Category:
Personal Finance
Most U.S. consumers have a variety of debt, ranging from credit card accounts, auto loans, medical debt, student debt, personal loans, a mortgage and more. As years go by, it…
If it’s that moment on the calendar when prognosticating becomes a daily ritual in America, it must be tax filing time again. Roughly 168 million of us know we must…
Paying down credit card debt should be simple, right? Pay the bill every month and watch the balance shrink. But for many people, it doesn’t always work that way. Balances…
It might seem harmless to miss a credit card payment, but making late payments (even if it’s just one day late) can have repercussions. The longer you go without paying,…
Nonprofit Debt Consolidation More than 50 million U.S. household carry credit card debt over from month-to-month and, according to the Federal Reserve, the average amount they owe is $6,270. Nonprofit…
Nonprofit Debt Consolidation More than 50 million U.S. household carry credit card debt over from month-to-month and, according to the Federal Reserve, the average amount they owe is $6,270. Nonprofit…
When it comes to managing money, the quickest solutions usually aren’t the best. Credit card cash advances give you a fast way to get your hands on some money, but…
Understanding how debt impacts your credit will help you pay off loans quickly and efficiently. This guide aims to help borrowers understand the different types of debt and the nuances…
If you’re wondering how to pay off $15,000 in credit card debt, you can comfort yourself with the fact that you’re not alone. More than 40% of U.S. households carry…
Credit Card Debt More than 50 million U.S. household carry credit card debt over from month-to-month and, according to the Federal Reserve, the average amount they owe is $6,270. Nonprofit…
Sources:
- Haughwout, A., et al (2022, November 15) Balances Are On the Rise – So Who is Taking on More Credit Card Debt? Retrieved from https://libertystreeteconomics.newyorkfed.org/2022/11/balances-are-on-the-rise-so-who-is-taking-on-more-credit-card-debt/
- N.A. (2023, January 11) Complaints by date received by the CFPB. Retrieved from https://www.consumerfinance.gov/data-research/consumer-complaints/search/
- N.A. (2022, November 15) Household Debt and Credit Report (Q3 2022). Retrieved from https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2022Q3
- N.A. (ND) Managing Debt. Retrieved from https://consumer.gov/credit-loans-debt/
- N.A. (2022, November 15) Supervisory Highlights, Issue 28, Fall 2022. Retrieved from https://files.consumerfinance.gov/f/documents/cfpb_supervisory-highlights_issue-28_2022-11.pdf