Credit Card Terms and Economic Health
A nationally respected website that offers financial advice and a range of free consumer services adds an Alabama A&M University professor to its coveted “Ask the Experts” section. HERE
Dr. Brandan E. Wheeler, assistant professor in AAMU’s Department of Family and Consumer Sciences, provides interesting details on WalletHub.com about what new credit card terms say about the health of the economy, as well as how consumers should go about finding the best credit cards for their needs.
Wheeler said that credit card interest rates are set by the creditworthiness of the individual and market-driven factors out of the individual’s control. He noted that “the health of the economy” is tied to how consumers spend money, part of continual cycle that is often hard to predict.
