Post Profile






Credit card interest rates hit new highs

The amount of debt consumers have has continued to increase over the last few years as the auto loan industry and student loan debts hit new highs. Credit card debt also continues to grow, especially with annual percentages rates (APR) also hitting all-time highs. Today the average consumer pays an APR of 15.22%. The credit card industry has not seen APRs this high since December 2011.
read more

share

Related Posts


NY Fed: Consumer Deleveraging Continued in Q1, but Student Loan Debt Continued to Grow

Business & Finance / Economics : CalculatedRisk

From the NY Fed: New York Fed Quarterly Report Shows Student Loan Debt Continues to GrowIn its latest Quarterly Report on Household Debt and Credit, the Federal Reserve Bank of New York today announced that student loan debt reporte...

Steve Rhode: Student Loan Debt Creates Drag on Economy and Older American's

Business & Finance : Huffington Post: Business Blog

Student loan debt is fast becoming a major problem in the United States. The level of student loan debt has now exceeded the amount owed on all credit cards. And it's growing.

Student Debt Is Skyrocketing For A Very Odd Age Group

Business & Finance : Business Insider: Clusterstock

According to the New York Fed, Student loan debt is the only form of consumer debt that has grown since the peak of consumer debt in 2008. Moreover, student loans balances have eclipsed both auto loans and credit cards, making stude...

Student, Auto Loans Hit Record High As Credit Card Debt Surges

Business & Finance : Zero Hedge

The Fed's latest consumer credit report revealed that in the month of June, overall household credit rose a smaller than expected $12.3 billion, below the $17 billion expected, and below last month's $17.9 billion increase. The reas...

Sen. Elizabeth Warren wants you to be able to refinance your student loans

Business & Finance : Ezra Klein

Students with debt are, in a technical sense, America's deadbeats. A higher percentage of Americans with student debt are delinquent on their loans than people with credit card debt, an auto loan or a mortgage. Some will be in debt ...

Comments


Copyright © 2016 Regator, LLC