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Credit card debts not the biggest anymore

[Sunday, April 24th, 2011]

Credit cards aren’t the biggest source of American debt anymore as student loans seem to have exceeded them this year. The student loan debt which could well reach the trillion dollar mark this year is currently at $800 million, over and above the credit card debt. In fact, students from many universities feel that this is a genuine crisis that can have long standing implications on their career, and could put them in a dilemma regarding the options that they have.

Student loans could increase in magnitude with planned cuts in the PELL grants for students from low income groups. There are expected cuts in the HOPE scholarship program as well and together, the implications could be serious and could mean more borrowing for the students. Students have been advised by financial aid directors to only borrow what they really need to.  Keeping the debt levels low is of paramount importance. This is because the amount of loan can affect the career path. Hence students have been advised to keep the debt to a level where they can fulfill their goals. It is strictly unadvisable to have debts higher than what they really need.

Students have also received words of courage, when it comes to repayment. Lenders are indeed willing to help students in financial trouble as they wouldn’t want students to really go into default. There have been promises of regulation in the student loan industry as per the student aid and fiscal responsibility act that was passed last month.

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New Business Card From U.S. Bank Offers Value Where It’s Most Needed
[October 13th, 2018]

Most people are familiar with rewards credit cards that give members bonus cashback in certain categories that change each quarter. But U.S. Bank’s new business credit card will let companies earn more rewards by offering the biggest bonuses in categories where they spend the most each statement period.

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Propel Card From Wells Fargo And American Express Offers Triple Reward Points
[July 16th, 2018]

Wells Fargo and American Express have announced changes to their no-annual-fee Propel card, making it an even better deal for customers who use streaming video services, order food and go out to restaurants, and travel frequently.

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New Chase Credit Cards Offer Big Rewards For Travelers
[April 18th, 2018]

There are two new rewards credit cards available for travelers who want to collect extra points when checking in to their favorite hotels. The IHG Rewards Club Premier card and the IHG Rewards Club Traveler card from Chase Card Services offer reward points, free anniversary nights, elite membership stats, no foreign transaction fees, and more.

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