Credit Card Debt This Year: Consumers Paid $104 Billion in Interest and Fees
by
Gregory Mark Fitzgerald on Dec. 11, 2018
Bankruptcy & Debt Credit & Debt Bankruptcy & Debt Collection Bankruptcy & Debt Bankruptcy
Summary: Taking on a credit card may seem like a good idea at first, but in many cases, credit cards are a slippery slope offering the temptation to spend more than you can afford.
"Recent news shows that consumers in 2018 have put a lot of their money into making credit card companies richer; in fact, they are $104 billion, thanks to payments for fees and interest. This is a substantial increase from 2017, at 11 percent—along with a noted increase of 35 percent in the last five years."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.