Credit cards are the dominant payment method, from reimbursed business travel to ecommerce and bar tabs. And some people use them to borrow. By Wolf Richter for WOLF STREET. Credit cards are a measure of spending, not a […]
One month ago we warned that the toxic cocktail of Volcker-esque rates which have pushed the average credit card APR to a nosebleeding 21%… … and surging credit card balances would lead to a catastrophic […]
Authored by Michael Maharrey via SchiffGold.com, We have a debt ceiling deal. And the deal is there is functionally no debt ceiling until January 2025. When this drama all started back in January, I called […]
Credit card debt among Americans continues to rise as regular bills and every day costs continue to get more expensive due to record levels of inflation. CreditCards.com issued a new report which showed 60% of […]
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