No Rainy Day in UK – British Credit Cardholders on a Bit-of-a-Binge
U.K. consumer credit growth remained strong again in April, despite the swirling Brexit uncertainty, and after rising in February to its highest annual growth …
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Debt
9 Reasons Credit Card Debt Can Get Out of Control
While, the majority of Americans, more than 90% handle debt well, there are others who fall victim to their own personal financial mismanagement or …
Americans Drowning in Card Debt & Monthly Bills – Pure Bull Butter
The ratio of debt payments to disposable personal income and the overall financial obligations ratio among American consumers remain at the lowest levels in …
Credit Card Debt Stands in the Way of The American Dream
Nine out of ten Americans believe the biggest roadblock to achieving financial independence is paying off credit card debt. By the same token, seven …
Student Loan Servicers Blunt Public Service Loan Forgiveness Program
The Public Service Loan Forgiveness (PSLF) program provides people in public service jobs with a path to debt forgiveness after 10 years, with the …
Credit Card Balance-Transfers & Debt Consolidation Loans Screw-Up Consumers More
An overwhelming majority of consumers who tried balance-transfer credit cards and credit card debt consolidation loans, both known as credit card debt refinancing, found …
Zero Interest or No Interest Credit Card Offers – What’s the Deal??
A major U.S. retailer announced it will no longer offer deferred-interest promotions on its store credit card. Instead, it will offer a promotional period …
Americans Continue to Carry Weight of $1 Trillion in Revolving Credit
U.S. consumer revolving credit for April, mostly credit card debt, continued to hover above the $1 trillion milestone set in December, growing at a …
“Wrong Choice Act” to Screw American Service Members Bigly
Legislation on the House floor this week is squarely aimed to cripple the Consumer Financial Protection Bureau (CFPB ). The legislation would place service …
Moving Unsecured Card Debt to Secured Home Debt – Nonsensical
Getting rid of all those high-interest credit cards by folding them into a lower interest rate home equity loans may be, well, stupid. There …
