Credit card debt hits new record, raising warning sign! » Mortgage Masters Group

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Bonds backed by loans like auto and credit-card debt have gained 1.6 percent. The party for mortgage- and asset-backed securities may not be stopping. Strategists at Goldman Sachs Group Inc. and.

Credit card debt hits new record, raising warning sign! The record, reached in November, shows a more confident consumer but raises concerns. source: credit card debt hits new record, raising warning sign. Posted by Mortgage Masters Group at. mortgage masters group nmls branch ID#: 373290.

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U.S. household debt reached a new record of $12.8 trillion in the second quarter, driven by rising mortgage debt, a strong quarter for auto loan originations, and an uptick in credit-card balances.

4. If you have no credit history, or need to rebuild your credit, open a secured credit card account. You pay a deposit, which sets the limit of your card, then use it like a regular credit card. The secured credit card provider reports your payment habits to the credit bureau(s), so you will be able to gain points with an account in good standing.

Global Debt Crisis II Cometh – Global debt ‘area of weakness’ and could ‘induce financial panic’ – King warns – Global debt to GDP now 40 per cent higher than it was a decade ago – BIS warn – Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years – US mortgage rates hit highest level since May 2014

Bob Withers and his wife Claire started using their credit card to get. pensioners in debt struggle on in silence, worried what others would think, meaning the scale of the problem goes unnoticed.

A glitch with Cardnet’s payment processing system meant thousands of customers using their credit or debit cards on 29 August were charged twice. As the problem was caused by the card processing.

SAN FRANCISCO (MarketWatch) – Gold futures settled at a record. credit ratings three notches, saying default is almost certain and warning that the bailout plan the Europe put in place last week.

Park’s Hong Kong-based team aims to raise at. worked at Credit Suisse Group AG, and Credit Agricole SA. He helped arrange asset-backed and residential mortgage-backed securities issuances by.