In college, Sokunbi applied for her first credit card and subsequently maxed out the $2,000 limit without taking into consideration its high 24.99% interest rate until she later paid the price.

A growing number of Americans are maxed out on their credit cards. Nearly one-fifth of credit card borrowers were using at least 90% of their available credit in the first quarter of 2024.

And, given the severity of the situation, many maxed-out borrowers are now looking for strategies to escape the burden of overwhelming credit card debt. Learn more about how the right debt relief ...

While many households are on solid financial footing, almost 1 in 5 cardholders is "maxed out," using at least 90% of their credit card limit. That's worrisome, the report says, because maxed-out ...

If you’re bumping up against your credit limit, you have what’s called a maxed-out credit card. When this happens, it can impact your overall credit health. Don’t panic. Be aware of the ...

Barnes has maxed out seven credit cards and is struggling to make minimum payments on $30,000 of credit card debt. “The interest is so high that it’s hard to get out of it,” Barnes ...