• ABOUT
    • WHY NOTICIAS NEWSWIRE?
    • GUARANTEED VISIBILITY NETWORK
    • OUR TEAM
    • TESTIMONIALS
    • TERMS
  • PRICING
  • ORDER FORM
  • FOR JOURNALISTS
  • RESOURCES
    • HISPANIC MARKET INSIGHTS AND ARTICLES
    • CELEBRATE HISPANIC GREATNESS
    • CELEBRATE HISPANIC GREATNESS – QUIZ
    • SEO TIPS
    • NOTICIAS NEWSWIRE FEEDS PLUGIN
    • NOTICIAS NEWSWIRE WIDGET GENERATOR
    • Hispanic PR Blog – Weekly Newsletter
  • CONTACT
  • REQUEST INFO
  • English
    • Español

Noticias Newswire - Hispanic Press Release Distribution Wire Service

The world changed. Your wire should 'tu'

Noticias Newswire - Hispanic Press Release Distribution Wire Service
NEW! EDITORIAL FEATURES ARTS & CULTURE AUTOMOTIVE BUSINESS & FINANCE EDUCATION ENTERTAINMENT FAMILY & LIVING FASHION & BEAUTY FOOD & BEVERAGE GENERAL NEWS HEALTH HUMAN INTEREST IMMIGRATION INTERNET & TECHNOLOGY MARKETING/ SOCIAL MEDIA PUBLIC AFFAIRS/GOVERNMENT SPORTS & RECREATION TRAVEL & TOURISM
U.S. Hispanics use Credit Card Wisely During the Pandemic Debt.com En Espanol Survey Shows

U.S. Hispanics use Credit Card Wisely During the Pandemic Debt.com En Espanol Survey Shows

Hispanics living in the United States and Puerto Rico reduced their credit card use and saved more during the height of the pandemic.

April 06, 2022 | 09:08 pm
  • Español

FORT LAUDERDALE, FL – April 6, 2022 – (NOTICIAS NEWSWIRE) – — The Spanish language survey by Debt.com en Español surveyed nearly 200 Hispanics to learn about their credit card debt. The survey findings highlight financial lessons learned by Latinos during the pandemic.

The poll is a great segue into Financial Literacy Month, which began last April 1. Throughout the month of April, organizations across the country conduct a variety of events and carry out initiatives designed to improve financial literacy and to promote financial well-being.

Financial Literacy Month has many facets, but the main points are simple: We need to teach both children and adults about achieving and maintaining freedom from debt and being financially stable,” says Howard Dvorkin, CPA and Chairman of Debt.com.

While the pandemic shook the personal finances of millions of people, Hispanics seem to have learned the lesson of saving for an uncertain future and not overspending.

Sixty-nine percent of respondents say they learned how much credit cards really cost looking at interest rates and fees. The respondents added that they now not only look for low interest rate cards, but also cut back on their use and pay more than the minimum payment each month.

Those living in the U.S. and Puerto Rico are struggling with record levels of credit card debt, currently at over $1 trillion. Average interest rates on that debt hover around 16%.

The survey found that 81% of respondents report using only one or two cards, 35% report having less than $500 in debt and the vast majority (65%) report having $501 or more charged to their credit cards.

What do U.S. Hispanics use credit cards for?

The top five common uses of credit cards for Hispanics are: monthly household purchases (55%), gasoline (51%), emergencies (43%). This is followed by spending for restaurant bills, airfare, hotels, and travel costs.

And while the vast majority (72%) have never used a credit card to transfer balances or consolidate debt, more than 55% of respondents have hit their credit card limit over the past year.

When asked which of the credit card companies had the best customer service, Capital One came out on top at 32%, followed by Chase at 17%.

An area of opportunity for Hispanics may be using credit monitoring services. More than 66% of respondents admitted to never having used a credit monitoring service. Almost half of the respondents (49%) knew that they can receive an annual credit report for free guaranteed by federal law.

For survey results, and to learn more about financial trends, visit Debt.com’s Financial Research Section.

About: Debt.com is the consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. Debt.com works with vetted and certified providers that give the best advice and solutions for consumers ‘when life happens.’

