Credit Card Charges in December Spike Consumer CreditU.S. borrowers tacked on $19.6 billion in revolving -- mostly credit card-related -- debt in December, according to preliminary data from the Federal Reserve. Non-revolving credit was also up. Borrowing grew across all categories -- be it charges on commercial credit cards, student promissory notes, auto loans of fixed-term mortgages.
The Student Loan Crisis Is Crippling America's Families -- Is The Economy Next?With student loan debt now topping U.S. credit card debt and few or no options available for distressed borrowers (including parents who co-signed and now face the loss of nest eggs, retirement homes and other assets), America faces the very real possibility of another major economic threat on par with the devastating home mortgage crisis, according to a new survey and report, Student Loan 'Debt ...