Credit/AdobeStockAccording to Experian, the average American consumer had more than $100,000 in debt at the end of 2022 and debt balances grew for most, regardless of their credit score. Helping consumers manage this debt from mortgages, auto loans, credit cards and more is increasingly important, especially in our current interest rate environment.
What will it take to financially empower debt-burdened Americans? While todays economic climate presents challenges, it also presents an opportunity for credit unions and fintechs to make a difference in the financial well-being of members.
Read the full article at: https://www.cutimes.com/2023/08/21/financially-empowering-debt-burdened-members/?slreturn=20230721200114