Consumer Debt are debts that are owed as a result of purchasing goods that are consumable and/or do not appreciate.
Discover common products, and major reasons why households participate in the Alternative Financial Services industry through the infographic below.
There are about 181 million credit cards in the US! Most people actually use it on travel expenses, and surprisingly only 1 in 5 use them to pay for bills. The average age at which a U.S. consumer first adopted a credit card is 20.8 years. 84% of the student population overall have credit cards. […]