33
Join my Patreon:
US credit card debt has been growing, data for quarter 4 of 2021 shows credit card debt growing at the fastest rate in 22 years! So what is going on? Is this a debt bubble that would lead to the 2022 recession, or is it just a nothing burger?
Credit Shifu Wallets:
Like Credit Shifu on FACEBOOK:
Advertiser Disclosure: This site is part of an affiliate sales network and receives
compensation for sending traffic to partner sites, such as CreditCards.com. This
compensation may impact how and where links appear on this site. This site does not
include all financial companies or all available financial offers.
34 comments
First?
Wow shocking – not
It's all these left wing communist leftist that are overspending. Like Biden who is blowing up the national debt
Man I love the shifu videos, thank you for the amazing content:) ♥️
Inflation, households must borrow to keep up with rising prices. Expect marriages and births to decrease because couples don’t believe they can afford children.
Quarter 4 of 2022?
😜 pay in full gang
Good observation man! Idk why all those cripto zombies YouTubers like to talk about some impending market crash that will ruin everything and it never ends up happening
It's all those credit experts that obtained their 1st credit card during the pandemic 🤣
i swiped my debit card less than 10 times in 2021.
Best financial videos on YouTube!
‘Merica!! 🇺🇸
Dave Ramsey is soooo smug hearing this and trying to sell his products.
It's still crazy to think 51% of credit card debt is a carried balance. It's such a difficult hole to crawl out of once you start digging.
What happened to the Credit Shifu name. I was feeling it.
Got 8 credit cards only have 2 balances and paid it off. Use credit cards as a debt card
Paying 100$ more on formula milk alone compared to aug
It would be nice if you were talking about smaller numbers breaking it down to each person so we can compare. When you talking about billions and percents it hard to compare.
Does all of this data include business credit card debt or is it strictly personal credit card debt?
Glad I am Not part of that statistic. I use credit cards, credit cards don't use me.
huh !? funny believe current organization / employer is debt free & my current business plan is in pursuit is to get America out of debt & The rest of the world out of Our American pockets 🤓
860 billion dollars that's a lot? so they've only been keeping track since 2000? just like some stats in baseball has only been kept track of the past years or so.
Mortages don't count only credit cards count ?
My only question are these low interest cards like the Chase Slate , Capital one platinum , Citi simplicty or are these credit union cards
store/store credit cards or are they reward card the debt ?
Paid mine off and credit score jumped to 762!
Been dating someone for a few months and my credit card spending has gone up significantly!
How about people who have a zero interest period for thier cards. I just got approved for the Citi custome cash and have no interest until April 2023. It doesn't matter if I carry a balance as long as I pay in full by then.
Great video thanks
I make 45k a year and have a 718-720 score on all three bureaus. I have the Discover It Secured card which I graduated to unsecured with a $1800 limit. Then I got a Chase Freedom Unlimited with a $2400 limit. Venture X is my latest and with a 10k limit. I have already received the 300 travel credit and the $200 airbnb credit and am currently on a week Vaca in Puerto Rico. Currently working on the 100k miles sign up bonus. $3500 away from unlocking it. My airport lounge experience already is making the Venture X worth it imo. thank you for putting me on the right path CREDITROYALENET
I make 45k a year and have a 718-720 score on all three bureaus. I have the Discover It Secured card which I graduated to unsecured with a $1800 limit. Then I got a Chase Freedom Unlimited with a $2400 limit. Venture X is my latest and with a 10k limit. I have already received the 300 travel credit and the $200 airbnb credit and am currently on a week Vaca in Puerto Rico. Currently working on the 100k miles sign up bonus. $3500 away from unlocking it. My airport lounge experience already is making the Venture X worth it imo. thank you for putting me on the right path CREDITROYALENET
credit card debt is a constant thorn, i had help clearing mine with the help of CREDITROYALE NET
CREDITROYALE NET is very good at clearing credit card debt
Credit scores are relatively meaningless because of the different ways there negatively or positively effected… Lose points for applying for a credit card or loan.. yeah that makes alot of sense.. while at the same time your score isn't positively effected by things like paying your utility bills on time every month..
We're the ones who take this almost meaningless number seriously which in turn gives all the power to these soulless institutions.
Oh and yes I do have a fantastic credit score before you ask.
thanks to CREDITROYALENET
Credit scores are relatively meaningless because of the different ways there negatively or positively effected… Lose points for applying for a credit card or loan.. yeah that makes alot of sense.. while at the same time your score isn't positively effected by things like paying your utility bills on time every month..
We're the ones who take this almost meaningless number seriously which in turn gives all the power to these soulless institutions.
Oh and yes I do have a fantastic credit score before you ask.
thanks to CREDITROYALENET
When it comes to the world of investing, Most people don't know where to start. Fortunately most investors in the past and present can provide us with genuine guidance 27