Credit Purchases and Revolving Debt Declined in 2020:
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Tag: credit card debt
Turkeys, Inflation, and the Ability to Repay Credit Cards
Inflation creates risk in the credit card business. The typical U.S. household, with a median income of $68,521, must juggle ...
Credit Card Growth: Marketer’s Dream or Credit Manager’s Nightmare?
It is still early in the game to prove whether the increase in consumer debt cited by the Federal Reserve ...
Credit Cards: First You Feel Good, Then Maybe Not So Much
Here’s an interesting read as we close out October. The New York Times reports on a research study from The University ...
Credit Card Volumes Brewing before Winter Holidays Hit
Black Friday is 32 days away, on November 26. With 2021 retail sales “estimated to total between $4.44 trillion and $4.56 ...
Modernizing Credit Card Collection Regulations: Updating the FDCPA
November 30, 2021, is the kick-off date for modifying Regulation F, which governs collections' dos and don'ts. The change comes ...
Credit Card Delinquencies: Volume Decreases Choke Collection Agencies
Probably the least regarded segment of credit cards is the lowly collection agency. They work at the back end of ...
Credit Card Revolving Debt: Next Stop $1 Trillion?
U.S. Revolving debt slowly rebounded in June, based on the latest update by the Federal Reserve. The Seasonally Adjusted metric moved ...
Revolving Credit Card Debt: Is $1 Trillion the Max We Can Handle?
One trillion is a large number. When it represents the amount of consumer debt in the United States, each of ...
Credit Card Debt Settlement Companies Come Under Fire: It Is About Time
Credit card growth might be lagging after COVID-19, but business is booming for private debt settlement companies. According to the Consumer ...
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