Credit card debt in America: You’re not alone in debt
Most Americans have one thing in common: They’re dealing with thousands of dollars in credit card debt. The average amount of credit card debt for men is around $7,407. For women, that amount is $5,245. The average amount of debt in the country is $5,315 per adult in 2021. In 2019, that amount was $6,194, […]
Credit card debt continues to be a national problem
In an economy like that of Wisconsin and the United States, credit cards play an important role, offering convenience through cashless payments to make both major minor purchases. Nonetheless, consumers need to pay off their credit card debts each month to avoid debts that mount with ever-higher interest rates and to avoid being cut off […]
Credit card debt declines as economy improves
The numbers are in: for the last three years, the number of people filing for bankruptcy, including in Wisconsin, has gone down. There were just over 22,500 filings in the state in 2013, according to U.S. Bankruptcy Court records, a 9.5-percent decrease from 2012. Chapter 7 bankruptcies that can wipe out credit card debt, medical […]
The high risk of credit card debt to military service personnel
Military service personnel, including those in Outagamie, Wisconsin, risk their lives to serve and protect our country. During deployment, however, these military personnel are at risk of accumulating credit card debt. According to a new survey conducted by the FINRA Foundation Military Financial Capability, military service personnel, especially the younger ones, might accumulate credit card […]
Credit card debts may lurk in Wisconsin during holidays
Wisconsin residents know that holiday overspending using plastic leaves many people with substantial debt that can take years to pay off. The best way to deal with the problem is to understand the realities of credit card debt and make more informed decisions. Credit cards are really loans in which unpaid principal rolls over each […]
Saving Wisconsin residents from store credit card debts
While some Appleton, Wisconsin, residents are taking advantage of occasional sales at malls and different department stores, other people are saving up and waiting for Black Friday. The day after Thanksgiving, often known as Black Friday in the retail world, is a day when hundreds of people line up outside of stores and enjoy great […]
Millions of Americans forlorn in credit card debt
In theory, at least, the recent economic crisis has ended, but if you tell that to the millions of Americans who have lost wealth and confidence in the future, you might not get much agreement. As the economy slowly recovers, people across the country would finally seem to have financial breathing room and flexibility. Unfortunately, […]
Errors that lead to credit card debt
Appleton and Outagamie County, Wisconsin, residents are among the 1.5 billion credit card users across the United States. The Credit Card Accountability Responsibility and Disclosure Act provides some protection to credit card users, the consumer still needs to use credit responsibly. Failure to do so could lead to unmanageable credit card debts. For this reason, […]
Tips first-time Wisconsin credit card holders should remember
For Appleton and Outagamie, Wisconsin, residents, receiving their first credit card can be very exciting. However, plastic money with all its perks and privileges also has its drawbacks. Taking credit cards for granted can cause mountainous bills that not only affect a person’s financial standing but everyday life as well. For this reason, first-time credit […]
Appleton consumers returning to credit card debt
The economic turn that many Americans experienced is a time for celebration as Americans begin to see the light at the end of the recession. The lessons learned about reducing debt during that time were life-saving and many Americans, including Appleton residents, should be mindful not to go back to the old ways of accumulating […]
