Now that the national economy is beginning to recover and people are having a better time dealing with their personal finances, many consumers who found themselves sunk deep in debt over the last few years may be asking themselves the question, “How do I get out of debt?” Fortunately, there are a number of avenues […]
A greater number of consumers say they will eschew credit card debt altogether this holiday season, as 40 percent of people said they will not use these accounts at all this year, up from 35 percent last year, according to a new poll from Morpace. Meanwhile, every other category of people who say they will […]
Elizabeth Warren said one of her primary focuses will be on cutting down the fine print in agreements so there are "no surprises" when consumers begin to deal with their credit card debt, according to a Marketwatch report. "We want to focus on the consumer credit products that families deal with nearly every day," Warren […]
American Express CEO Kenneth Chenault and New York City Mayor Michael Bloomberg recently announced the creation of Small Business Saturday, the credit card lender announced. The event will begin on November 27, and the financial institution is prepared to reward small companies and consumers alike for participating. The first 10,000 small business owners who sign […]
People with an iPhone deal with an average of $6,872 in credit card expenses every month, according to a new study from mobile payment management company Pageonce. This figure takes into account not only existing credit card debt, but also new transactions that may alter their balance, as well as fees and charges they may […]
Despite consumer spending climbing 2.2 percent so far this year, none of the four major credit card issuers in the U.S. have seen a marked increase in the number of transactions they process, according to a report from Smart Money. Visa, MasterCard, Discover and American Express have all reported lower or steady rates of purchases […]
The number of open credit card accounts across the country declined once again in the third quarter, as it did in the previous three periods, according to the Federal Reserve Board's latest household credit report. But the rate at which Americans shut down old accounts as a way of avoiding credit card debt slowed, as […]
Many consumers across the country are finding themselves drowning in an endless pile of bills these days and would like to be getting out of debt. While some are in the position to reduce the amount of debt they owe to creditors by placing themselves on a strict budget, others are finding that a loss […]
Some consumers who are trying to avoid additional credit card debt have opted instead to make purchases on layaway, a practice that faded in popularity as credit cards became more common, according to a report in the Buffalo News. With this method, a consumer makes a purchase over the course of a short amount of […]
The national total for revolving credit – the kind that can be added to and subtracted from month to month, and most often associated with credit card debt – consumers carried in September declined 12.1 percent between August and September, according to a report from the Federal Reserve Board. It marked the third consecutive month […]