credit card debt

August 07, 2020 - 2:38 pm
WASHINGTON (AP) — U.S. consumer borrowing rose in June after three months of declines but the key category of credit card debt extended its decline. The Federal Reserve reported Friday that overall consumer borrowing rose by 2.6%, or $8.95 billion, in June after big declines in March, April and May...
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FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. U.S. consumers reduced their borrowing for a third straight month in May 2020 as the millions of jobs lost because of the coronavirus pandemic made households less eager to take on new debt. The Federal Reserve reported Wednesday, July 8, 2020 that consumer borrowing declined by $18.3 billion in May, a drop of 5.3%. (AP Photo/Jenny Kane, File)
KNSS News
July 08, 2020 - 3:45 pm
WASHINGTON (AP) — U.S. consumers reduced their borrowing for a third straight month in May as the millions of jobs lost because of the coronavirus pandemic made households less eager to take on new debt. The Federal Reserve reported Wednesday that consumer borrowing declined by $18.3 billion in May...
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FILE - In this Monday, March 16, 2020, file photo, pedestrian traffic is light along Wall Street in Lower Manhattan in New York. The banking system is not as risk of failing as banks have plenty of capital on hand to handle this crisis due to the new coronavirus, economists say. (AP Photo/Craig Ruttle, File)
March 24, 2020 - 1:44 pm
NEW YORK (AP) — Tarred as villains during the 2008 financial meltdown, banks of all sizes are trying to help out Americans reeling from the economic crisis caused by the coronavirus outbreak. Banks are scrambling to put into place loan forgiveness and relief programs, working to keep their...
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March 06, 2020 - 3:11 pm
WASHINGTON (AP) — U.S. consumer borrowing slowed in January as borrowing on credit cards declined following a huge surge in December. The Federal Reserve said Friday that consumer credit rose by $12 billion following a $20.3 billion surge in December. The December number reflected the biggest...
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February 07, 2020 - 2:38 pm
WASHINGTON (AP) — Americans gave their credit cards a real workout this past holiday season. The Federal Reserve said Friday that borrowing on credit cards rose by the largest amount in more than two decades in December. Total U.S. consumer borrowing rose $22.1 billion in December, the central bank...
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FILE - This April 3, 2019, file photo shows a tip box filled with U.S. currency in New York. Money resolutions are common — but keeping them isn’t. You can beat the odds by taking a monthly approach to your yearlong money goals. To start, make sure you understand your money situation so you can set realistic targets. Then focus on what you can accomplish each month. (AP Photo/Mark Lennihan, File)
December 31, 2019 - 6:44 am
A year is built one day at a time. It’s the busy Tuesdays when you never have a moment and the lazy Sundays when you can finally relax. Focusing on small, cumulative actions can take you far, whether you want to train for a marathon, clean out your garage or start a hobby. This is especially true...
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FILE - In this Aug. 11, 2019, file photo a man puts his Visa card on a stack of cards for a split check at a restaurant in New Orleans. Knowledge is power when it comes to finances. Still, most people don’t know exactly where their money goes. Tracking your spending for one month will help you identify habits and spot excess expenses, says Colin Walsh, CEO of Varo, an online bank. (AP Photo/Jenny Kane, File)
December 17, 2019 - 5:30 pm
Raise your hand if you feel confident about your finances. Not feeling it? That’s OK. Perhaps you’re among the 60% of Americans living paycheck to paycheck, or one of the 81.6 million paying off student loan debt. It’s hard to feel confident when your loan balance doesn’t seem to budge and you’re...
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This Oct. 8, 2019, photo shows a Chase Sapphire card in New York. On Friday, Dec. 6, The Federal Reserve releases its report on consumer borrowing for October. (AP Photo/Jenny Kane)
December 06, 2019 - 2:06 pm
WASHINGTON (AP) — Consumer borrowing rose in October by the largest amount in three months, reflecting a big rebound in the category that includes credit cards. The Federal Reserve said Friday that borrowing increased by a seasonally adjusted $18.9 billion in October, up from a September increase...
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FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
KNSS News
December 02, 2019 - 10:18 am
Many of us feel bad about our debt. Most of us probably shouldn’t. Three-quarters of U.S. households owe money, but the vast majority pay their bills on time and have debt loads that are reasonable given their incomes. But many people still report being embarrassed about owing money. In one study,...
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November 21, 2019 - 10:19 am
Shatoria Smith was tired of the $5,000 in credit card debt she felt was blocking her from reaching her financial goals. She couldn’t see an easy path to being debt-free, so she drew herself a map by adapting a goal-setting framework she’d first heard about in a college business class: the SMART...
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