US credit card debt hits record $1.29 trillion as debt-free Americans face credit card and loan rejections

US credit card debt reaches a record $1.29 trillion as debt-free Americans face loan rejections. (REUTERS/Dado Ruvic/Illustration/File Photo) (REUTERS)

US credit card debt has reached a record $1.29 trillion, even as some financially responsible Americans are struggling to get approved for basic credit cards and loans. People earning six-figure salaries, having healthy savings and carrying no debt are increasingly facing instant loan rejections from banks. US credit card debt reaches a record $1.29 trillion … Read more