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Managing credit card debt in times of unemployment

Posted on July 10th, 2015 No Comments

Managing credit card debt in times of unemployment

A June 23 article on NerdWallet offered four workable tips on managing credit card debt for individuals during times of unemployment. These include the following: While looking for a new job, make sure to change your spending habits to stretch your funds. Retain your contingency funds and savings, although make it a point to settle minimum credit card […]

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Many in the U.S. have credit card debt

Posted on April 20th, 2015 No Comments

Many in the U.S. have credit card debt

A recent survey revealed that many Americans are still having trouble paying their credit card debts, although the number of those in debt has decreased somewhat, KOMO News reported on April 10. According to the National Foundation for Credit Counseling (NFCC) survey, at least one in three household occupants nationwide cannot settle their monthly credit card balance. […]

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Credit card debt increased in the U.S. last year

Posted on March 30th, 2015 No Comments

Credit card debt increased in the U.S. last year

A recent survey observed that credit card debt in the U.S. ballooned in 2014, and it may continue to increase this year by five percent, a March 10 article of CBS stated. CardHub said American households in 2014 were left with $57.1 billion in credit card debt and it is expected to increase to $60 […]

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Americans’ credit card defaults increase

Posted on June 18th, 2014 No Comments

Americans’ credit card defaults increase

A study conducted by a credit card firm recently reported that credit card use has increased among Americans but less debt is being paid off, an article on the Voice of Russia US stated on June 11. According to CardHub.com’s forecast, by the end of 2014, at least $298.5 billion will have been defaulted by credit card holders in […]

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