credit card debt

Millennials May Never Financially Recover From The Great Recession
Millennials May Never Financially Recover From The Great Recession
May 23, 2018  |  Debt

For all the press about how millennials are the future of commerce, there is one big and rather problematic roadblock in that narrative. Millennials are...

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American Consumer Debt To Hit $4 Trillion By EOY
American Consumer Debt To Hit $4 Trillion By EOY
May 11, 2018  |  Debt

New data shows that Americans are on pace to accumulate a collective $4 trillion in consumer debt by the end of 2018. LendingTree, the nation’s...

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Mobile Savings App Digit Gets Into Credit Card Debt Payments
Mobile Savings App Digit Gets Into Credit Card Debt Payments
April 25, 2018  |  Mobile

Digit, the developer of an automatic mobile savings app, has launched a new feature enabling its users to pay down credit card debt directly from...

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Big Four U.S. Banks Hit With $12.5B In Credit Card Losses
Big Four U.S. Banks Hit With $12.5B In Credit Card Losses
January 22, 2018  |  Debt

When it comes to credit card debt, American consumers aren’t the only ones who are suffering. New results show that the big four U.S. retail...

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Consumer Credit Hit Record $27.95B In November
Consumer Credit Hit Record $27.95B In November
January 09, 2018  |  Consumer Finance

New data from the Federal Reserve shows that outstanding consumer credit rose by $27.95 billion in November from the previous month, the largest increase in...

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CFPB Releases Its Consumer Credit Report Card
CFPB Releases Its Consumer Credit Report Card
December 28, 2017  |  CFPB

December 2017 is something of an anniversary for Americans – though one they probably don’t like to celebrate. Exactly one decade ago, the Great Recession officially...

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American Express Adapts To Woo Budget-Mindful Consumers
American Express Adapts To Woo Budget-Mindful Consumers
August 30, 2017  |  Consumer Finance

American Express is rolling out new features designed to attract young, budget-conscious consumers into taking on credit card debt. Reuters reported news that the company...

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Consumer Credit: Privilege Or Entitlement?
Consumer Credit: Privilege Or Entitlement?
August 25, 2017  |  Debt

There isn’t much that can be said about the “average” American credit user in 2017 because, as it turns out, there really isn’t one. According...

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US Consumer Debt — Ten Years Later
US Consumer Debt — Ten Years Later
August 18, 2017  |  Debt

The economic world before the Great Recession and the world ten years hence are similar-looking — but in many ways fundamentally different — places.  And...

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