Credit card delinquencies are increasing, with younger users struggling the most. Gen Z has 15.3% maxed-out cards, while Millennials have 12.1%, according to the New York Federal Reserve. If you’re missing payments, contact your credit card company for options. Creating a repayment plan is crucial to avoid collections and further credit damage. Consider cutting expenses or increasing income through side gigs. Consolidating debt with a personal loan or 0% APR credit card can help manage interest costs. Working with a credit counselor is another option if struggling with significant debt.

To improve your credit, focus on making on-time payments, keeping credit utilization low, and avoiding opening new accounts. Taking positive steps can help improve your financial situation amidst credit card debt challenges.

Read more at Yahoo Finance: What to do if you can’t make your credit card payments