The $1.25 Trillion Credit Card Bill—What to Know

Credit card delinquencies and unpaid student loans are the ‘biggest trouble spots,’ says one Bankrate analyst.

U.S. dollar bills, credit cards, and debit cards in Washington on Oct. 4, 2024. Madalina Vasiliu/The Epoch Times

U.S. dollar bills, credit cards, and debit cards in Washington on Oct. 4, 2024. Madalina Vasiliu/The Epoch Times

U.S. consumers have a $1.25 trillion credit card bill due.

The Federal Reserve Bank of New York recently released its Household Debt and Credit Report for the first quarter. It is a periodic report that reviews consumer balances on mortgages, credit cards, lines of credit, and auto and student loans.