Tag: consumer debt
For most consumers, debt is an integral part of their total financial picture, but it’s also a double edged sword. Get the latest news on consumer debt in the U.S. and how people are managing their debt to achieve stability and avoid common challenges. With the right information, any consumer can take control of debt and make it work for them!
Nov 09, 2016 | Meghan Stewart
We look at which generation has the most credit card debt and explain why no matter how old or young you are, there’s no reason to carry a credit card balance.
Oct 07, 2016 | April Lewis-Parks
In spite of approaching $1 trillion in credit card debt and being over $1 trillion in student loan debt, there’s some good news in personal finance, too.
Sep 28, 2016 | Meghan Stewart
Americans racked up more credit card debt in the second quarter of this year than any other year before. Are consumer debt levels becoming unsustainable?
Credit Cards, Debt Relief
Jul 20, 2016 | April Lewis-Parks
Minimizing debt as you head into retirement is key to maintaining financial stability during your golden years, but how can you be debt-free before age 65?
Jun 27, 2016 | Michael Koretzky
People thought America’s youngest consumer segment had an aversion to credit cards, but new data shows they’re just as likely to carry balances over.
Credit Cards, Young Consumers
Jun 24, 2016 | Michael Koretzky
A new study finds half of Americans believe they will die broke if their financial situation doesn’t change by subtracting debt and adding income.
Debt Relief, Financial Wellness, Retirement
Jun 09, 2016 | Michael Koretzky
While Americans paid off almost $27 billion in credit card debt in the first quarter of 2016, it’s a drop in the bucket compared to the total debt accrued.
Credit Cards, Debt Advice, Debt Relief
Mar 14, 2016 | Meghan Stewart
Debt collectors are finding ways around the FDCPA and issuing warrants for failure to comply with court orders over unpaid credit card debt. What can you do?
Mar 04, 2016 | Meghan Stewart
A study finds that while average debt levels are rising in all categories from credit cards to student loans, many Americans are living entirely debt free.
Debt Advice, Debt Relief
Feb 17, 2016 | Meghan Stewart
Household debt may impact the socioemotional well-being of children – while mortgage and student loan are good, credit card debt could be harmful.