The economy may be recovering slowly, but many small business owners are still having trouble getting enough capital together to cover their needs, and are therefore relying more heavily on the ability to take on credit card debt. The majority of the nation's 27 million small businesses rely heavily on credit cards to provide working […]
Many consumers may be thinking of traveling abroad this summer and planning on dealing with credit card debt to ease transactions overseas. However, there are a number of things to keep in mind before finalizing plans. One thing many consumers may not consider when they travel overseas is that their credit card can cause a […]
While there are now a number of services that allow businesses to process credit card debt without consumers having to swipe their cards, a new company says it has taken the next step in protecting borrowers from fraud when doing so. The online payment processing service Jumio will soon launch a program that allows consumers […]
Many consumers saddled with massive amounts of credit card debt have had trouble dealing with it in the past, but may now be in a better position to continue getting out of debt. Between the first quarters of 2009 and 2010, consumers paid about $72 billion more into their credit card debt than what they […]
Whoever said that money buys you happiness was wrong, especially in the summer time. It may be easy to spend a lot of money in the summer, with all the vacations, weddings, amusement parks, and parties to go to, but there are some smart things you could do to cut costs and avoid debt this […]
The rates of delinquent and defaulted credit card accounts for the nation's six largest lenders have improved considerably over the past several months, meaning far bigger profits for the financial institutions, and that trend continued through the month of June. Five of the nation's top six credit card lenders have filed their monthly reports on […]
Former Ohio Attorney General Richard Cordray was recently announced as the first head of the Consumer Financial Protection Bureau, just days before the agency is set to gain full regulatory power over the lending industry. Obama said Cordray was picked because of his strong commitment to protecting the middle class throughout his career. Many within […]
The owner of a former debt collection agency in Baton Rouge, Louisiana, has been charged with bank fraud and aggravated identity theft after he defrauded a bank of more than $126,000. William Ferguson of LaPlace, Louisiana, was recently released after being charged with the crimes, and stands accused of 61 counts of fraud, as well […]
Once again in June, the number of consumers who fell behind on their credit card payments declined for nearly all major lenders. The number of delinquent and defaulted credit card accounts dropped to lows not seen in at least three years in June as consumers continued to get a better handle on their finances, according […]
Most Americans feel they have their credit card debt under control, but also believe their neighbors and other consumers spend too much on these accounts. A new poll recently revealed that 71 percent of Americans believe their credit card spending is under control and reasonable, while 86 percent also said they thought other people spent […]