The official Federal Reserve statistics for the month of April were released on Monday, showing that, while different types of consumer credit changed in different ways, the overall amount of available credit increased slightly over its April 2009 totals. Non-revolving credit, including student loans, car loans and other closed-ended credit lines shot up by 7.1 […]
While a slow but steady upturn in many economic indicators has painted a somewhat rosier picture of the future of the American economy, the Wall Street Journal reports that many U.S. consumers have been focusing on getting rid of debt rather than making new purchases. This trend has slowed the re-growth of consumer spending, which […]
U.S. Treasury Secretary Timothy Geithner told the G-20 summit in a letter that American consumers can no longer be depended upon to act as a "sponge" for the entire world’s exports, according to the Wall Street Journal. Geithner’s letter, according to the Journal, said that "given the broader shifts under way in the U.S. economy […]
Unexpectedly mild weather helped to cool off sales of consumer goods in May, with many of the biggest American retailers saying that they missed their sales projections for the month, according to a report from Marketwatch. Target was among the retail chains that told Marketwatch that their sales had failed to reach the expected levels […]
The results of a study recently released by Mintel Comperemedia show that the new wave of cautious optimism being seen across the U.S. economy has created an upswing in the amount of direct mail marketing being sent out by insurance and credit card firms. In the first quarter of 2010, the volume of credit card-related […]
While legitimate debt settlement and debt consolidation firms can be among the most effective tools available to consumers looking to escape a tight financial spot, the Better Business Bureau warns that there are also less-trustworthy operators in the marketplace. Stephen Cox, president of the Council of Better Business Bureaus, said that "the process doesn’t work […]
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Debt Consolidation Alternative You May Resolve Debt in as little as 24 – 48 months Low Monthly Payment & No Upfront Fees* *Clients that are current in program typically see at least one enrolled debt resolved.
A need to consolidate debt appears to be widespread among U.S. citizens, according to a recent Associated Press/GfK poll which found that 46 percent of respondents said that they felt either "quite a bit" or "a great deal" of stress about their personal finances. An Associated Press story discussing the survey’s finding said there may […]