Tag: credit card debt
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Barclays sells credit card debt to Blackstone
Barclays Sells Credit Card Debt to Blackstone Recently, Barclays announced that it has sold a significant portion of its credit card debt portfolio to Blackstone, a leading global investment firm. This move is part of Barclays’ strategic initiative to streamline its operations and focus on its core business areas. By offloading its credit card debt…
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Small business card debt has risen: Bank of America
Small Business Card Debt Has Risen: Bank of America Bank of America, one of the leading financial institutions in the United States, has reported a significant rise in small business card debt over the past year. This alarming trend reflects the struggles faced by entrepreneurs and small business owners. As per the latest data provided…
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Credit card debt tops $1 trillion, before the holidays even arrive
Credit Card Debt Tops $1 Trillion, Before the Holidays Even Arrive As we approach the holiday season, it seems that Americans are feeling rather generous with their credit cards. According to recent reports, credit card debt in the United States has surged past an astounding $1 trillion mark despite the holidays still being a few…