MANALAPAN, N.J., April 17, 2025 (GLOBE NEWSWIRE) — Navicore Solutions, a leading nonprofit credit counseling organization, has found a significant increase in Americans seeking debt management assistance in the first quarter of 2025. As credit card balances continue to increase despite soaring interest rates, Navicore offers more consumer education and support to consumers nationwide.
Americans now collectively owe a record $1.21 trillion on their credit cards, according to recent data from the Federal Reserve Bank of New York, with credit card balances jumping by $45 billion in the fourth quarter of 2024—a 7.3% increase from the previous year. This surge comes at a time when credit card interest rates…
