The average APR is being driven up by more subprime cardholders carrying a balance while more prime cardholders pay off their balances, you have more people with higher APRs carrying balances and fewer people with lower APRs doing so, sending the overall average higher.

Matt Schulz

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There is no question there is a bit of a divide going on here, you have an awful lot of Americans who are doing pretty well and have been paying down debts, and an awful lot who are really, really struggling. The weird thing is, because of government stimulus and widespread payment deferrals, both groups may have credit that looks like they are doing well.

Matt Schulz

The scores will come down, there is no way, barring significant government stimulus in the future, that unemployment can stay really high and credit scores remain really high. That's not how things work.

Matt Schulz

With credit card debt, the advice is always to pay more than the minimum, but when it gets down to it and all you can do is pay the minimum, that's not the end of the world.

Matt Schulz