More Americans stress they can’t pay off their vacation Credit card loan
The Christmas shopping “ho ho ho” is going to become God help us no for many American customers. The most recent CompareCards Credit Card Confidence Index shows just 40% of cardholders feel “very confident” about taking care of their charge cards in full. That is down from 46% who felt certain right now a year ago.
“I think that a lot of that is simple pressure to spend,” CompareCards boss industry expert Matt Schulz disclosed to Yahoo Finance's On the Move. “A lot of it is simply not wanting to let your kids, or your friends, your family down. So people keep spending.”
The latest information from the Federal Reserve shows U.S. buyers convey somewhat more than $1 trillion on their charge cards and other rotating obligation. Consistently, CompareCards requests that cardholders meas...