Posted by Brittany Kelly On January - 20 - 2012
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Consumers were able to reduce their credit card debt by a significant number in 2011, according to a new report. While many consumers adjusted their spending to lower their debt, some found their credit limits had been slashed by their banks or their credit scores were too low to acquire cards at all.
Average Credit Card Debt Falls 11 Percent
The average credit card debt for consumers last year dropped by a whopping 11 percent. Cardholders were said to carry an average balance of $6,576, which is a considerable drop from $7,404 the previous year.
The report examined data from a population of more than 300,000 consumers and revealed that the average debt loads cardholders carried dropped in every state.
While the drops in debt were substantial last year, the report noted that this was not the first year consumers had reduced their use of credit cards. In
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Posted by Aaron Myers On December - 22 - 2010
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We have good reason to believe that 2011 is going to be a bumper year for UK exits, as more and more Britons become increasingly dissatisfied with what’s on offer to them in Great Britain. From retirees to professional couples, increasing numbers of UK citizens realise that there is more on offer for them if they move to live abroad.
A recent expat survey from HSBC into the best countries in the world to raise third generation children, (i.e. expat kids), placed Britain firmly in last place – adding just one more demographic to the list of those looking for a better life abroad – i.e., British families who want the best for their children.
If you’re contemplating your options as we head towards the Christmas and New Year celebrations, and you want some food for thought about why you could be better off moving to live abroad in 2011, discover the top 10 reasons why we think more Britons than ever will be looking overseas for a new life next year.
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