Millions of consumers will likely turn to credit cards to cover at least some of their holiday shopping expenses once again this year, but what will it ultimately cost them? There are a number of factors for borrowers to consider when thinking about how to most effectively use their credit cards for holiday shopping, according […]
While many consumers have made considerable efforts to reduce debt and more conscientiously handle their credit card debt and spending in recent months, more lenders are nowexpanding the value of their rewards offers in an effort to attract new borrowers. Consumers who have strong credit ratings have likely seen the value of the rewards offers […]
Consumers seem to be more comfortable dealing with credit card debt once again these days, as the number of new cards issued to borrowers has grown significantly in the first eight months of the year. Banks and retailers alike vastly expanded their credit card issuing efforts between January and August, leading to a surge in […]
In an effort to draw in more consumers, many of the nation's largest lenders are now increasing the rewards cardholders can earn for every dollar of credit card debt they take on during the holiday season. Offers for rewards points and cash back credit cards are becoming more generous as the holidays approach, according to […]
A company that specialized in collecting bad debt from consumers has been ordered to stop operating in Colorado. The order bars Regent Asset Management Solutions and its chief executive officer, Michael A. Scata, from engaging in debt collection, for which it was not licensed, according to an announcement from state Attorney General John Suthers. In […]
Though many consumers may have had issues dealing with their credit card debt in the past, that's not as much the case these days, and the vast majority are now satisfied with their lender. Consumers are generally pleased with their credit card accounts these days, as just 12 percent reported that they feel as though […]
We are all aware that America’s appetite for too much personal debt ran our economy into the ground recently. Since the great banking collapse of 2008 we have been bombarded with the message that taking on any type of debt is a downright bad idea. In fact, the very four letter word, D-E-B-T, now carries […]
Income isn’t the only thing that separates the “1-percenters” from the rest of us. As it turns out, the wealthiest of the wealthy — now at the center of coast-to-coast political protests by the Occupy Wall Street movement — also seem to manage their credit better, according to the Huffington Post. Though America’s richest households […]
The rate at which consumers fell seriously behind on paying down their credit card debt rose for the first time in nearly two years during the third quarter. The nationwide delinquency rate for credit cards that are 90 days or more behind on payments rose to 0.71 percent in the third quarter of the year, […]
Community groups worried about the effects of lending to subprime borrowers who are more likely to run into serious credit card debt are asking the federal government to look into a deal between two major credit card lenders. A number of major community groups, led by the National Community Reinvestment Coalition, are asking the U.S. […]