Tag #Consumer Debt

Showing 13 to 24 of 57 results

cnn.com
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Strained Household Finances Threaten US Economic Outlook

High inflation, high interest rates, and renewed student loan repayments are straining American household finances, increasing debt defaults, and impacting consumer spending, potentially leading to an economic downturn. The Trump administration's tariffs further exacerbate uncertainty.

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52% Bias Score

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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High Credit Card Interest Rates Drive Consumers Towards Debt Forgiveness

US credit card debt totals \$1.18 trillion, up 6% year-over-year, with interest rates exceeding 21%, leading some to consider credit card forgiveness as a solution due to high rates and long processing times (24-48 months).

Progress

48% Bias Score

No Poverty
nbcnews.com
🌐 85% Global Worthiness
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Klarna's Losses Double Amidst Rising BNPL Debt

Klarna's Q1 2024 net losses doubled despite revenue growth, with consumer credit losses surging 17% to $136 million, reflecting a wider trend of increasing BNPL debt and relaxed regulations, coinciding with record U.S. consumer debt.

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48% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Record Credit Card Debt Spurs Demand for Debt Relief Solutions

Record-high credit card debt in the US, fueled by inflation and tariffs, is driving demand for debt relief solutions like consolidation, balance transfers, debt management plans, and debt settlement, each with varying costs, credit impacts, and eligibility.

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36% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Buy Now, Pay Later Grocery Shopping Soars Amidst Economic Uncertainty

A new LendingTree poll reveals that 25% of American adults are using buy now, pay later services for groceries, a significant increase from previous years, indicating financial strain from inflation and economic uncertainty; 41% of users missed a payment deadline.

Progress

68% Bias Score

No Poverty
nbcnews.com
🌐 85% Global Worthiness
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BNPL Grocery Purchases Surge as Americans Face Economic Strain

A LendingTree survey reveals that 25% of Americans are now using buy now, pay later services for groceries, up from 14% in 2024, while 41% of BNPL users made a late payment in the past year, highlighting the financial strain caused by inflation and high interest rates.

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40% Bias Score

No Poverty
edition.cnn.com
🌐 85% Global Worthiness
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US Household Finances Strained by Inflation, Interest Rates, and Policy Uncertainty

High inflation, high interest rates, and unpredictable policies are straining American household finances, causing increased debt, delinquencies, and declining consumer sentiment; Buy Now, Pay Later use for groceries has risen to 25%, and student loan defaults are increasing.

Progress

48% Bias Score

No Poverty
theglobeandmail.com
🌐 75% Global Worthiness
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Canadian Consumer Debt Delinquencies Surge to 2010 Levels

Equifax's report reveals a surge in Canadian consumer debt delinquencies in Q1 2025, reaching levels not seen since 2010, impacting young people and Ontario disproportionately due to high unemployment, inflation, and rising interest rates.

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48% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Credit Card Balances Decline, But High Interest Rates Pose Ongoing Challenges

U.S. credit card balances fell to $1.18 trillion in Q1 2025, down 2.4% from the previous quarter but up 6% year-over-year, reflecting ongoing challenges of high-interest rates exceeding 21% on average and the need for effective debt management strategies.

Progress

48% Bias Score

Reduced Inequality
cbsnews.com
🌐 65% Global Worthiness
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Debt Consolidation Loans: A Timely Solution Amidst Economic Uncertainty

High credit card interest rates (around 20%) coupled with delayed Federal Reserve rate cuts and the recent stock market volatility are negatively impacting borrowers' finances. Debt consolidation loans, offering lower interest rates (around 12%), provide a timely solution for managing debt and regai...

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68% Bias Score

Reduced Inequality
nbcnews.com
🌐 85% Global Worthiness
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BNPL Loan Usage for Groceries Rises Amid Economic Uncertainty

A LendingTree survey reveals that 25% of Americans used buy now, pay later services for groceries in 2025, up from 14% in 2024, with 41% reporting late payments, highlighting the financial strain caused by inflation and high interest rates.

Progress

48% Bias Score

No Poverty
theguardian.com
🌐 75% Global Worthiness
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Australian Credit Card "Churning": Rewards and Risks

Australians are increasingly using credit cards to accumulate frequent flyer points, a practice known as "churning," which offers substantial rewards but carries risks of debt and damaged credit scores; while beneficial for some, it disproportionately affects low-income individuals.

Progress

44% Bias Score

Reduced Inequality

Showing 13 to 24 of 57 results