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Credit card debt forgiveness and Fed rate cuts: What borrowers should consider this fall
Interest rate cuts are looming again. After the Federal Reserve resumed the rate-cut campaign it started in 2024 in September, other cuts now seem likely for the central bank's next meetings in ...
Credit card interest rates stand near a record high. Americans' credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week. Credit card debt climbed ...
The average credit card rate is 20.51%, Bankrate reports. That’s a hair below the all-time record, 20.79%, set in August. Card rates are so high, in part, because of the Federal Reserve. The central ...
In today's borrowing landscape, credit card users are facing some very steep interest rates. The average rate on credit card accounts assessed interest recently climbed above 22%, for example, and ...
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