Consumers across income levels, credit scores and generations have accumulated high levels of debt. In fact, credit card debt recently surpassed $1 trillion for the first time. With this backdrop, high credit scores are pivotal to accessing credit and maintaining purchasing power. Consumers can improve...
Consumer credit card debt in the United States has surpassed the $1 trillion mark, leading to heightened concerns about credit insecurity among both consumers and providers. Against that backdrop, many consumers grappling with high debt are more likely to face bankruptcy and be limited to...
The United States economy’s heavy reliance on domestic consumption has become more relevant than ever, with consumer credit card debt breaking the $1 trillion mark for the first time. Consumer drive to keep a certain standard of living — even if inflation and other factors push...
Bank charge-off rates indicate possible trouble on the horizon as consumers increasingly miss monthly payments. It can take just a single life event to turn someone’s world upside down — be it a job loss, long-lasting illness or natural disaster. These crises can have wide-ranging...
October 24, 2023
Consumers across income levels, credit scores and generations have accumulated high levels of debt. In fact, credit card debt recently surpassed $1 trillion for the first time. With this backdrop, high credit scores are pivotal to accessing credit and maintaining purchasing power. Consumers can improve their credit scores through different avenues, such as via credit-builder […]
May 15, 2023
Bank charge-off rates indicate possible trouble on the horizon as consumers increasingly miss monthly payments. It can take just a single life event to turn someone’s world upside down —...
