credit card debt

Credit and Debt

In “Last Hurrah”, Credit Card Debt Explodes Higher Despite Record High APRs As Savings Rate Craters

December 7, 2024 RickMad 0

One month ago, when multiple discount retailers (here and here) were lamenting the sudden collapse in US consumer purchasing power, we highlighted the reason this unexpected hit to US consumption: as the US personal savings rate had collapsed, the growth in consumer credit was slowing […]

Economy

11 Signs That U.S. Consumers Are In Very Serious Trouble As We Head Into The Final Stretch Of 2023

November 21, 2023 RickMad Comments Off on 11 Signs That U.S. Consumers Are In Very Serious Trouble As We Head Into The Final Stretch Of 2023

TheEconomicCollapseBlog.com: U.S. consumers are getting weaker and weaker and weaker.  Today, debt levels have risen to unprecedented heights, but thanks to roaring inflation our standard of living has been steadily going down.  Most Americans are working extremely […]

Credit and Debt

Once You Hit This Credit Score, ‘There’s No benefit To Scoring Higher,’ Says Expert: ‘It’s Just Bragging Rights’

August 14, 2023 RickMad Comments Off on Once You Hit This Credit Score, ‘There’s No benefit To Scoring Higher,’ Says Expert: ‘It’s Just Bragging Rights’

CNBC.com: While having a perfect 850 credit score is impressive, you don’t necessarily need it to unlock the best benefits. “Typically, once you hit the mid-700s, you’re considered to have excellent credit and there’s no practical benefit to […]

Personal Finance

Credit Card Debt Hits Eye Popping $1T For The First Time Ever

August 8, 2023 RickMad Comments Off on Credit Card Debt Hits Eye Popping $1T For The First Time Ever

FoxBusiness.com: Americans are increasingly turning to their credit cards to cover everyday expenses, with debt surpassing $1 trillion for the first time at the end of June, according to a New York Federal Reserve report […]