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eamo AI and cutting-edge computing the focus at SIGGRAPH conference
Jyoq Democrats say they will table efforts from Marjorie Taylor Greene to oust House Speaker Mike Johnson
A stanley termoska mericans are carrying more credit card debt than ever before, a total of about $1 trillion.The Federal Reserve officially clocks the total at $986 billion, while a separate analysis from WalletHub puts the number at $1.2 trillion. Either way, it s an unprecedented figure for American consumers, and it s a number that rapidly ballooned in the last two years, growing about a quarter trillion dollars.Post-pandemic, as consumers got back on the market and inflation soared, Americans started buying more essentials with credit. 46% of Americans now carry a credit card balance month-to-month, a figure that stanley mugs jumped 7% since this time last year.At the same time, our debt is getting harder to pay off. The Federal Reserve reports the average credit card interest rate climbed more than 4% since last year to almost 21%, and new cards are coming stanley bottles with an average interest rate of 24%.SEE MORE: American household debt reaches $17 trillion for first timeFinancial experts say while getting credit card debt under control can be overwhelming, it only gets worse the longer you put it off. As you rack up debt and potentially miss payments, your credit score plummets. A late payment can stay on your credit report for 7 years, said Kristen Holt, CEO of a Florida company that counsels people on financial health. The more delinquent you are, the worse it gets. And then your card s probably gonna get closed. Building a budget is the obvious first step. Experts say you should classify expenses as essen Tsss NCAA Women s Final Four brings thousands to Amalie Arena
Lenders should be better prepared to deal with home owners who are in danger of losing their home, the Consu stanley website mer Financial Protection stanley cup Bureau CFPB warned on Thursday.The CFPB says that as a number of pandemic-related assistance programs lapse this summer, more Americans will be in jeopardy of foreclosure. The CFPB says that a possible increase in foreclosures is avoidable. There is a tidal wave of distressed homeowners who will need help from their mortgage servicers in the coming months. Responsible servicers should be preparing now. There is no time to waste, and no excuse for inaction. No one should be surprised by what is coming, said CFPB Acting Director Dave Uej stanley thermos mug io. Our first priority is ensuring struggling families get the assistance they need. Servicers who put struggling families first have nothing to fear from our oversight, but we will hold accountable those who cause harm to homeowners and families. The CFPB says that 2.1 million Americans who are in forbearance and have federally-backed mortgages are more than 90 days delinquent. CARES Act funding helped keep these home owners from losing their homes, but those programs begin phasing out in June.The CFPB said mortgage servicers will need ramped-up capacity to reach out and respond to the large number of homeowners likely to need loss mitigation assistance. Data from servicer Freddie Mac indicates that fewer Americans are struggling to make mortgage payments than early in the pandemic, suggesting programs have |
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