Sentences with phrase «record high credit card debt»

Yet some consumers are just as strapped as they were in 2008 with record high credit card debt, student loan debt, and auto loan debt.

Not exact matches

Card debt hit a record high, while credit scores reached their highest point in a decade, as consumers loosen the purse strings.

Outstanding revolving balances — largely credit card debt — again hit a record high in January, while student and auto loan debt grew by 5.6 %.

Based on the huge jump in credit card debt to an all - time high and the decline in the savings rate to a record low in Q4 2017, it's most likely that the average consumer «pre-spent» the anticipated gain from Trump's tax cut.

This mostly explains the why credit card debt hits a new record high every month now.

In the past two months, Congress has gone on a borrowing spree, racking up trillions of dollars in new debt on the national credit card at a time when the debt is already at post-war record highs.

If you have any late payments on your record, part of the reason may be because of high credit card debt.

(and the gain is not tax free) The real cause of the increase in debt - to - income ratio is the following; 1) High taxation leaving fewer dollars in the hands of the public 2) Record low interest rates and relaxed lending criteria 3) The wealth affect of increasing Real Estate prices 4) ridiculous credit card interest rates 5) lack of real wage growth

The United States just broke all - time records; «Outstanding revolving credit debt (credit cards) reached $ 1.021 trillion, an all - time high as of June 2017.»

Now you should look at the information you have recorded and determine which credit card is contributing the most to your credit card debt problem by looking at the card with the highest APR and highest balance.

The national average credit card debt is growing every day, and it's reached record highs in recent months.

«The new record high credit card use is seen by some as a sign of confidence in the economy, but more debt is more potential for financial hardship — especially during times of unemployment and times of reduced income,» said Melinda Opperman, executive vice president of the credit counseling agency Credit.org in an email interview.

Assuming you do not have a ton of collection accounts, charge - offs, public records or late payments; high credit card debt may be the number one factor holding your credit score down.