Tag Archives: economic downturn

How the Fiscal Cliff Could Affect Your Credit Card

Written By Bill Hardekopf
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The fiscal cliff is getting closer to becoming a reality. The members of Congress and President Obama still seem far apart. Statistics and projections show the painful consequences with tax increases for many consumers. Higher tax payments will be bad … Continue reading →

Credit Card Debt Still Dropping in Struggling Areas

Written By Lynn Oldshue
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According to a new report from Equifax, the total consumer credit card debt is still declining in metropolitan areas recovering more slowly from the economic crisis. The report showed the nation’s overall credit card debt increasing 0.02 percent in August … Continue reading →