Despite tough economic climate, credit card debt drops by 9% according to Experian

For eight consecutive years, consumer ... payments), new card/account inquiries and balance changes of $1 or greater. Consumers are charging less on their credit cards Despite the tough economic ... Read More

Consumers are getting approved for credit cards again after pandemic lull, new TransUnion report finds

Consumers are approaching the pace of loan activity that existed pre-pandemic ... credit cards in 2019, according to Experian. If the average consumer with a $6,028 balance on their credit card ... Read More

Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt

Interest payments for U.S. consumers are ... loan is your best option. CONSUMER SPENDING AND DEBT ARE UP AS US ECONOMY BEGINS REBOUND In 2023, credit card debt balances rose more than many other ... Read More

How a credit card pandemic is gripping India

"Â "I have not been able to completely pay off my credit card outstanding balance and have ... the evolving consumer behaviour after the Covid-19 pandemic. "Despite the RBI's risk weight ... Read More

How to Pay Off Credit Card Debt in 2024

The average consumer ... to consolidate your credit card debt. One option is to get a personal loan for debt consolidation and use that to pay down your credit card balances. Read More

Pros and cons of balance transfer credit cards

And when you consider the fact that credit card interest rates have steadily increased in recent months, many consumers ... when you use a balance transfer card to pay down your debt. Read More

Average credit card debt increased 10% to $6,501 in 2023

That spending is great for economic growth: Consumer spending ... for existing credit card balances, appears to be squeezing many consumers, resulting in less cash to pay down their current ... Read More

Things You Should Never Use a Credit Card to Pay for

Despite experts’ advice, Kaiser Health News reports that around 1 in 6 Americans are paying off medical or dental debt they put on a credit card. If you’re paying for a down payment with a ... Read More

Should You Get A Credit Card For Your Child?

Despite this ... surpassing pre-pandemic levels,” according to the New York Fed; the biggest jump can be seen among card users aged 18 to 29. Total credit card balances increased by $50 billion ... Read More

Personal Loan Statistics and Trends to Watch in 2024

Charlie Wise, senior vice president at TransUnion It's not a coincidence that rising credit card balances are ... and early 2021 as many consumers hunkered down during pandemic stay-at-home ... Read More

How to pay off credit card debt

to consolidation products like balance transfer credit cards and personal loans. The best method for paying down your credit card debt depends on the amount of debt you have, your total savings ... Read More