Sentences with phrase «families rely on credit cards»

Other key contributing factors include misconceptions about federal loans only being available to the poor, families relying on credit cards to pay tuition instead of education loans and the ease of applying for private student loans.

Not exact matches

In addition, the study determined that the last time the small business owners surveyed had needed funds, 62 percent had withdrawn personal savings, 22 percent had used business credit cards, 24 percent had used their personal credit cards and 10 percent had relied on family and friends.

Credit card reliance broadly increased for respondents of all age groups, except for the youngest firms (0 - 5 years), which relied more heavily on business earnings or loans from friends and family;

Gas rewards credit cards are really popular right now, as more and more families rely on multiple vehicles to get around and the price of gas gets ever higher.

Being unable to make regular mortgage or credit card payments has already put a strain on families who previously relied on traditional banks or credit unions for regular cash flow.

In 2016, the growth in medical and housing costs far outpaces income growth, making it difficult for many families to keep up without relying on credit cards.

Instead, you'll have to rely on business credit cards, borrowing from friends and family, crowdfunding, personal loans or a microloan from a nonprofit lender.

In this economy, it's not uncommon for a person or family to rely on cards to help make it through the month, which can quickly raise their credit utilization percentage and thus bring down their credit score, regardless of whether they pay the card off in full by the end of the billing cycle.

Many of our friends and family members have had to rely on credit cards to survive hard times.

Typically, families that rely on credit cards spend more at the end of the year around the holidays and then try to pay some of it back in the new year during the first quarter.