Accrued Interest, Consumer Credit and Credit Card Debt

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Accrued Interest

Consumer Credit

Credit Card Debt

Inflation is driving up consumer credit card debt by billions of dollars

Collection Industry News

SEPTEMBER 2, 2023

consumers took on $43 billion in additional credit card debt during the second quarter of this year, ending in June. 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. Newly released data from WalletHub says U.S.

Credit Card Debt

Credit Card Debt Consumer Credit Student loans Student Loans

Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion

Collection Industry News

OCTOBER 17, 2023

Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march higher. Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. Federally chartered credit unions have an 18% limit. For example, Sen.

Credit Unions

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Creditor Collections Today

Inflation is driving up consumer credit card debt by billions of dollars

Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion

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