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Carrying balances from month to month is a popular habit of the vast majority of U.S. borrowers. A few months ago, one could afford carrying around a big credit card balance. But now that U.S. economy is in recession, this habit can be really dangerous for your current financial well-being. Major lending institutions take actions [...]

Markets go down and economic anxiety index goes up. More and more people are highly concerned about the current economic situation, as credit providers hike interest rates and cut lending limits on most accounts. The so-called “revolvers”, holders who carry their balances over time, used to be banks’ most desirable clients. And, oddly enough, now [...]