Rising Credit Card Debt a Potentially Bad Sign for Economy - Inc.com

The share of credit card debt that’s more than 90 days overdue rose to 10.7 percent during the first quarter, a 14-year high, according to the Federal Reserve Bank of New York’s report on ... Read More

Borrowers, especially the young, struggle with credit card debt ... - MSN

The share of credit card debt that's more than 90 days overdue rose to 10.7% during the first quarter, a 12-year high, according to the Federal Reserve Bank of New York’s report on first-quarter ... Read More

Borrowers struggle with credit card debt in potentially bad sign for ...

The share of credit card debt that's more than 90 days overdue rose to 10.7 percent during the first quarter, a 14-year high, according to the Federal Reserve Bank of New York's report on first ... Read More

Consumer Borrowing Tanks: Bad News for an Economy That Runs on Consumption

Over the last several months, credit card spending has dropped, signaling that Americans may be running out of borrowing power. This is bad news for an economy that depends on consumers buying stuff ... Read More

Credit Card Debts and Defaults Rise in Worrying Sign for Economy - Inc.com

Credit Card Debts and Defaults Rise in Worrying Sign for Economy. ... adding up to more bad news for indebted ... financial companies simply walk away from rising volumes of credit card debt. Read More

Does credit card debt forgiveness make sense if the economy is ...

It might seem counterintuitive, but for many borrowers, the answer is yes, credit card debt forgiveness can, and often does, still make sense when there are signs of economic improvement. Read More

Borrowers, especially the young, struggle with credit card debt in ...

A year ago severe delinquencies totaled only 8.2% of credit card debt. The first-quarter jump in severe delinquencies was the biggest since 2011. Meanwhile total credit card debt rose to $1.12 ... Read More

Credit Card Debts and Defaults Rise in Worrying Sign for Economy - MSN

Financial service businesses have written off 50 percent more overdue credit card debts in the past year, after exhausted household savings fueled consumer use of plastic. Read More

Borrowers, especially the young, struggle with credit card debt in ...

Meanwhile total credit card debt rose to $1.12 trillion from just under $1 trillion a year ago. Borrowers, especially the young, struggle with credit card debt in potentially bad sign for economy ... Read More

Borrowers, especially the young, struggle with credit card debt in ...

The share of credit card debt that's more than 90 days overdue rose to 10.7% during the first quarter, a 12-year high, according to the Federal Reserve Bank of New York’s report on first-quarter ... Read More