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Topic: David Bach

Americans Still Owe Billions to Credit Cards

 

From the Southeast to the Northwest, All Regions Impacted

EquifaxAtlanta, GA – While Americans continue to pay off debts and reduce spending, Equifax, one of the leading nationwide credit reporting agencies, finds many households still carry a heavy debt burden – in some cases owing up to 17 percent of their income to credit card companies alone*.

No one region of the country is shouldering the credit card debt burden – Equifax found the top 50 metropolitan statistical areas (MSAs) hardest hit by credit card debt, as a percentage of income owed in 2010, are clustered in six states across the country: Florida, North Carolina, Ohio, Texas, Washington and California. «Read the rest of this article»

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