CardRatings.com Analyzes Whether a Recent Drop in Credit Card Debt is Actually Good News
Credit card debt declined in the first quarter of 2024; however, with other types of debt rising, consumers may simply be trading one problem for another. CardRatings’ credit card experts explain why this drop in debt might not actually be good news.
At the end of 2023, Americans owed a total of
CardRatings.com, a leading credit card review and comparison site, examines these figures and discusses the driving force behind these trends in their article: Is the recent drop in credit card debt actually good news?
CardRatings provides tips on credit card refinancing options and discusses the benefits of more accessible solutions such as balance transfer credit cards.
“It is usually encouraging to see credit card debt numbers decrease, but the fact that total debt numbers are still on the rise shows that some people may still be struggling,” says
Doss is available to discuss these recent debt trends, as well as general strategies and tips for paying off credit card debt.
About CardRatings
CardRatings is owned and operated by
CardRatings innovated online credit card ratings and has been offering independent ratings and reviews of credit card offers since 1998. The website collects and maintains data on more than 800 credit card offers and carefully compiles objective lists of the top credit cards by card type, making it easy for consumers to find the right card to fit their needs.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240612605617/en/
Executive Editor
jdoss@quinstreet.com
Source: CardRatings