As of February 2019, consumer debt in the United States totaled $4.05 trillion. Individuals in North Carolina and throughout the country saw their revolving debt increase by $35.4 billion while consumer debt increased by $31.4 billion in January 2019. Non-revolving debt increased by $148.6 billion in February, which was lower than the increase seen during the previous month. Revolving debt generally means credit card debt while non-revolving debt generally refers to auto and student loans.
When times are tough and must decide whether to feed your family or make your car payment, you’re probably going to choose your family. You’re not alone. A new report published in February 2019 revealed as many as 7 million Americans were more than 90 days overdue on their car payments. Late payments typically incur late fees which increase the amount you owe
You’ve just graduated from college and are ready to take on the world. Six months later, the first bill arrives and it’s time to repay your student loans. Approximately 45 million Americans are in your position. Student loan debt doubles credit card debt in the United States, putting a financial strain on our nation’s recent graduates.
The results of a study released recently by the Health Care Cost Institute suggests that about one in seven hospital patients receives a bill for out-of-network treatment despite obtaining their care at an in-service medical facility. The nonprofit health research group arrived at this figure after assessing almost 620,000 hospital admissions in 37 states. North Carolina was one of 15 states where between 10 and 15 percent of in-service patients were sent bills for out-of-network treatment.