Listen Now: Why You Should Give Your Credit Card a Break This December
[xyz-ips snippet=”post-thumb-url”]Taking advantage of holiday deals? You might want to give your credit card the season off.
According to Lending Tree analysts, consumer debt is on pace to hit four trillion dollars by the end of 2018; a one trillion dollar increase over the past five years.
Of that number, just over one trillion is revolving or credit card debt and about three trillion is non-revolving debt such as student and auto loans. And if you are thinking of putting your holiday shopping on a credit card consider this; interest rates are at an all time high at sixteen to seventeen percent.
And those are expected to increase another three or four times by the end of next year. However yahoo finance says there is some help if you’re looking to get out of debt.
Consider cost effective debt solution experts from free credit counseling services. If you’re a student and wondering how you’re going to pay off your loans most universities offer a student debt crisis unit to help come up with a plan.
And remember, as you shop, it’s always the thought that counts.
About Brian
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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Brian's diverse experience and unique perspectives combine with his pleasant and personal manner to engage audiences on many levels. From his days as an Air Force squadron commander to his long career as a business journalist, commentator and public speaker, Brian's approach to speaking and presentation is thought-provoking, inspirational and creative.
"The Technology Tornado: Media & Communications in the Modern Era"
See highlights from Brian's recent Ernst & Young "Continuing Education Conference" speech and hear directly from conference attendees.
Phoenix Convention Center
August 28th, 2019
Additional speech samples / videos are available upon request. Contact Brian to learn more.
