While many consumers are worried about their finances and focusing on paying down their credit card debt as a result, new data suggests they're still prioritizing another type of loan over their outstanding balances. Consumers who were struggling financially in 2011 were more likely to make sure they were current on their auto loan payments […]
Even as credit card lenders are now increasing marketing efforts for rewards accounts that come with very generous introductory offers, many consumers may still be too cautious about dealing with credit card debt to take full advantage. Some new rewards card offers are now worth more than $1,000 in points, but in many cases, consumers […]
In the last several months, many consumers, including those who have tried to reduce debt due to past financial problems, may have found themselves receiving a larger number of credit card offers. The nation's top credit card issuers are now aggressively broadening their lending standards in an effort to expand their customer base, according to […]
While many consumers made efforts to reduce debt during and after the recent recession, some have been tempted to start borrowing on credit cards again, and experts believe this may be leading to significant financial difficulties for some. The final quarter of 2011 saw an increase in the amount of credit risk consumers faced, and […]
The nation's sixth-largest credit card lender by spending saw consumers use their cards more often in the first fiscal quarter of the year, as well as get a better handle on paying down their credit card debt. Consumers used cards issued by Discover Financial Services more often in the first three months of the new […]
Recent laws have made it more difficult for young adults to take on credit card debt by limiting the ways in which they can actually obtain an account, but now many lenders are trying to skirt federal regulations. The Credit Card Accountability, Responsibility and Disclosure Act of 2009 made it so that lenders couldn't market […]
Many consumers have made significant efforts to reduce debt in the past few years, but at the same time, a large number of younger Americans have been racking up significant balances on several different kinds of accounts. The average person in the 20s now carries some $45,000 in outstanding debts in student loans, credit card […]
After a slight uptick in problems in the month of January, consumers returned to being conscientious in their efforts to reduce debt in February, leading to fewer late payments and a slightly lower charge off rate for the nation's top six lenders. Delinquent credit card debt decreased in the month of February for five of […]
Consumers may now be feeling better about their financial standing and feel they're in a improved position to once again handle credit card debt, because the number of transactions on their cards are increasing significantly. Both Visa and MasterCard, the world's two largest processors of credit and debit card transactions, announced that they've seen the […]
While consumers' attitudes toward borrowing changed drastically during the recession, many have begun to feel more comfortable with credit card debt as economic conditions improve nationwide. As a consequence of those two factors, lenders are now extending more lines of credit to borrowers, but are reserving their best offers to those whose credit scores are […]