The New York Times reported that credit card offers sent via the mail in the second quarter of 2008 are down about 14 percent over the second quarter of 2007. Does this mean that we’ll be free from their junk mail in our mailbox anytime soon? That seems unlikely. They still sent out an amazing [...]
Recently released data from the U.S. Bankruptcy Court system showed that personal bankruptcy filings in the United States for the 12 month period ending June 30, 2008, were up 28 percent to 934,009. Tennessee had the highest bankruptcy filing rate per capita, Michigan had the highest per capita rate of Chapter 7 filings (that’s the [...]
Forbes declared Pine Bluff, Arkansas, the city in the United States with the most delinquent credit cards in its recent article, The Debt Capitals of America. The delinquency rate of 2.28 percent in Pine Bluff is nearly double the national average of credit card delinquencies of 1.19 percent.
One of the sad parts of Forbes’ list [...]
The United States isn’t the only country where consumers are having difficulty with credit card debt and rising expenses. I previously discussed the problem with credit card debt in Great Britain. And numerous news stories have focused on the growing problems with credit card debt in other countries in the world.
Australians owe a national record [...]
The United States isn’t the only country where consumers are having difficulty with credit card debt and rising expenses. I previously wrote about the problems with credit card debt in Great Britain. And several new news articles have focused on the spreading consumer debt crisis around the world:
Australians owe a national record $44.2 billion in [...]
Pretty much every newspaper article offering tips on using credit cards recommends that you pay off your credit card debt every month. But two recent surveys have found that some Americans don’t know whether they are following this oft given advice.
A survey of 1,000 Americans sponsored by CreditCards.com found that 5 percent didn’t know whether [...]
Bloomberg reported that credit and debit card transactions will rise from 40 percent in 2005 to 55 percent of all US transactions in 2011.
It will be interesting to see whether this prediction proves accurate. Now more than ever, credit cards and the associated fees are under the microscope. Given that retailers are lobbying Congress for [...]
American consumers hold more than 1.2 billion credit cards (including bank cards and retail or gasoline cards).
Source: Dayton Beach News Journal
The Los Angeles Times reported that a 30 point increase in an individual’s credit score could save that person an average of $105 a year - for a grand total of $28 billion in savings for all consumers.
“We had a credit party …”
A report from CNBC indicates that 15 million Americans are either receiving phone calls from creditors are are considering filing for bankruptcy. And, according to the article, it’s not only the low income that are at the credit party. Even high income households can get in trouble with credit card [...]
