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Survey indicates credit card debt still a concern for some - Bills.com News
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Survey indicates credit card debt still a concern for some
Wednesday, Sep 16, 2009
By Lance Piper
According to a poll conducted in September by the Associated Press and GfK Roper, 46 percent of respondents said they are "totally worried" about being able to pay off their credit card debt and mortgages. That number represents a 1 percent decrease from when the poll was last taken in Julyof this year.
The decline continues a trend that started as early as February of this year, when 57 percent of respondents said they were worried about mortgage and credit card debt payments. Furthermore, the number of people "totally not worried" about making their payments has increased from 37 percent in February to 47 percent in September.
The poll also shows that when it comes to their bills overall, consumers may be feeling slightly more confident. In February, 65 percent of respondents said they were totally worried about paying their bills, whereas 57 percent felt the
same in September.
A recent report from the Federal Reserve shows that credit card debt may be falling for a number of consumers. Revolving consumer credit, much of which is accounted for by credit cards, dropped by an annually-adjusted rate of 8 percent.
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A recent report from the Federal Reserve shows that credit card debt may be falling for a number of consumers. Revolving consumer credit, much of which is accounted for by credit cards, dropped by an annually-adjusted rate of 8 percent.
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Resources that save you money
• You might reduce your monthly payments by refinancing your mortgage. Get no-cost, online mortgage refinance quotes from up to four prequalified lenders.
• Buying a home? Get no-cost quotes online for competitive, fixed-rate mortgages from up to four providers.
• Reduce your debt up to 50%. Get matched with pre-qualified debt consolidation experts.
• Get a free credit report. Find a professional to correct your credit report. Apply for a new credit card. Visit the Bills.com Credit Card Center .
Also, make sure to get a free financial health check-up with Bills IQ!
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