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

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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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