Credit Card Debt Nears $900 Billion, Highest Since 2007 – ValueWalk Premium
Average credit card debt
09Sep

Credit Card Debt Nears $900 Billion, Highest Since 2007

Credit card debt could cross $900 billion by the end of the year, bringing the average indebted household’s balance to $7,813, which is the highest amount since the Great Recession, cautions CardHub. CardHub published its 2015 Credit Card Debt Study for Q2 2015, wherein it noted that credit card users are reverting to pre-downturn bad habits.
CardHub strikes cautionary tone for 2015

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Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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