Watch CBS News
When you start a debt management plan, your credit cards are closed. In the short term, that does negatively impact your credit score, but once consumers finish paying down all the debt, they typically see a score increase of about 84 points.
Americans are struggling to keep up with their credit card payments and personal bankruptcies are rising — and it's starting to worry economists.
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
The average store-only credit card charges 30.24% (up from 28.22% last year) while the average co-branded credit card charges 27.64% (up from 25.01% last year). These figures are well above the national average for all credit cards, which clocks in at 20.72%, according to Bankrate.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
With average APR near 21%, now is the time to pay off credit card debt as it becomes costlier to carry.
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Fraudsters have been posing as deputies reporting an "urgent" civil matter and more.
Lindsey Vonn has finished 14th in a super-G to mark her return to World Cup skiing at age 40.
Dylan Guenther scored his second goal of the game midway through the third period and the Utah Hockey Club beat the Minnesota Wild 2-1.
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
The Minnesota United FC is already preparing for next season, less than a month after getting eliminated from the playoffs.
Minneapolis has softened an ordinance that prohibited obstructing entrances and driveways to abortion clinics after anti-abortion activists sued to challenge it on free-speech grounds.
In south Minneapolis, there's a tree that doesn't ask for much — just a little kindness and the willingness to connect.
A Hennepin County man is back in jail nearly a week after he was mistakenly released just hours after being sentenced to years in prison on drug-related charges.
A 38-year-old woman is facing four charges in connection with a north Minneapolis crash that killed two people and injured three others.
Fraudsters have been posing as deputies reporting an "urgent" civil matter and more.
A Montrose man has pleaded guilty in connection to a deadly multi-vehicle collision involving a stolen truck earlier this year.
A 61-year-old man is dead after the vehicle he was driving collided with two semi-trucks on Interstate 94 during Thursday's winter storm.
An investigation is underway after a man and woman were found dead in a vehicle parked at the Duluth airport.
A one-year extension of federal farm programs, around $30 billion in economic relief and a break for the ethanol industry were part of a bipartisan deal that collapsed Wednesday after President-elect Donald Trump denounced it.
The Centers for Disease Control says no person-to-person transmission has been detected and the risk to the general public remains low.
The man was flown to a hospital in Minnesota, but the department gave no word on his condition. No one else was hurt.
Xcel says the project is intended to replace the energy that will be lost when its coal-fueled power plant near Stillwater closes in 2028.
Minnesota and Wisconsin leaders are responding to the school shooting at Abundant Life Christian School in Madison, Wisconsin.
Roughly 70,000 gallons of oil from a pipeline spilled into the ground in Wisconsin, officials said.
Army veteran Delphine Littlewolf and her 7-year-old son Curtis have been living in her compact car for six months.
It looks like any other grocery store, but when you check out at Today's Harvest in Maplewood, shoppers aren't spending a dime.
The Buck Hill slopes played host to "Carve for a Cure" on Sunday, a fundraiser for the Leukemia and Lymphoma Society.
As an equestrian with years of experience, Jen Kelly has taken a tumble or two — until a tumble in September 2020 where she broke three vertebrae in her neck and crushed her spinal cord.
A Vikings Hall of Famer is experiencing all kinds of emotions. Cris Carter is dealing with the announcement by Randy Moss of his cancer condition. Saturday night he surprised kids on behalf of the Salvation Army with a gift bag that lacked for nothing.
Minneapolis has softened an ordinance that prohibited obstructing entrances and driveways to abortion clinics after anti-abortion activists sued to challenge it on free-speech grounds.
A judge's ruling could shake up control of the Minnesota House.
A DFL state representative-elect did not meet residency requirements for the district he won and is not eligible to serve in that office, a judge ruled Friday.
Under the new law, aerosol dusters will need to be kept behind store counters, and can only sold to people 21 or older starting Jan. 1, 2025.
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
If the snow can stick around, they could get back on track. But across the industry there is concern about what the Arctic Cat news means for snowmobile dealers.
For generations, it's been an iconic part of the Twin Cities, and now it has its very own song, thanks to one of Minneapolis' own.
It looks like any other grocery store, but when you check out at Today's Harvest in Maplewood, shoppers aren't spending a dime.
Heating your home in the winter can take a toll on your pocketbook, but it doesn't have to with some easy tips to save.
According to the Environmental Protection Agency, Americans produce 25% more trash from Thanksgiving to New Year's Day.
Fraudsters have been posing as deputies reporting an "urgent" civil matter and more.
A 29-year-old man has been charged with second-degree unintentional murder after a shooting that stemmed from a claimed theft.
A Montrose man has pleaded guilty in connection to a deadly multi-vehicle collision involving a stolen truck earlier this year.
A Hennepin County man is back in jail nearly a week after he was mistakenly released just hours after being sentenced to years in prison on drug-related charges.
A 38-year-old woman is facing four charges in connection with a north Minneapolis crash that killed two people and injured three others.
