Inflation is driving up consumer credit card debt by billions of dollars
Collection Industry News
SEPTEMBER 2, 2023
That’s more than triple the average amount of new debt households have taken on in that period since after the Great Recession of 2007-08. Still, the effects of higher interest rates seem clear. interest rate was a little above zero until March 2022, at the end of the first quarter of the year. The benchmark U.S.
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