And sure enough, ballooning consumer debts reflect that spending. A survey by LendingTree after the 2024 holiday season found that 36% of Americans took on credit card debt to pay for it, most of whom ...

Keeping credit cards open as long as possible can boost your credit score in two different ways. Longtime cardholders may get better terms from their credit card issuer. Sometimes it makes sense to ...

There’s no limit to how long you can keep your credit card open. Closing a credit card can decrease the average age of your credit history and increase your credit utilization ratio — both of which ...

As you go about your Black Friday and Cyber Monday shopping, you might be drawn to store cards. These credit cards frequently come with enticing offers and immediate discounts, which can be tempting ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. With the average American household with ...

Some people wrongly think a credit freeze means they can no longer use their own credit cards. A credit freeze will stop crooks from opening new credit cards or loans in your name. Consumers are ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...