Credit Scores Sink and Stink in Wake of Unfortunate Unforeseen Events
Credit scores are the lifeblood of personal lending around the world and, if they fall below 660 it can become a “scarlet letter,” a …
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Debt
10 Dollar Destroyers to Identify, Avoid or Navigate
While a gargantuan number of Americans handle their finances reasonably well, there are 10 dollar destroyers floating around, wherein some consumers fall victim to …
U.S. Revolving Card Debt Falls Apart in March
U.S. revolving card debt fell apart in March declining 2.5% over March 2018. The decline produced the second weakest quarter for credit card debt …
British Consumer Credit in a Bit of a Tizzy as Car Loans Drop
British consumer credit took a jab in the knees in March largely due to a fall in new loans to finance car purchases. In …
Australian Credit Cards Bushwhacked in the Outback
Australians credit cards have been in hiding in the outback as credit card debt declined 1.7% in February year-on-year (YOY), to its lowest level …
The Financial Literacy Payoff Has Finally Arrived
For more than two decades the nation’s largest payment networks, top banks, numerous financial firms, trade associations and tons of non-profit consumer advocacy/education have …
Americans Credit Debt Fever Ebbs in February as Employment Expands
Credit debt fever is coming down as jobs are going up. The February data reveal U.S. consumer revolving credit is growing about half the …
Credit Card Debt Settlement Companies May Exacerbate Debt Woes
Debt settlement companies are most often for-profit companies claiming they can negotiate with your credit card company to reduce the amount you owe. Credit card …
Penny-Pincher Brits Continue Sending Credit Cards to New Lows
Since Brexit of June 2016, or the referendum on EU membership, penny-pincher Brits have taken credit card loan growth from double-dights to below 7% …
Financial and Debt Obligations for Consumers Remain Steady as a Rock Throughout 2018
Financial and debt obligations for consumers plateaued in all four quarters of 2018, reflecting rising employment, lower credit card debt, and steady interest rates. …
