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WalletHub predicts post-pandemic increase in credit card debt

PROVIDENCE – After paying down a record $82.1 billion in credit card debt during 2020, consumers are projected to take on $60 billion more...

Report: Providence credit card users carry median $3.7K in card debt...

PROVIDENCE – Credit card users in the Providence metropolitan area had a median credit card debt of $3,736 to start 2021, ranking third highest...

The strength of U.S. consumers is overstated

The consensus is that the U.S. consumer is still strong enough to propel the economy forward even though the manufacturing sector has weakened. But...

Report: Rhode Island middle of the pack for credit card debt...

PROVIDENCE – Rhode Island has the No. 29 highest credit card debt burden in the country, according to a report from CreditCards.com last week. The...
U.S. CONSUMER CREDIT increased $9.5 billion in September, the slowest growth rate since June 2018. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS

U.S. consumer credit rises at slowest pace since June 2018

WASHINGTON – United States consumer credit rose in September at the slowest rate since mid-2018 as Americans carried smaller credit card balances. Total credit increased...

U.S. consumer credit increased less than forecast in June

WASHINGTON – United States consumer debt rose less than forecast in June as Americans whittled away at their credit-card balances following a big bump...
RHODE ISLANDERS had a average credit card balance of $8,162, the third highest of all New England states. / BLOOMBERG NEWS FILE PHOTO

Report: R.I. has No. 21 highest average credit card balance in...

PROVIDENCE – Rhode Island had the third-highest average credit card debt in New England, according to a report from ChamberofCommerce.org. With average credit card...
UNITED STATES credit card debt hit a record $870 billion at the end of 2018. / BLOOMBERG NEWS FILE PHOTO

U.S. credit card debt closed 2018 at a record $870B

NEW YORK -United States credit card debt hit $870 billion - the largest amount ever - as of December 2018, according to the data...

Report: Rhode Island has slightly lower credit card debt than nation

PROVIDENCE – When it comes to credit card debt, Rhode Island isn’t doing too bad – at least compared with other states, a new...

WalletHub: $43B in credit card debt repaid in 2018 Q1 in...

PROVIDENCE – The pay-down of $40.3 billion in credit card debt by Americans in the first quarter of 2018 was the second-largest quarterly pay-down nationally,...

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