Sentences with phrase «card debt crisis»

According to the Federal Reserve, the U.S. is in the middle of a credit card debt crisis.

Unlike many of those in the debt industry, I have experienced my own credit card debt crisis.

Not exact matches

Public - sector solutions to resolve the Europe's debt crisis from institutions such as the International Monetary Fund and the ECB are «merely bodies exchanging cards in a game of old maid,» Gross added.

«Unlike the average American — wallowing in credit - card debt, clinging to a mortgage, terrified of the next downsizing at the office — he isn't worried about the economic crisis.

With the nation's debt crisis affecting many things, interest rates being offered on loans and credit cards will likely rise

With the negative beliefs of debt, credit cards, over-spending, and the financial crisis almost 10 years» ago, many people worry when it comes to their credit.

CFPB officials compared it with the debt amount in mid-2008 when the financial crisis was at its peak when consumers were carrying $ 4.4 trillion in credit card debt.

Following the recent economic crisis, many people have considered credit card debt consolidation loans in an effort to pay down the balances and their credit cards.

What's your Plan B for making payments on your credit card debt if your family's income unexpectedly drops or you're hit by a big, unexpected expense or some other crisis?

Given the bad rap that credit cards have had, particularly in recent years, no thanks to consumer credit card debt piling up and contributing to the credit and subprime loan crisis, it's refreshing to see that a good number of people still love their credit cards.

Not only did credit card debt as a percentage of real disposable income skyrocket after the financial crisis, it remained elevated throughout the recovery from the Great Recession.

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Loans, mortgages, credit card debts can lead to a financial crisis when borrowers feel desperate and don't know what to do.

Standard and Poor's Credit Card Debt Survey from October 2008 shows that consumers are using credit cards even more in the credit crisis than they were previously.

This reduces the odds that you'll have to run up your credit card debt to survive an unexpected financial crisis.

In many cases, a person struggling to pay credit card debt incurred that debt because of a financial crisis.

«Lenders of credit - card debt, auto loans and mortgages have adopted tighter credit - underwriting criteria in the aftermath of the credit crisis.

Millions of Americans are currently facing a crisis with their credit card debt.

The report, titled «Enhanced Credit Data and Scoring: Deeper Insight into Mortgage Applicants,» notes that consumers used to pay mortgage debts first, but because of the recent financial crisis some consumers now treat paying other debts, such as credit card bills and car payments, as a higher priority to maintain personal financial liquidity.