A variety of credit cards are shown on Jan. 18, 2024, in Atlanta. Seriously overdue credit card debt is at the highest level in 14 years, and people 35 and under are struggling more than other age groups to pay their bills. (AP Photo/Mike Stewart, File)
June 8, 2024
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June 8, 2024 2 p.m.
Credit card delinquencies are rising. Here's what to do if you're at risk
Both Lynch and McClary urge borrowers to reach out directly to credit card companies to negotiate interest rates, fees, and long-term payment plans, noting that it's in the companies' best interests if you pay before the debt goes into collections.