Page 3 - Thomas Nitzsche News Today

Sticking to cash and a budget may be the best strategy to follow in a year where budgets have been stretched and the number of people asking for help with debt...

Sticking to cash and a budget may be the best strategy to follow in a year where budgets have been stretched and the number of people asking for help with debt...

Sticking to cash and a budget may be the best strategy to follow in a year where budgets have been stretched and the number of people asking for help with debt...

(FOX BUSINESS) – While a record-breaking number of Americans engaged in shopping over the Thanksgiving holiday weekend, nonprofit financial counselors also saw a significant increase in requests for debt counseling during the holiday shopping season kick-off. Money Management International (MMI), one of the largest non-profit credit counseling agencies in the U.S., says it received a…

One of the nation's largest nonprofit credit counselors is sounding the alarm after receiving an unusually high number of inquiries from consumers during the holiday shopping kickoff.

For the first time in American history, people across the country owe more than a trillion dollars in credit card debt.

“As the interest rates get higher and higher, it becomes harder and harder to pay down that debt,” says Thomas Nitzsche, a financial educator at Money Management International.

The largest increase in debt distress is among young people, aged 18-29...

Americans’ credit card balances are at an all-time high. Total debt now tops one trillion dollars, according to the Federal Reserve. And with student loan...

The high cost of living has led consumers to rack up credit card debt, now at an average of 24% APR.