CONTACT

Fabianny Crespo
Debt.com

CONNECT WITH US

FacebookXPinterestInstagram

MEDIA ASSETS

WEBSITE

https://www.debt.com/research/

CONNECT WITH US

Noticias Newswire


Tweets by Noticias Newswire

PR Pros: Unleash your Hispanic PR excellence with our Trade Journal + Weekly Newsletter!

Click here to subscribe!

Click here to subscribe and receive the latest industry news, professional development tips, webinars, and more!

OUR PARTNERS 

  PRODUPRODU
  LATINA MEETUPLATINA MEETUP
  MIRA CLICKMIRA CLICK
  HISPANIC YAHISPANIC YA
  LISTAS LOCALESLISTAS LOCALES
  THE AMIGOS CLUBTHE AMIGOS CLUB
  Buena Vida MediaBuena Vida Media
  Talento UnlimitedTalento Unlimited
  Hispanic MediaHispanic Media
el Sol Latinoel Sol Latino
Latin Life DenverLatin Life Denver
Mónica TaherBMónica Taher
La Numero 1La Numero 1
Hispanic PR BlogHispanic PR Blog
DLA ClasificadosDLA Clasificados
  Estilos BlogEstilos Blog
  Brilla MediaBrilla Media
  Hispanic Market AdvisorsHispanic Market Advisors
  Espresso con LecheEspresso con Leche
  Ejecutiva MagazineEjecutiva Magazine
  C|net en Español C|net en Español
  CandypoloozaCandypolooza
  Be LatinaBe Latina
Altisimo LiveAltísimo Live
MA Latino NewsMA Latino News
Latino BaseballLatino Baseball
Latino BoxingLatino Boxing
Latino SEMLLatino SEM
Estilos BlogEstilos Blog
Estilos MediaEstilos Media
Sofrito For Your SoulSofrito For Your Soul
Latin Heat MediaLatin Heat Media
Latinas in BusinessLatinas in Business
Super Latina TVSuper Latina TV
Political CortaditoPolitical Cortadito
PapiBloggerPapiBlogger
CT Latino NewsCT Latino News
Diario Las AmericasDiario Las Americas
El Mundo BostonEl Mundo Boston
Celebrando Latinas MagazineCelebrando Latinas Magazine
El Latino Newspaper – San DiegoEl Latino Newspaper – San Diego
105.3 LA Zeta105.3 LA Zeta
NH Latino NewsNH Latino News
Negocios MagazineNegocios Magazines
QueMeansWhatQueMeansWhat
TamaccTamacc
Los Tweens and TeensLos Tweens and Teens
Latino Business ReportLatino Business Report
Hispanic HoustonHispanic Houston
Juan of WordsJuan of Words
Latin Vibes RadioLatin Vibes Radio
Hip-Hop MundoHip-Hop Mundo
Latinas Life StyleLatinas Life Style
Downtown Miami and Brickell Chamber of Commerce™Downtown Miami and Brickell Chamber of Commerce
  • NEW! EDITORIAL FEATURES
  • ARTS & CULTURE
  • AUTOMOTIVE
  • BUSINESS & FINANCE
  • EDUCATION
  • ENTERTAINMENT
  • ENVIRONMENT & SUSTAINABILITY
  • FAMILY & LIVING
  • FASHION & BEAUTY
  • FOOD & BEVERAGE
  • GENERAL NEWS
  • HEALTH
  • HUMAN INTEREST
  • IMMIGRATION
  • INTERNET & TECHNOLOGY
  • MARKETING/ SOCIAL MEDIA
  • PUBLIC AFFAIRS/GOVERNMENT
  • SPIRITUALITY
  • SPORTS & RECREATION
  • TRAVEL & TOURISM

© 2025 Noticias Newswire
Hispanic Press Release Distribution Wire Service. All rights reserved.

Hispanic Market

logo

Get our Noticias Newswire Monthly eNews for:
  • Hispanic Media News
  • Resources & Tips
  • Event Announcements
  • Sponsorship & Partnership Opportunities
  • Your email will be kept completely confidential
  • This field is for validation purposes and should be left unchanged.
×