Credit cards are a staple of the American financial system. Not only do they offer easy access to funds on short notice, but they serve as a foundational financial instrument for building up oneβs credit score.
As of late, however, credit has been harder to come by for many consumers in the U.S. Rapidly rising inflation in 2021 and 2022 motivated the U.S. Federal Reserve to embark on a series of interest rate hikes that have continued into this year. As interest rates have risen, it has become more expensive for banks to borrow money.
The Gwinnett Daily Post is a daily newspaper published in Gwinnett County, Georgia, and serves as the county's legal organ. The newspaper is owned by Times-Journal Inc. and prints Wednesday and Sunday each week.