January 13th, 2010

Wednesday Trends in Credit Cards & Debt

1 Comment |

US credit card

According to Credit Karma’s end of year data, American consumers’ credit card debt increased 18% nationally from July. The average consumer is reported to have $8,079 in credit card debt. CEO Ken Lin comments, “2009 was a rough year for many consumers, especially with unemployment topping 10-percent and the holidays.” He also predicts that early 2010 will usher a return to frugality. Here’s the round-up of updates on credit card and debt news, plus advice on reducing your own mountain of credit card debt.

Credit Card News

Debt News

One Comment

  1. It is GREAT to see people returning to the wise practice of fiscal responsibility!

    Matt Jabs at 1:54 pm on January 13, 2010

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