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(ARA) - You've heard the old adage, pay down your credit card debt each month to avoid the nasty interest rate charges and fees that result from revolving balances.
DUBAI: Consumer debt in Gulf Arab countries will rise to about 60% of private consumption next year as banks ride a wave of growth in the region’s credit card market, a UK-based research house said yesterday.
A report is not a score. You can get a credit report - a history of credit-card payments, mortgages and other loans - for free at annualcreditreport.com. A credit score, however, will cost you. Equifax and TransUnion charge $7.95, while Experian wants $5.95. You can order all of them at the same site.
Credit card spending and outstanding debt slowed but remained healthy in April, said the Bank of Thailand. The volume of card usage rose 19% year-on-year to 68 billion transactions in April, compared with 21% year-on-year growth to 57 billion baht in the same period last year.
(ARA) - The average American carries about $8,500 in credit card debt. But it's likely you or someone you know is laboring under a much higher debt than that. Total credit card debt in the nation tops $1 trillion dollars.
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