Menu

One in Three Consumers Fear They Will Max Out a Credit Card

  • Written by Jessica Dickler of CNBC

Despite the dangers of high-interest debt, more consumers are testing the limits of plastic.

To that point, more than 1 in 3 Americans — or 91 million people— said they’re afraid they’ll max out their credit card when making a large purchase, according to a new WalletHub credit cards survey. (Most of those polled considered a large purchase as anything over $100.)

“A healthy amount of fear is justified,” said Odysseas Papadimitriou, CEO of WalletHub. “Issues stemming from large purchases more often concern people making too many of them, for the wrong reasons.”


Click here for rest of article...

To continue reading,
please provide your name and email.
We never spam your inbox