New federal regulations may have been designed to prevent young adults from piling up credit card debt, but some lenders may be circumventing those rules. According to a report from Bloomberg, the state of New York has launched an investigation into the marketing practices of various credit card companies. Attorney general Andrew Cuomo has sent […]
Many consumers may have had an easier time making their payments toward their credit card debt in July after an extended period of not being able to do so. According to the latest Credit Card Index results from Fitch Ratings,the rate of accounts with delinquent credit card debt, both long- and short-term, declined significantly in […]
It seems more consumers have been able to reduce their credit card debt recently, as charge offs dropped from June to July. According to a new report from Standard and Poor’s Ratings Services, the final numbers related to charge offs – the amount of accounts lenders write off as irretrievable – for the month of […]
Given how Google’s profit increases have ground to a halt in recent months, Facebook has begun to aggressively expand its Credits payment system. This includes a new process that will allow consumers to use its online currency in lieu of taking on credit card debt. According to a report in the San Francisco Chronicle, Facebook […]
The Debtmerica team is eager to participate as an industry leader under the new and consumer aligned debt settlement environment Los Angeles (Vocus/PRWEB ) September 2, 2010 — Debtmerica, LLC, a nationwide leader in offering debt settlement services for consumers, today launched its new 100% performance-based debt settlement program which is aligned with the new […]
As millions of consumers across the country struggle with credit card debt and other monthly payments, many have been forced to consider filing for bankruptcy. And the price of doing so is on the rise. According to a new study from the American Bankruptcy Institute Law Review, the cost of filing for either Chapter 7 […]
While credit card issuers were expected to pare back rewards in a cost-cutting measure after the implementation of the Credit Card Accountability, Reliability and Disclosure Act, many have not. That strategy is paying off for them. According to a new report from Fox Business, cards that reward consumers with frequent flier miles for every dollar […]
Los Angeles (Vocus/PRWEB) August 27, 2010 –Debtmerica, LLC, a provider of debt resolution programs for consumers, achieves a ranking of #184 on the Inc. 500|5000 list of America’s fastest-growing private companies. Previously ranked #748 in 2009, this is the second year that Debtmerica has been included on the prestigious Inc. Magazine list. The firms are […]
The number of offers attempting to convince American consumers to take on credit card debt that were sent out between April and June marked a significant increase from the previous three-month period. According to a report from the financial news website The Street, which cited statistics from Synovate Mail Monitor, credit card issuers sent out […]
The amount of credit card debt the average consumer now carries has slipped below $5,000 for the first time in close to a decade. According to the latest quarterly findings from TransUnion, consumers cut theirpersonal credit card debt by 4.1 percent in the second quarter of the year. That figure fell from the $5,156 seen […]