- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
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Ok, that is a fair argument. I will look into it. Thank you.
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You can also put a freeze on your credit via the big three credit agencies. That would prevent someone from opening ip a credit card or taking out a loan in your name.
You’re right, but it’s a shame the system is designed to punish people who don’t have an interest in participating at this time. Fraud should be the responsibility of the credit card companies not the users.