It would seem that the government shut down has impacted millions of people from all walks of life. Add credit card applicants to the list.
The Internal Revenue Service – whose operations affect everyday financial transactions and loan processes – has been furloughed since October 1st after the United States House of Representatives failed to pass a continuing resolution to fund the federal government. The reach of the IRS in everyday life can be felt in application processes for a...
As the economic health of the country continues to falter and unemployment continue to rise, American consumers are having to adapt and change their financial habits. Credit card use among American consumers have noticeably slowed down and many are putting uncharacteristic effort to paying off their debts. Credit card companies are also sending lesser credit card solicitations and are much more lenient in their credit card applications.
Figures from 2005 show that banks sent around six...
If you have been following the news, you probably are probably worrying right now about your credit card and how it's going to or is affecting your finances. If you are like the majority of American consumers, then you are probably thinking that credit cards are twice as dangerous as they are convenient. So why get your college kids credit cards?
College students and credit cards don't mix very well, if recent survey figures from Sallie Mae are to be believed. According to the survey, more...