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Cost Of Credit Card Debt Continues To Soar - Latest News


Credit card debt is costing you nearly $1,000 per year

Nearly half of Americans carry credit card debt, with an average balance of $15,654, according to an analysis by NerdWallet, based on data from the Federal Reserve Bank of New York and the U.S. Census ... read more

Soaring Deficits And Interest Costs Leave The U.S. Looking Very Fragile

And in it – they project the federal debt to soar over the next ... that’s unemployed and living on credit card debt. He keeps piling up more and more debt and he has no way of ever repaying it. But h... read more

High Deficits, Rising Interest Costs Leave U.S. Economy Looking Fragile

And in it – they project the federal debt to soar ... living on credit card debt. He keeps piling up more and more debt and he has no way of ever repaying it. But his creditors continue to ... read more

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Record Corporate Debt And The Next Financial Crisis: 5 Things Investors Need To Know

Probably the most hyperbolic and sensational was economist and author Robert Wiedemer's 2011 prediction that inflation was set to soar to ... equal to US credit card and auto loan debt combined. read more


What Happens to Your Credit Card Debt When You Die?

However, fewer people think through what will happen to their credit card debt. Will my family have to pay for ... Ultimately she didn't need to pay the debt. Story Continues However, Dellutri said it ... read more

5 Ways You Can Erase Your Credit Card Debt

Here are five ways you can erase your credit card debt. The list starts with the less expensive method. Discover which option is the best and most cost-effective for you ... seem counterintuitive beca... read more

Scrutiny Over College Governance As Tuition Costs Continue To Soar

Rising tuition and costs contribute to the enormous amount of debt students take on, which is now more than $1 trillion dollars, surpassing credit card debt. And the U.S. higher education system has b... read more

Income disparity side effect: First there was the wage gap. Now, there is a debt gap

It's no secret that wage inequality continues to be a hot-button issue in today's workforce ... A good bet is to pay those with the highest interest rates first -- typically, your credit card balances ... read more

How Long Does It Take to Pay Off $10,000 of Credit Card Debt?

As you pay down your credit card debt, you may notice that as the balance gets smaller, so does the minimum payment listed on your statement. If you continue to make only ... just under 28 years to pa... read more

Everything You Need To Know About Debt

Debt has become so ingrained in our American lifestyles, it’s borderline impossible to live without a credit card or a loan ... and without changes and action, it will only continue to get worse. Watc... read more

The smartest way to pay off credit card debt

"If that can help someone get out of debt faster, that's the long-term best play." 4. Pay off your balance If you're focused strictly on eliminating debt without taking on extra costs, pay off outstan... read more

Top 10 Ways to Conquer Your Debt

While attractive, debt consolidation loans usually don’t make sense if the loan will cost you more over the long haul compared to paying your cards down faster. With credit card balance transfer ... l... read more



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