettling, it's increasingly common due ...

The debit card might as well make itself comfortable in the outer slot of America’s wallet. It reigns as the go-to payment method for everyday purchases, according to a U.S. News survey. But while ...

NEW YORK — Credit card defaults are on the rise for Americans, reaching the highest level in 14 years. U.S. credit card defaults jumped to a record $46 billion from January through September 2024, ...