Entries by Debtmerica

Larger amount of senior citizens have sizable debts

These days, millions of senior citizens are struggling with credit card debt and other sizable balances that can make their lives more difficult in retirement. A number of reports have come out in recent months detailing the struggles seniors and Baby Boomers have faced in the last several years when it comes to dealing with […]

More consumers putting medical bills on their credit cards

These days, millions of consumers remain uninsured or have healthcare plans that do not cover certain expenses, and these must be covered out of pocket. However, many are choosing to put the resultant bills on their credit cards, leading to more credit card debt. A recent survey by Demos found that close to half of […]

Are retailers now pushing rewards credit cards?

Now that the economy has made significant strides over the last year and a half and millions of consumers are once again feeling good about their personal finances, many might feel they are in a position to begin dealing with credit carddebt once again. As a result of this new trend, many major national retailers […]

Consumers may become more cautious about taking on credit card debt

A number of economic factors may lead more consumers to curtail their spending and in doing so make continued efforts to reduce their outstanding credit card debt. Recent statistics from the Conference Board shows that consumer confidence fell between April and May, and that might have a negative impact on borrowers' credit card use in […]

Do consumers now prefer travel rewards?

These days, millions of Americans are seeking new types of accounts that will reward them more handsomely for taking on credit card debt, and some of the most popular cards now have increased rewards for airline miles and other travelarrangements. The airline and hotel industries alone now issue more than $50 billion worth of credit […]

Consumers successfully cutting credit card debt since downturn ended

Consumers have been very conscientious in making sure to reduce their outstanding credit card debt over the last few years and now stand in far better financial positions since the end of the recession. Balances on consumer credit cards issued by financial institutions stood at $531 billion in April, according to the latest National Consumer […]

Americans want to use credit card rewards in summer plans

Millions of Americans are now happily taking on credit card debt because their accounts will grant them points, cash back or airline miles for doing so, and half of those making summer travel plans will redeem those perks to make their vacations more affordable. About 50 percent of all consumers planning to take a trip […]

Consumers still relying heavily on rewards credit cards

Since the end of the recession, many Americans have been shy about taking on credit card debt, but in many cases, those who do are now doing so through the use of rewards accounts. Though attitudes toward credit card borrowing have changed considerably in the last few years, rewards accounts remain extremely popular with both […]