Credit Card Balances: Statement vs Current
Update: 2025-11-18
Description
Americans are grappling with significant credit card debt, with over $257 billion in personal loans used for consolidation in the first half of 2025 alone. The key to managing this debt lies in understanding the difference between statement balance and current balance. The statement balance is the total amount owed at the end of your last billing cycle, while the current balance is a real-time snapshot of your financial situation. Knowing this distinction can help avoid costly mistakes and significantly reduce financial stress.
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