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Economy, Personal Finance

“Americans’ Credit Card Debt Poised to Reach 10-Year High”

“Americans are projected to fall seriously behind on their credit card bills at the highest rate in a decade as banks push a record number of people to get plastic.

The share of credit card borrowers who are at least 90 days past due on their accounts will probably tick up to 2.01% next year, the highest level since 2010, according to a forecast by TransUnion. Still, the credit-rating company said the increase isn’t a cause for concern, noting that bad card debt still remains much lower than the level seen during the last recession…”

https://finance.yahoo.com/news/americans-souring-credit-card-debt-110000412.html

Do yourself a favor. Don’t create debt if you don’t have to. Playing with debt is like playing with fire. You better know what your doing.

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