I-Team Quick Tip: Credit card crisis

Quick Tip I-Team Quick Tip: Credit card crisis 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. By Jason Knowles Saturday, November 7, 2026 10:05PM Share 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 Aurora woman among 2 licensed skydivers killed in California after parachutes became entangled 24 minutes ago Man charged with kidnapping, battery that led to Chicago police pursuit, crash, Palatine police say 2 hours ago New York City Department of Education employee charged with murder in stabbing of jogger 3 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 Chicago-area woman among 2 licensed skydivers killed in California 24 minutes ago Suburban man charged with kidnapping, battery leading to Chicago chase 2 hours ago NYC Dept. of Education employee charged in stabbing death of jogger 3 hours 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 FL Learjet co-pilot's dad defends daughter's reputation after crash What to know about new White House chief of staff Stephen Miller 2 men shot on sidewalk on North Side: CPD