There has been consistent growth in the four main areas of debt — home, auto, student loans and credit cards. Credit card debt balances are reaching an all time high in America. Credit cards are actively used by over 176 million American citizens today. This includes the number of people who also are using…
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Student Loan Debt is at an All Time High The student loan debt in the US is now at $1.6 trillion and is continuing to rise. The primary factor for this is the slow repayment of these loans. This is according to a report released from Moody’s Investors Service, a credit rating agency. Although…
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Credit Card Debt Forgiven? Hol’up! Is that true?! It is – but only for Canadian customers. So, in 2018 Chase decided to exit the Canadian market and closed credit cards for Canadian customers while requiring them to continue paying. Odd move but understandable considering that the debt was still pending regardless of future use…
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