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Presidential Candidates and Credit Card Debt

Written by admin - One Comment

This news is a bit old, but I still thought it was interesting… Back in June when John McCain and his wife released their financial records, they revealed that they have a good bit of credit card debt.

In fact, McCain and his wife had $10k-$15k in joint debt, and his wife also had a second card on which she was carrying $100k-$250k in on an American Express card. On top of this, they reported another American Express card with $15k-$50k for a “dependent child.”

It’s not clear if they’re actually carrying this much credit card debt from one month to the next, or if they just spend a ton of dough and then pay it off every month. Regardless, I hope they’re using reward credit cards.

And before anyone asks… The Obama’s reported no liabilities.

Source: The Hill

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Published on October 26th, 2008 - One Comment
Filed under: Credit Card News

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Comments (scroll down to add your own):

  1. I would be interesting to know if they pay their balances in full every month.

    Comment by Mary@SimplyForties — Nov 16th 2008 @ 4:56 pm

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