I-Team Quick Tip: Credit card crisis

Quick Tip I-Team Quick Tip: Credit card crisis By Jason Knowles Saturday, November 7, 2026 9:58PM Here's an ABC7 I-Team quick tip on a credit card crisis. New data from "Money Management International" shows the average credit card debt is rising. CHICAGO (WLS) -- Is the cost of living crushing your budget? New data from the debt management nonprofit"Money Management International" shows the average credit card debt is now more than $40,000. ABC7 Chicago is now streaming 24/7. Click here to watch Man charged with kidnapping, battery that led to Chicago police pursuit, crash, Palatine police say 19 minutes ago Smash-and-grab thieves target at least 5 businesses in Lakeview, Edgewater: VIDEO 6 killed, 15 injured in shooting in Polish city of Krakow, police say 2 hours ago Gen Z is now its fastest-growing group seeking help because inflation is outpacing wages. Experts say many consumers are using personal loans to pay off credit cards, then charging those cards right back up. To tackle debt, pay off the card with the highest interest rate first, and call credit card companies to ask for a lower interest rate. Report a correction or typo Copyright © 2026 WLS-TV. All Rights Reserved. Related Topics PERSONAL FINANCE QUICK TIP I TEAM CREDIT CARDS LOANS DEBT I-Team Quick Tip: Holiday job scams I-Team Quick Tip: Fake work calendar invites I-Team Quick Tip: Internet bills skyrocketing How to protect yourself from thieves targeting your browser cookies Watch Live ON NOW Suburban man charged with kidnapping, battery leading to Chicago chase 19 minutes ago Smash-and-grab thieves target at least 5 North Side businesses: VIDEO 6 killed, 15 injured in shooting in Polish city of Krakow, police say 2 hours ago CTA bus driver escapes through window after armed hijacking | Video NYC Dept. of Education employee charged in stabbing death of jogger 1 hour ago FL Learjet co-pilot's dad defends daughter's reputation after crash What to know about new White House chief of staff Stephen Miller Bears stadium proposal gains attention, lawmakers work on legislation