Credit Card Debt: 5 Strategies to Pay It Off – Automotivemogul

Credit Card Debt: 5 Strategies to Pay It Off – automotivemogul

Credit card debt is falling. Balances in the U.S. fell to $1.18 trillion in the first quarter of 2025, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data[0]. If you want to be one …

The issuance of credit cards has been, for decades, a solid source of income for traditional banking. SEE MORE: This will be the rate of usury by May 2025 in ColombiaBut that era of unquestionable dominance seems to be coming to an end. A new report by Bain & Company warns that banks, both in the United States and in emerging markets as well as in Colombia, are losing ground against fintechs and technology platforms, which advance with more flex…