Consumer credit or debt, which can broadly be defined as money, services and goods provided to consumers before full payment is received, can be an overwhelming and confusing topic. And despite how complicated consumer debt can be, revolving credit is very common amongst most Americans, as over 609 million credit cards are used today by U.S. consumers. In the past several years, credit card debt has exploded amongst many different age groups. For example, amongst college students, credit debt has risen from 15 to 69 percent. Out of all credit card users, a little over 13 percent end up defaulting on loans.
Here is a guideline for readers who want to learn more about consumer credit and related topics, from the importance of credit scores, the frequency of revolving credit, as well as consumer rights.
Consumer Debt Relief