Tag: Credit Card Debt

Financial Services, Industries

US Consumers Pay Down $10B In Credit Card Debt In Q3

November 18, 2020


Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according to a report in the Wall Street Journal (WSJ) citing the Federal Reserve Bank of […]


U.S. Credit Card Debt Tops $1 Trillion for the First Time Since the Recession

April 10, 2017

Via: Fortune

America’s credit card debt has reached more than $1 trillion—the highest level since the country’s last recession in 2008, according to new data from the Federal Reserve. The higher level of consumer borrowing means people are spending more on big-ticket […]