Millions of Americans are worried they won't be able to make even the minimum payments on their credit cards. Here's what they can do investinyou (In partnership with acorns.)
, even as the coronavirus pandemic shows no sign of abating. The unemployment rate is still above 10%, higher than at any point during the Great Recession.
More than 60% of the survey respondents said they may not be able to make their minimum payments if they can't return to work. "It's tough news to hear," said Ted Rossman, an analyst at CreditCards.com.Julie SherrierThe average U.S. household has around $5,700 in credit card debt, with a minimum payment of around $133, Rossman said.
Depending on your situation, you might not be able to address any of your credit cards right now. Your rent or mortgage may need to come first. "If it's a house, you could lose the roof over your head," said Bruce McClary, a spokesman for the National Foundation for Credit Counseling. Still, if you don't believe you'll be able to make a minimum payment on a credit card, your first move should be to reach out to your issuer, said Julie Sherrier, senior managing editor at LendingTree.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Capital One fined $80 million over data breachTreasury Department fines Capital One fined $80 million after a hack exposed the personal information of 106 million of its credit card customers.
Weiterlesen »
All You Need To Know About Travel Credit CardsNormal credit cards work fine when you're overseas - but you have to pay for the privilege. A strong alternative is to pack plastic that's designed for use abroad
Weiterlesen »
You Can Absolutely Make Flour Tortillas From Scratch. Here's HowSpoiler alert: you don't need (and won't even want) a tortilla press.
Weiterlesen »
America's Social Security crisis is getting worse amid the coronavirus pandemicExperts are warning that the economic effect of 55 million Americans filing for jobless claims and other issue amid the coronavirus pandemic will make the country’s Social Security crisis even worse.
Weiterlesen »
Three women unite to unseat Europe's 'last dictator'In Belarus, 3 women are standing against President Alexander Lukaschenko — who is often referred to as 'Europe's last dictator' — in a challenge that symbolizes the electorate's hunger for change.
Weiterlesen »
Cher, With Newfound Mask Anonymity, Heads to SephoraCher, a famously extremely online woman, is now extremely offline too—at Sephora, even!
Weiterlesen »