The numbers: The amount of credit consumers used in May rose by a sharp $22.3 billion, but it slowed from the breakneck pace in the prior three months. Economists had expected Read more
Tag: Credit Cards
‘I am a 53-year-old single man with very little savings’: I want to take out a 30-year mortgage, but pay it off in 7 years. Is that possible?
I am a 53-year-old single man with very little in savings. I paid off all my credit-card debt a couple of years ago. I have now decided to purchase a Read more
‘The key is not to be paralyzed by fear.’ Now is the time to be proactive before higher rates show up on your credit card bills.
Credit card debt can be difficult to manage even in the best of times, but increasingly high interest rates are adding to that challenge. In June, the Federal Reserve announced Read more