Older Americans Running Up Large Credit Card Debt
A troubling survey shows that older Americans are now carrying more credit card debt than younger people, mainly due to job loss and medical bills, not because of a lack of financial responsibility....
View ArticleMedical Credit Card Abuse on the Rise
Medical credit cards are designed to help people pay for procedures they may not be able to afford on their own. These cards give patients a chance to undergo the procedures their insurance may not pay...
View ArticleLowCards.com Weekly Credit Card Update–December 19, 2014
Apple Pay Grows to Support 90% of U.S. Credit Cards Apple Pay has been adding support for more credit cards in the United States since the service launched. By transaction volume, the service now...
View Article4 in 10 Americans Facing Extraordinary Tax, Medical or Auto Payments Annually
New data from JPMorgan Chase found that 40% of American families will have to make an extraordinary tax, medical or auto repair payment each year. These costs average $1,500. All of this adds up to a...
View Article1 in 5 Americans Have No Emergency Savings
Nearly 1 in 5 Americans (19%) have no money set aside for emergency expenses, and 31% have less than $500 saved, according to a recent study by HomeServe USA. In a poll of over 2,000 U.S. adults, the...
View ArticleResearch Reveals Widening Gender Gap in Financial Outcomes
According to recent research from JPMorgan Chase, there is a gender gap when it comes to financial outcomes, particularly having to do with extraordinary medical expenses. The study, based on data from...
View ArticleAmericans May Be Using Their Tax Refunds for Healthcare Costs
Have American healthcare costs gotten so high that doctor’s appointments are considered a luxury purchase? New research from JPMorgan Chase suggests just that. According to the Deferred Care study,...
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Job Loss, Medical Bills Are Leading Causes of Credit Score Drops
According to new research from Elevate’s Center for the New Middle Class, work-related struggles were the most common reason for credit score declines. Over half (55%) of the respondents said their...
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Coronavirus Raises Concerns about How Americans Pay for Emergency Medical Costs
As the number of coronavirus cases in the United States continues to rise, Americans seem to be thinking about their finances as much as their health. A new study from Healthcare.com reveals that 48%...
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