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For Americans who lacked savings prior to the pandemic, financial stress is rising. A combination of inflation, increased interest rates, and the end of pandemic-tied relief, such as the moratorium on student loan payments, has led to record credit card debt, experts say, with rising and worrying delinquencies. As of December, 3.1% of outstanding debt was in some stage of delinquency, up by 0.1 percentage point from the third quarter of 2023. according to the latest data from the New York Federal Reserve. Those with ballooning credit card debt should ask their credit card company for a lower r...

For Americans who lacked savings prior to the pandemic, financial stress is rising. A combination of inflation, increased interest rates, and the end of pandemic-tied relief, such as the moratorium

Americans held more than $1.05 trillion on their credit cards in the 3rd quarter of 2023. Here are a few things to consider if you're facing increased debt.

Financial experts warn that using buy now, pay later for last minute holiday shopping can hurt your credit score.

An Aberdeen resident has spoken out after an "aggressive" rogue trader posing as a reformed prisoner tried to con them out of cash.