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  2. When interest-rate cuts will hit credit cards, car loans, and ...

    www.aol.com/news/interest-rate-cuts-hit-credit...

    Credit-card interest rates are at historic highs — the Consumer Financial Protection Bureau found in a recent report that the average annual percentage rate on credit cards surged to 22.8% in ...

  3. With Inflation Stabilizing, Are Credit Cards Still a Good ...

    www.aol.com/finance/inflation-stabilizing-credit...

    After several years of steep inflation has stressed many American households, the inflation rate has hit a normal range of 2.6% in October 2024, according to the Bureau of Labor Statistics ...

  4. Inflation Impact: Unsecured Loans and Credit Card Spending ...

    www.aol.com/inflation-impact-unsecured-loans...

    Following a slowdown in credit card spending and unsecured personal loans during the COVID-19 pandemic, both are back on the rise in a big way. Bankcard balances in the U.S. hit a record high ...

  5. US credit card debt just hit a new record of $1.17 trillion ...

    www.aol.com/finance/us-credit-card-debt-just...

    According to TransUnion, the average credit card borrower owed $6,380 in the third quarter of 2024 — up from $6,088 one year ago and $4,869 three years ago. The number of Americans carrying ...

  6. Inflation is driving up consumer credit card debt by billions ...

    www.aol.com/inflation-driving-consumer-credit...

    Total credit card debt and debt per household grew by about 8% from the year before, according to WalletHub, a personal finance website. It based its calculations on data from the Federal Reserve ...

  7. Credit card debt: Inflation, interest rates have more ... - AOL

    www.aol.com/credit-card-debt-inflation-interest...

    The average credit card balance among U.S. consumers was $6,501 as of the third quarter in 2023, 10% higher than the previous year, according to credit agency Experian.

  8. Nearly one-fifth of Americans have ‘maxed out’ their credit ...

    www.aol.com/finance/nearly-one-fifth-americans...

    Nearly one-fifth of Americans have ‘maxed out’ their credit cards as inflation and high interest rates push delinquencies to 3-year high Alicia Adamczyk May 14, 2024 at 8:00 AM

  9. Credit card rates will edge off their record highs but remain ...

    www.aol.com/finance/bankrate-interest-rate...

    McBride expects five-year new car loans to hit 7 percent from their current 7.71 percent level, while four-year used car loans could creep lower to 7.5 percent from 8.29 percent.