Credit card debt
November 18th, 2008 . by adminThe U.S. economy is driven 70% by personal consumption. If this were to falter, so would the bulk of our entire economy. Softer retail sales combined with higher debt levels and lower home equity levels is a shaky foundation for continued economic growth. Even though forecasts show solid slower growth, now would be a good time to consult with your financial planner and develop ways to reduce your own credit card debt. Higher mortgage rates have caused many families to switch from home equity loans to credit cards to finance purchases and many households are being forced to consult with credit card debt settlement companies for debt relief.