Entries by Debtmerica

CFPB still pushes for heftier credit card disclosures

The federal agency tasked with helping protect consumers from troublesome loan agreements and credit card debt is still focused on making contracts for cards easier to understand. Even as the federal Consumer Financial Protection Bureau has tackled a number of other credit-related issues facing Americans, it has not forgotten its task of simplifying credit card […]

Consumers carrying far more credit card debt in March

On a year-over-year basis, the amount of credit card debt carried by consumers increased significantly, reversing months of downward trends. The amount of credit card debt held nationwide surged in March, rising 7.8 percent on an annual basis, to a total of $803.6 billion, according to the latest monthly statistics from the Federal Reserve Board. […]

Can misreported credit lead to need for debt relief?

Consumers who are struggling with large amounts of credit card debt and other outstanding balances have enough on their plates without worrying about the state of their credit reports when mistaken entries wind up there. In many cases, consumers might have inaccurate information on their credit reports, which can have a negative impact on their […]

Americans happy to deal with credit card debt

When it comes to dealing with the companies that control their credit card debt, most Americans are pretty happy with their experiences. About two-thirds of all consumers who posted comments about their dealings with credit card lenders online said they were left satisfied with their experiences, according to new data culled by the social networking […]

Consumers still not taking on much credit card debt

Though the economy is generally improving and consumers may be feeling better about their personal finances, statistics indicate that many are still a bit wary of taking on credit card debt. Consumer spending grew 2.9 percent in the first quarter of 2012, and though that's the fastest pace seen in more than a year, it […]

Many want to find debt relief, rebuild their credit scores

Millions of consumers across the country are still dealing with large constraints such as significant amounts of credit card debt, but more now recognize some of their biggest problem areas when it comes to managing their money and financial lives correctly. More than half of consumers – 56 percent – say that they believe their […]