This year’s holiday season will be greeted by Americans who are largely in good spirits, according to a new Consumer Reports Poll. Nine in ten Americans are looking forward to the holidays, including 28% who are really looking forward to it. Though shoppers will begin the season in good spirits, their spending on gifts will…
Someone who is overweight may opt to seek out a personal trainer. A parent with a dirty home may decide to call in someone to conduct professional cleaning services. It can be a bit trickier when someone wants to tackle their debt and overspending habits. This is a good time to call up a money manager.…
Republicans are almost twice as likely to spy on the spending habits of someone with whom they share a credit card account,as Democrats. Approximately 17 million U.S. credit cardholders have snooped on the spending habits of someone with whom they share a credit card account, according to a new CreditCards.com report. About 20% of shared…
Creating a budget for the holidays and implementing cost-saving practices, such as cash only spending, will help financially strapped consumers enjoy the season without worrying too much about finances. In order to help consumers with their holiday spending, national nonprofit American Consumer Credit Counseling is providing five reasons why consumers should consider making cash purchases…
Nearly six out of ten American consumers have maxed out on a credit card at least once. Of the respondents who have maxed out their credit card, 61% have maxed out on multiple credit cards. According to a recent survey by American Consumer Credit Counseling 55% of consumers have 3 or more credit cards, and…
With household debt including mortgages, credit cards, auto loans and student loans, at $11.65 trillion, according to the Federal Reserve Bank of New York, and consumer spending increasing $13.5 billion last quarter, it’s not a far reach to say that debt has gotten out of control for many consumers. Debt.com says it has turned consumers…
Debt settlement companies not might be what they are cracked up to be. While these companies offer the promise of substantial reductions in a consumer’s debt load, they also require consumers to default on all these debts. A cascade of problems can follow, which include: • late fees, default interest rates, and penalties; • debt…
