Here is the latest study brought to you by Card Hub and their study justifies the status of credit card’s in our daily life actually their status is turning social as the people are trying to use it in their daily life through mobile and other stuffs.
According to sources Credit scores are incredibly important. When a student gets a credit card they cannot afford it can ruin their borrowing ability for decades to come. Students always need education on personal finance and I think we are doing better now than ever before.
An estimated fifty billion dollars worth of credit card debt will take place in 2012. Even though the number is high, delinquency and charge-offs have both declined by over 20%. Just like our slow climb out of the recession, bad credit will slowly decrease as more individuals are educated.
courtesy of CardHub.com