Americans Carry $1.21 Trillion in Credit Card Debt, with 73% Tied to Essentials and Median Interest Rates at 25.3% [Yahoo! Finance]
NerdWallet, Inc. (NRDS)
Company Research
Source: Yahoo! Finance
New research explores how cash-out refinances can provide qualified homeowners a lower-interest-rate option to tackle debt and improve financial stability KANSAS CITY, Mo. Jan. 12, 2026 /PRNewswire/ -- Americans now carry a record $1.21 trillion in credit card debt – with 73% tied to essential living costs – as median interest rates reach 25.3%. In new research released today, Academy Bank reveals how persistent financial pressures are pushing households to rely more heavily on credit cards for everyday expenses, with the average user carrying a $5,595 balance. The bank's latest white paper, Managing High-Interest Debt: How Cash-Out Refinances Can Help Homeowners Find Relief analyzes national debt trends and examines how cash-out refinances may offer qualified homeowners lower rate loans to reduce high-interest balances. Academy Bank compiled data from the Federal Reserve, Experian, Bankrate, NerdWallet, Freddie Mac and other trusted industry sources. The bank's new research exam
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NRDS
Sec Filings
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- 12/23/25 - Form 4/A
- 12/17/25 - Form 8-K
- NRDS's page on the SEC website