A fair credit card debt settlement is typically somewhere between 50% and 70% of your outstanding balance, though settlements can range anywhere from 30% to 80% depending on various factors. If you owe $10,000, for example, you might negotiate to pay between $5,000 and $7,000 to settle the account in full.

About 3 in 5 cardholders (61%) with credit card balances have been in debt for at least a year — that’s up from 53% in late 2024. This includes 31% of those who have been in debt for at least three years and 21% who have been in debt for at least five years.

Total household debt in the U.S. increased by $185 billion in the second quarter to reach $18.39 trillion, according to the most-recent New York Fed report. Mortgage balances, auto loan balances and outstanding student loan debt all increased. Credit card ...

Americans are carrying more than $1.23 trillion in collective credit card debt as of late 2025, at a time when average credit card APRs also hover above 20%. And, as the interest charges are tacked on at today's rates, the ballooning balances are making it ...

PALM BEACH COUNTY, Fla. — Living with debt can be a constant source of stress. “It’s a daily thing. I mean, you wake up thinking about it and you go to bed thinking about it,” shared Denise Phillips, who is managing a debt of approximately $10,000 ...

You can stop bleeding interest on credit card debt with one of these cards, allowing you to transfer a balance and not pay interest for as long as 24 months.

For example, the Prime Rate is currently 6.75%. There’s nothing preventing a card issuer from tweaking a new customer offer from Prime Rate + 13% up to Prime Rate + 13.25% if it wishes to mitigate the impact of a Fed rate cut and make more money from interest charges.