You may have seen the term “APR” while shopping for auto loans, mortgages or credit cards. It stands for “annual percentage rate” and describes the yearly cost of carrying an unpaid balance in various ...

Credit expert John Ulzheimer spoke with CNBC Make It to explain the one credit score mistake he made and how he fixed it.

In the world of personal finance, few topics are as daunting as debt. From intricate terms to complex phrases, it’s no surprise so many individuals are left feeling overwhelmed when opening up about ...

Knowing how credit cards work can save you headaches and cash. In a nutshell, credit cards provide access to a revolving line of credit that allows you to make purchases that can be paid off later.

Nearly half of American households have credit card debt and pay more than 20% in interest on their revolving balances. Even when the Federal Reserve cuts rates, those high APRs don't fall much.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So, while this September is a good time to explore your debt relief ...

Revolving debt, which mostly includes credit card balances, jumped 8.2% in January, according to the Federal Reserve’s latest consumer credit report. Altogether, consumer debt, including student loans ...

This page was originally published in mid-2021 and still contains relevant interview quotes from that time. The rest of the article has since been updated. Tana Williams and her husband found ...

President Trump is demanding a 10% cap on credit card interest rates to slash record debt. Current APRs exceed 21%, costing Americans billions. Trump set a January 20, 2026, deadline for banks to ...

Learn the impact on your credit score when you close a credit card and explore alternatives for managing debt and high ...