Minneapolis has softened an ordinance that prohibited obstructing entrances and driveways to abortion clinics after anti-abortion activists sued to challenge it on free-speech grounds.
Under the new law, aerosol dusters will need to be kept behind store counters, and can only sold to people 21 or older starting Jan. 1, 2025.
The Centers for Disease Control says no person-to-person transmission has been detected and the risk to the general public remains low.
The Wisconsin Department of Health Services announced Wednesday that it had detected presumptive positive human case of H5N1 in Barron County.
Kathy Ingebrand of Mahtomedi is one of the first people in the country to receive the infusion meant to slow down Alzheimer's disease by up to 35%.
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
Holidazzle is a free event with lights, stage performances, Santa, nearly 200 vendors and more. It runs Wednesday through Sunday.
For generations, it's been an iconic part of the Twin Cities, and now it has its very own song, thanks to one of Minneapolis' own.
Among the 25 films selected by the Library of Congress to be preserved for future generations are the Coen Brothers' "No Country for Old Men," "The Social Network," Cheech & Chong's "Up in Smoke," and "The Texas Chainsaw Massacre."
Thirty years ago on Friday, the Metropolitan Sports Center in Bloomington was demolished.
Two high-powered girls basketball teams in Delano and Centennial met on the court Friday. Plus, see how Prince and Hiawatha High School’s gym are heavily connected.
Lindsey Vonn has finished 14th in a super-G to mark her return to World Cup skiing at age 40.
Dylan Guenther scored his second goal of the game midway through the third period and the Utah Hockey Club beat the Minnesota Wild 2-1.
The Minnesota United FC is already preparing for next season, less than a month after getting eliminated from the playoffs.
The Minnesota Vikings visit Seattle Sunday afternoon to face a Seahawks team coming off a disappointing loss to Green Bay and now host another tough opponent in the Minnesota Vikings.
Esme Murphy talks with Congressman Pete Stauber, who hopes to see President Biden’s 20-year moratorium on new mining near the Boundary Waters reversed by President-elect Donald Trump.
President-elect Donald Trump said he plans to reverse President Biden's 20-year moratorium on new mining near Minnesota's Boundary Waters Canoe Area Wilderness on his first day in office.
In this election, Klobuchar faired much better than all other Senate Democrats — she won by a significantly larger margin.
For Democrats the postmortem continues on why Vice President Kamala Harris and her Running mate Governor Tim Walz performed more poorly with almost every demographic than Joe Biden did in 2020. In Minnesota, Senator Amy Klobuchar did much better than Harris with some of those same groups.
As Election Day nears, experts say voters in Wisconsin and other battleground states will decide the 2024 presidential election winner.
During the first week of December, Little Falls holds Christmas tours around town. It's a chance for historic buildings to deck their halls and spread their cheer.
Duluth is known for its scenic views across the city, but one location stands out from the rest.
One family's creative design in central Minnesota allows guests to sleep under the stars — at any time of year.
"Thomas Dambo, he believes the trolls really help us kind of shine a light on how we can take better care of the environment and be better to each other," said Stearns.
There are a lot of quirky town names in Minnesota: Embarrass, Nowthen, Clontarff, Kiester. But the people of Nimrod believe their name stands out from the rest.
There are a lot of reasons to get distracted this time of year and to procrastinate.
It's a term that's being thrown around a lot these days. Some think it's a social thing, others a medical thing.
Every home has a distinct smell, and chances are your home smells just as strong to other people. Why can't we notice our own home's smell but we can notice everyone else's?
An important deadline is approaching, and we're not talking about Christmas shopping. End of semester exams are coming up for students of all ages.
Jeff Wagner dives into the cold-weather dating trend that has singles looking for love with a time limit.
Regions Hospital and Children's Minnesota share photos of their tiniest patients dressed to the nines for Halloween.
Minnesotans got a great view of the northern lights Thursday night due to the arrival of a severe geomagnetic storm.
Minnesotans got a great view of the northern lights Monday night.
Storms ripped through parts of Minnesota and western Wisconsin on Thursday evening. There were several reports of tornadoes and trees were downed in the metro and beyond, including in Cottage Grove, Anoka, Champlin and Fridley.
A powerful thunderstorm tore through the grounds of the Minnesota State Fair on Monday night, delaying Tuesday's opening.
After a cold day on Saturday, temperatures will rise again on Sunday.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
Most of the country will be above average this holiday season
Meteorologist Riley O'Connor forecasts mild temperatures after cold few days.
WCCO meteorologist Mike Augustyniak says there’s a chance for small amount of precipitation on Monday.
After a cold day on Saturday, temperatures will rise again on Sunday.
If you're traveling to or from Minnesota this weekend, you're not alone.
A Richfield man is facing charges after police say he shot and killed a woman involved in a vehicle break-in outside his home.
Meteorologist Riley O'Connor forecasts mild temperatures after cold few days.
Watch an unforgettable moment during an Alexandria football game that brought the crowd to tears. Plus, a tough battle in boy’s basketball between Rockford and Zimmerman.