Thomas Martin FHA broker in Florida
The latest on credit – Places in the America with lots of card debts
Do you know that even if the economy of the US is down and recession is still ongoing, people never stopped from using their credit cards? This result to mounting debts that drastically increases as time goes by. Do you know that an average earner’s debt is more than what he/she is actually earning? According to a credit report from an agency, in the past years, debt records of people never became this huge but because there are cities and places in the US with more population the debt rate became bigger than expected.
(If you are wondering where the data came from, well they have collected those credit files from individual consumers.)
It was in San Antonio Texas where the highest credit balances where found. T
California Economy- failing or flourishing?
California, the most populated state of the country has everyone talking about it. Some media reports have stated that California has come in way under budget and will be facing a large debt that will be almost impossible to repair. Other reports state that the sunshine state is leading the nation in economic growth and output and is flourishing. Knowing which account to believe seems to require a more thorough examination of the facts.
Recent reports of an increasing amount of foreclosures in the state of CA as well as a decrease in state revenue have the media making some bold claims.