Consumer use of credit cards rose dramatically during the late 20th century, fueled in part by real estate price increases that made homeowners wealthier. With the recent drop in home values, credit card debt has become a serious problem.
Many people enjoy catalog shopping because it can save time and is an easy and convenient way to shop from the comfort of your own home. This photo shows a woman on the phone, ordering from a catalog with her credit card at home.
While most credit card issuing banks record a decline in default rates for August 2020, the actual impact of economic slowdown is likely to be felt in the latter half of the year and even next year.
Swayta Shah. Zacks. Thu, 17 Sep 2020 13:02:00 GMT.
Figures from the credit rating agency Experian found half of consumers who searched for a credit card last month were shown at least one they were guaranteed to get, up from 24% in July.
Daily Mail. Tue, 15 Sep 2020 07:32:41 GMT.