U.S. Credit-Card Debt Reaches Record Level - Prudent Financial Solutions

U.S. Credit-Card Debt Reaches Record Level

U.S. borrowers owed more than $1 trillion in credit-card debt for the first time at the beginning of 2018, and came close to breaking the record for how much debt they repaid, according to a study by personal-finance website WalletHub. Americans paid $40.3 billion in credit-card debt in the first quarter of 2018, the second highest quarterly paydown since 2008, the report says. The average household owed $8,166 in credit-card debt, which is roughly $300 less than the level at the end of 2007, when the most recent...

U.S. borrowers owed more than $1 trillion in credit-card debt for the first time at the beginning of 2018, and came close to breaking the record for how much debt they repaid, according to a study by personal-finance website WalletHub.

June 27, 2019

U.S. Credit-Card Debt Reaches Record Level

U.S. borrowers owed more than $1 trillion in credit-card debt for the first time at the beginning of 2018, and came close to breaking the record […]