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Showing posts from August, 2022

Priority Plus Financial on how interest rates are impacting credit card debt

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  Priority Plus Financial is one of the leading financial institutions founded to help people who need help with clearing debt. One such service includes debt consolidation loans for individuals who have problems with credit card debt. For the past few years since the pandemic started, there has been a surge of credit card users all over the country. And with this recent surge also comes an increasing number of people who are knee-deep in credit card debt. The numbers show it all; according to a survey conducted, almost more than half (51%) of credit card users have increased credit card debt because of the COVID pandemic. With jobs scarce and an economy that is not just ravaged by the pandemic, but also due to high gas prices thanks to an ongoing conflict in Eastern Europe, interest rates are now starting to rise up in order for the economy to survive in these troubled times. The Federal Open Market Committee just increased its target federal funds rate range from 0.75% - 1...

Priority Plus Financial looks at how consolidating debt can help relieve stress

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  Nobody likes to owe money, but everybody wants to use money. That is a well-known fact that Priority Plus Financial will always be aware of. It shouldn’t come as a surprise with how much people have come to depend much on "plastic money”. And when talking about plastic money, Priority Plus Financial certainly means credit cards. According to the latest research released online about credit card debt , Americans have $841 billion dollars in total. That is not going to go down anytime soon, thanks to an era of economic anxiety due to a worldwide pandemic and an ongoing military conflict in Eastern Europe. There are also 537,110,000 credit card users in the US alone. One can bet that the more things become difficult financially, the more people are going to rely on credit cards to get by with their daily lives. People with credit card debt piling up are also the most stressed. With the average credit card user owing as much as $3,356 in credit card debt, these people must ...