Credit Card Interest Rates Marching Up?
The prime rate has been sitting at 3.25% since March 2020. The rate is a historic low, illustrated at a ...
Tag: Revolving Debt
Learn how revolving debt impacts consumer credit, focusing on the role of credit cards and loans in managing ongoing balances within the payments and banking industry.
Inflation: 7% Rates Will Haunt CC Users and Bring Risk to Credit Quality
Credit cards help consumers get through their everyday needs. No matter where you are on the economic spectrum, you can ...
Child Tax Credits & Credit Card Debt: A Funky Trend, but Take It as a Win
Since the early days of COVID, the United States Census Bureau amped up its wide range of analytic tools. The ...
Credit Purchases and Revolving Debt Declined in 2020:
Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left of your screen to ...
Revolving Debt Generates Interest Revenue:
Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left of your screen to ...
Inflation, COVID, and Credit Cards
You’ve heard all the good news about credit cards as 2021 closes out. Revolving debt volumes are up, credit losses ...
Turkeys, Inflation, and the Ability to Repay Credit Cards
Inflation creates risk in the credit card business. The typical U.S. household, with a median income of $68,521, must juggle ...
Lack of Confidence: Credit Card Lenders Tighten Standards to a New Peak
Consumers may be watching their spending, but lenders are watching their lending. Credit card lenders tightened their underwriting standards to ...
Credit Card Gloom and Doom: It Depends Whom You Ask
Today’s WSJ has an optimistic view of consumer credit amidst the current recession. It appears a bit too rosy. Is it that ...
Revolving Credit Cards and the “T” Word
It appears that slightly less than $1 trillion in revolving credit card debt is a sweet spot for the United ...
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