Posts by Mike Ristoff
The Debt Divide: Rising Credit Card Defaults and the Strain on American Households
Key Points / Article Highlights: Defaults Surge: Credit card defaults hit their highest levels since 2010, with $46 billion in unpaid balances in 2024. Debt Burden: Rising interest rates and $1 trillion in debt are straining lower-income households. Economic Risks: Defaults threaten consumer spending and may tighten access to credit. Get Help: Thomas Law, PLLC…
Read More