One of the new regulations established by the Credit Card Accountability Responsibility and Disclosure Act designed to mitigate credit card debt consolidation has already had a direct affect on the market and affected the earnings of a major creditor. According to its financial report for the fourth quarter of 2009, Discover Financial Services’ earnings declined […]
In an attempt to get shoppers to purchase gifts online that will be delivered by the Christmas holiday, many online retailers are cutting shipping costs today and guaranteeing on-time delivery for shoppers who looking for deals and consolidating debt this season. According to FreeShippingDay.com, which compiles a list of retailers who are shedding their shipping […]
In another sign the unemployment situation is affecting many Americans in the midst of consumer credit counseling as they look for work, a new study has found that employment at airline carriers is at its lowest level in nearly20 years. According to the U.S. Bureau of Transportation Statistics, American scheduled passenger airlines had 3.7 percent […]
While a majority of Americans chose to remain at home during the Thanksgiving holiday to save money, those who did venture out actually spent more than they did in 2008, according to a new survey. According to Ipsos Marketing’s travel and tourism division, despite the reputation of Thanksgiving being the biggest travel day of the […]
A head of the Federal Reserve has come out with a somewhat lukewarm message regarding the U.S. economy, stating that while there has been improvement that it was still far from being fully recovered. While speaking at a World Leaders Forum last Monday, president and CEO of the Fed’s New York branch William C. Dudley […]
Economic experts are predicting that, even as the economy recovers as the year comes to an end, significant improvements in the unemployment rate will likely not come until at least the spring Speaking to CNN’s State of the Union, National Economic Council director Lawrence Summers said those hoping for a significant decline in the unemployment […]
The holiday spending season started off with a bang in 2009, as new figures on retail spending during the month of November show substantial increases in sales that surpassed many experts’ expectations, according to the U.S. Commerce Department’s Census Bureau. According to the monthly sales for retail trade and food services report released on Friday, […]
Consumers seem to slowly be improving their finances in 2009 through bill consolidation and better money management, as fewer families fell behind on their auto loan payments when compared to previous years. According to Experian Automotive, the rate of loan payments that fell at least 30 days into delinquency rose by 5.8 percent from between […]
As the recession comes to an end and consumers begin to get a hold of their finances through consolidation and credit card counseling services, creditorsare hopeful that the economy may stabilize in 2010. Speaking at a financial services conference sponsored by Goldman Sachs, MasterCard’s Head of Core Products Tim Murphy referenced the company’s latest SpendingPulse […]
Consumers dealing with credit card debt counseling will continue to make strides to eliminate any debts they owe to creditors in 2010, as delinquency rates will drop for the third consecutive year, according to TransUnion. According to annual credit forecasts released on Tuesday, 2010 credit card delinquency rates are expected to decline by 2.8 percent, […]