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January 2019 Archives

Household credit card debt increased in 2018

Households in Virginia and throughout the country carried an average credit card balance of $8,284 in the third quarter of 2018. That was a 2 percent increase from the third quarter of 2017, according to a study from WalletHub. As debt levels increase, it may become more difficult for households to repay them. Increasing interest rates may also make it harder to repay those balances.

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