Most people don’t plan to get into credit card trouble. It usually starts small. One card for online purchases. Another because the bank offered a lifetime free deal. A third for travel rewards. At ...
Americans have been using their credit cards more than ever this summer. Revolving credit went up by 9.7% in July compared with a year earlier, according to the Federal Reserve. After months of ...
Consumer credit rose to $5 trillion in January — ‘small cracks are starting to emerge,' analyst says
Total outstanding consumer debt stood at $5 trillion as of January, according to the Federal Reserve's G.19 consumer credit report released on Friday. That is up slightly from a month earlier but down ...
Most of us categorize debt as either “good” debtor “bad” debt. However, savvy wealthy individuals recognize that not all debt is created equal.
The Fed breaks consumer credit into two main categories: revolving credit, such as credit cards, and non-revolving credit like auto loans, student loans and personal loans. July's surge was driven ...
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