Credit card balances rose again in the second quarter of 2026. Here's how to get your debt forgiven right now.
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August 12, 2026 / 3:31 PM EDT
/ CBS News
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U.S. credit card debt hits $1.26 trillion in Q2 2026, near record
NY Fed reports credit-card balances rise by $21B to $1.26T in Q2
Credit card debt climbs to $1.26 trillion as ‘K-shaped’ divide persists, New York Fed research finds
Credit card debt rises to $1.26 trillion, nearing all-time record
Equifax National Market Pulse Data Shows U.S. Consumer Top-Line Debt Stabilizing at $18.25 Trillion in Q2 2026 With Delinquencies Improving Across Categories
Credit card debt surges in U.S. as high interest rates make it harder to pay off
Americans’ Credit Card Debt Climbs to $1.26 Trillion as K-Shaped Economy Widens Consumer Divide
Credit card delinquencies approach Great Recession levels
US household debt drops by $13bn to $18.8tn in Q2 2026: Federal Reserve Bank of New York
Despite Record Surge In Subprime Car Loan Originations, US Household Debt Dropped In Q2: First Since COVID
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Credit card balances rose by $27 billion in the second quarter to $1.21 trillion, according to a new report by the New York Fed.
Credit card debt relief may be worth serious consideration this July. Here's what borrowers should know right now.
Balances rose $21 billion in the second quarter, leaving total card debt just shy of the $1.28 trillion peak set late last year
