As consumers grapple with surging inflation and rising interest rates, more Americans are taking on extra debt to mitigate household financial pressures, a new report found. According to TransUnion’s Q3 2022 Quarterly Credit Industry Insights Report (CIIR), credit card balances advanced 19 percent year over year in the third quarter, to an all-time high of…
Credit Card, Personal Loan Balances Hit Record Highs Amid Soaring Inflation, Rising Rates
November 8, 2022
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