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Capping credit card rates. In 2024, Trump proposed capping credit card interest rates at 10 percent. While this move would make paying off credit card debt much easier, some economists believe ...
“Capping credit card interest rates at 10%, just like President Trump campaigned on, is a simple way to provide meaningful relief to working people.” History suggests the bill isn’t likely ...
Credit card debt forgiveness. Credit card forgiveness is a rarity. Card issuers typically expect individuals to repay the amount borrowed, and high-interest credit card debt can be difficult to ...
This proposal stands out given the average credit card interest rate was 21.51% as of May 2024, according to the Federal Reserve. Rates have climbed in recent years, but they've never fallen to ...
It’s also a moment in which credit card debt is heavily burdening many U.S. households. The average credit card balance was $6,329 in the second quarter of 2024, compared to $4,828 during the ...
Debt relief scams: Some criminals target those seeking help with credit card debt. Make sure that you know how to identify a debt relief scam, such as guarantees that you will qualify for debt ...
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