Medical economics

Pandemic funding saved more Americans from medical debt

The number of Americans who had trouble paying their medical bills dropped precipitously between 2019 and 2021, and funds from the American Rescue Plan and other federal pandemic relief programs may have been a reason why.

Medical research

Study finds the SARS-CoV-2 virus is not viable on cash banknotes

When the COVID-19 pandemic hit, many businesses stopped accepting cash payments in an effort to reduce the spread of the virus. While neither the CDC nor WHO ever banned the use of paper money, many businesses still only ...

Psychology & Psychiatry

Fathers' type of debt matters for teenagers' mental health

Teenagers whose fathers are behind on paying child support suffer more from behavioral problems like anxiety and depression than those from families whose fathers do not have such debt and than those whose parents have other ...

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Credit card

A credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services. The issuer of the card grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.

A credit card is different from a charge card, where a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the shape and size specified by the ISO/IEC 7810 standard as ID-1.

This text uses material from Wikipedia, licensed under CC BY-SA