Topic: Credit Card Debt
Credit card users: Not so responsible after all?
AP News
Are credit card users really paying down debt? Analysis finds bank write-offs caused 2009 dropWith unemployment high and personal wealth diminished, how was it that strapped consumers were paying down their credit card debt last year? It turns out they probably weren't. The bulk of 2009's drop in ...
New Credit Card Protections Can Help Level Mountain of Debt
consumeraffairs.com
Four tips for wise credit use post-CARD ActWith most of the provisions of the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (CARD Act) now in effect, consumers are protected from universal default clauses, double-cycle billing and inequitable application of monthly payments to balances. What those with heavy credit ...
Fitch: January credit card defaults up 11 percent
AP News
Fitch Ratings' says January credit card defaults surge 11 percentFitch Ratings said Wednesday the number of credit card defaults surged 1.12 percentage points in January to 11.37 percent, the highest level since a record 11.52 percent in September. Fitch analysts said the increase was largely driven by ...
More consumers pay credit card before mortgage: study
Reuters US Online Report Domestic News
<div><p>NEW YORK (Reuters) - More and more consumers are giving greater priority to paying credit card debt than making a mortgage payment, showing increased financial duress, according to a report released on Wednesday.</p><p>As the economy climbs out of ...
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