{"id":26166,"date":"2022-12-05T10:56:30","date_gmt":"2022-12-05T15:56:30","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=26166"},"modified":"2022-12-05T14:38:09","modified_gmt":"2022-12-05T19:38:09","slug":"image-of-the-day-sure-enough-credit-card-balances-are-exploding","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/26166\/image-of-the-day-sure-enough-credit-card-balances-are-exploding\/","title":{"rendered":"Image of the Day:  Sure Enough, Credit Card Balances Are Exploding"},"content":{"rendered":"<p>As misguided politicians and regulators continue to target short-term lenders, which provide American consumers with vital financial lifelines when the only alternatives are skipping payments, bouncing checks, running up credit card debts or even going to dangerous loansharks, we&#8217;ve consistently <a href=\"https:\/\/cfif.org\/v\/freedom_line_blog\/26110\/amid-recession-and-high-inflation-groups-like-the-national-consumer-law-center-seek-to-narrow-rather-than-expand-u-s-consumers-lending-options\/\">noted<\/a> how short-term lenders&#8217; role becomes increasingly important as the U.S. economy deteriorates and credit card reliance skyrockets.\u00a0 Sure enough, the New York Fed numbers provide an alarming illustration:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/mcusercontent.com\/dc8d30edd7976d2ddf9c2bf96\/images\/856f50b4-b740-6022-cab9-9701aae6cfaa.png\" alt=\"Credit Card Debt Skyrocketing\" width=\"546\" height=\"367\" \/> Credit Card Debt Skyrocketing<\/p>\n<p>All the more reason to protect consumers&#8217; access to legal, reliant, efficient short-term lending rather than irrationally target it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As misguided politicians and regulators continue to target short-term lenders, which provide American consumers with vital financial lifelines when the only alternatives are skipping payments, bouncing checks, running up credit card debts or even going to dangerous loansharks, we&#8217;ve consistently noted how short-term lenders&#8217; role becomes increasingly important as the U.S. economy deteriorates and credit [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5160,5190,81,19,5191,5162],"class_list":["post-26166","post","type-post","status-publish","format-standard","hentry","category-posts","tag-consumer-lending","tag-credit-cards","tag-debt","tag-economy","tag-loansharks","tag-short-term-lending"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=26166"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26166\/revisions"}],"predecessor-version":[{"id":26170,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26166\/revisions\/26170"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=26166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=26166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=26166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}