Fitch, one of the big three American credit ratings agencies for corporate credit accounts, reports that credit card chargeoffs are rising. Fitch's Chargeoff Index measures the number of accounts...
Continue readingA new study by the Federal Reserve indicates that the median American net worth suffered significantly through the 2007 to 2010 period. By the numbers, American family net worth fell from $126,400...
Continue readingAs part of the CARD Act signed into law by Congress, a new requirement put in place may make it more difficult for a minority group to access credit. Previously, credit card companies were allowed...
Continue readingCredit card interest rates have fallen for the second week in a row to 14.92%. New credit card offers are tracked each week, with the average annual percentage rate used as an index to understand...
Continue readingNew research suggests that credit card users have become more responsive to their credit card debts. In 2009, Congress passed legislation that made more visible the cost of long-term credit card...
Continue readingBe sure to check your mail carefully over the next month. In 2001 a new law went into effect that would require credit card companies to send annual privacy policies to cardholders. As it went into...
Continue readingA study conducted by credit card company Capital One found that more consumers expect to use travel rewards in 2012. The study revealed that 52% of those who travel will use credit card rewards to...
Continue readingNot all states are created equal - the same can be said for credit card debt and credit scores. Throughout the United States, you can find an array of cultures, living conditions and standards of...
Continue readingThe key component of any recession is that the vast majority of the public simultaneously decide to stop spending money and instead focus on paying off debts. In the United States, this trend has...
Continue readingGroupon recently announced that it is testing a payment processing service that will allow merchants to accept credit cards at a much cheaper price than is currently being offered on the market....
Continue readingKeeping our identities secure becomes more and more difficult with each passing year, as technology makes it easier and easier for others to attempt to gain access to your credit card information....
Continue readingThroughout the vast majority of the credit card industry's existence, credit card interest rates have remained fairly fluid and changed from week to week. Over the past year, that notion has changed...
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