(NewsNation) — Americans have more credit card debt than ever, but knowing where you stand can help you climb out of a hole. Credit card balances in the U.S. hit a record high $1.21 trillion at the ...

If you're managing a short-term financial gap, paying interest temporarily can be OK. Calculate the costs when deciding whether to carry a credit card balance or do a balance transfer. Try to avoid ...

A friend of mine almost didn't do a balance transfer because of the $300 fee. He was nervous about paying that much up front -- totally fair. But once he ran the numbers and saw he'd save over $1,400 ...

There are two things that make a huge difference in how credit card debt affects you — interest rate and debt-to-income ratio. Use a credit card interest calculator to see how much interest you’d ...

In today's world, the use of credit cards has increased significantly. Using them is also very easy – just a swipe and the payment is done. Most people, while enjoying this convenient feature, forget ...