Cards

American Credit Card Debt Reaches Record Highs

5 days ago

Recently, a troubling trend has emerged in the United States: credit card debt and the overall level of household debt among Americans have reached historical highs. Experts warn that households are facing increasing financial burdens, with many beginning to struggle with repaying their debts.

Surge in U.S. Credit Card Defaults Reaches Highest Level in 14 Years

2 months ago

In recent months, the United States has witnessed a sharp increase in credit card defaults, reaching a level not seen in a generation. According to the latest data, the default rate for credit cards in the country rose to 2.7% in the third quarter of 2023. This marks the highest level since the third quarter of 2009, raising concerns about the financial stability of consumers amid rising costs and inflation.

Warning! Gift Card Scams: How to Avoid Fraud This Holiday Season

3 months ago

As the holiday season approaches, scammers are ramping up their activities and using various tricks to deceive trusting consumers. One of the most popular methods of fraud has become gift cards. Experts urge everyone to be especially cautious and pay attention to six common scams involving gift cards.

Record High Credit Card Debt in Canada: Implications and Causes

6 months ago

According to Equifax, credit card debt in Canada has reached its highest level since 2007, raising concerns among experts and economists. Studies show that Canadians currently owe over 103 billion Canadian dollars on credit cards, which is a 9% increase compared to the same period last year. This also means that the average debt per person has risen to more than 4,800 Canadian dollars.