Consumers whose credit trouble comes largely from a mortgage default, rather than delinquency across numerous accounts, are less likely to run into trouble when attempting to reduce debt on new accounts. Those consumers who have experienced defaults only on their mortgages allow new credit card accounts to fall delinquent far less often than those who […]

The total number of new credit cards issued in the U.S. rose more than 28 percent on a year-over-year in February, according to the latest statistics from the credit monitoring bureau Equifax. This was driven primarily by the number of new accounts granted to subprime borrowers, those whose credit scores were below 660. The number […]

Consumers have shown a greater willingness to use their credit cards in recent months, as all three of the nation's top payment processing networks have reported increased spending volumes during the first quarter of the year, according to a report from the New York Times. The higher levels of spending are viewed as not only […]

A law intended to help consumers reduce debt and limit lenders' predatory practices seems to be working, as interest rates have stabilized and penalty fees now cost less. Credit card lenders have not instituted changes that many experts predicted would take place, but have instead made it easier for consumers to manage their debt, according […]

In an effort to reduce debt resulting from fraud, one wing of the Florida legislature recently approved a bill that will increase the penalty for using a stolen account. Earlier this week, the Florida Senate approved HB 339, whichwill make using a stolen debit or credit card a third-degree felony in the state, according to […]