Credit card, car loans, and mortgage payments have all been rising in the US—and it’s not just because of interest rate hikes
Yuri A // Shutterstock If you’re like most borrowers, your monthly loan and credit card payments have increased, even from a few months ago, according to Experian data. As of February 2024, the average amount consumers needed to repay all of their monthly debt obligations climbed to $1,225. For each major type of loan—credit cards,
