Paying only the minimum keeps your card current, but it can trap you in debt for years and cost thousands in interest.

A Reddit user lost his job, and he is now paying only the minimum due on his credit cards. Card companies have been lowering his credit limit, which has caused his credit score to drop by 120 points.

Quick Read Americans owe $1.23T in credit card debt at 22.83% APR while the Fed rate sits at 3.72%. Issuers maintain a ...

Credit card loan delinquencies and account balances have been trending upwards across the state of Ohio and the nation. But there’s another possible sign that people are struggling with credit card ...

To pay your debt off fast, you could consider an option that gives you an upfront lump sum of cash, like a home equity loan.

Accredit Debt Relief reports making only minimum payments on credit cards prolongs debt and increases costs, while paying ...

The siren song of the minimum payment is hard to resist, and credit card issuers know it. Over the past few decades, major issuers have decreased their minimum payment requirements so much that the ...

Do you feel like you’re on a debt treadmill? You faithfully make your credit card minimum payments each month. Yet no matter how long you’ve been doing this, it seems your debt rarely goes down. More ...

Credit card debt has reached crisis levels, with the average American cardholder now owing $7,886. When combined with ...