“Debt Consolidation” is one of the most commonly misunderstood and misinterpreted personal finance strategies that consumers inquire about all the time. While some view it as a method of taking on new loans, others see it as a debt relief alternative. It is more important than ever for inquisitive consumers to have a very strong […]
Chase recently announced it would eliminate the fee on all credit card debt accrued in other countries for cardholders using its British Airways Visa Signature card, which used to be 3 percent of the purchase price, according to a report from USA Today. This charge was attached to all transactions completed abroad, even if they […]
Though the landscape of the credit card industry has changed considerably since the passage of the Credit Card Accountability, Responsibility and Disclosure Act, allowing Americans to better handle their finances, a majority say they're not happy with lenders, according to Consumer Reports. Many people have successfully cut their credit card debt to a national median […]
For consumers whose debt is somewhat manageable and don’t need to seek drastic measures to resolve it, there may be a benefit in seeking the assistance of debt counseling, also known as credit counseling. With debt counseling, consumers learn how to properly handle their finances, so that they can recognize what led to their debt […]
The heads of two major online handlers of credit card debt – eBay and Boku parent company Andreessen-Horowitz – recently participated in a discussion in which they agreed using a mobile phone is the safest way to make a purchase online, according to a Mashable report. John Donahoe, eBay's CEO, also noted that he expects […]
Many credit card lenders recently began offering accounts that gave consumers six months of interest-free spending as a way to lure old borrowers back into the credit system, according to a report from television station New York 1. These offers show lenders want more consumers who may have had credit trouble in the past to […]
Many Americans may be wondering how to get out of debt fast as their bills and credit balances have piled up in recent months and created a financial headache. How to get out of debt fast is a common question that has several answers which may allowconsumers to pay off or greatly reduce the amount […]
After adjusting for inflation, consumer spending grew 2.6 percent in the third quarter and closed in on the rate of spending not seen since the fourth quarter of 2007, according to a report from the Financial Times. In the last three months, American consumers spent almost $9.34 trillion, slightly below the rate of spending right […]
Both delinquent and defaulted credit card debt declined sharply in September, indicating consumers are having a better time paying off their bills, according to the latest Credit Card Index from Fitch Ratings. Delinquencies in general fell to a low not seen in two years, with accounts that were 30 days behind dropping to 4.61 percent, […]
MasterCard, the second-largest credit processing network in the world, said its profits in the third quarter climbed 15 percent, beating many analyst predictions, according to a report from Bloomberg. This is largely because it doesn't actually deal with consumer credit card debt, but rather makes money from every debit and credit card transaction it processes. […]