Monthly Archives: August 2010
Student loan debt outpaces credit card debt in U.S.
Consumers owe more on their student loans than their credit cards, according to data released this month by the Federal Reserve. Continue reading
Rogers Lifts August Debt Sales to Four-Year High: Canada Credit
Rogers Communications Inc. Continue reading
New credit card law protects college students
Credit card reform came too late for 20-year-old Tamaira Shaw. The junior at the University of the District of Columbia got a preapproved credit card from Bank of America in the mail her freshman year of college Continue reading
Credit card debt falls
NEW YORK – The amount consumers owed on their credit cards in this year’s second quarter dropped to the lowest level in more than eight years as cardholders continued to pay off balances in the uncertain economy. Continue reading
Credit card debt lowest in eight years
Recent numbers show Americans are carrying the least amount of credit card debt since 2002. But is it necessarily a sign the economy is turning around? Continue reading
Credit Counseling May Still Be Necessary Despite Debt Drops
Credit counseling should not be out of the picture just yet. A study has shown that debt has dropped to its lowest level in eight years, Newsweek reports. However, spending has increased 6% – the highest since the economic crisis, and many have credit scores below 600 Continue reading
Credit Card Debt on the Decline
Credit card debt in the United States is down for the first time in eight years. Continue reading
Credit Card Spending Rises, But Debt Drops
Credit card spending is up from last year, according to market-research company Synovate. Their latest data shows that cardholders spent $1,559 on average across all the credit cards in their wallet in 2010 a 6% increase compared with the average of $1,471 that was spent in total during 2009. Continue reading
GreenPath Debt Solutions Reminds You to Check Your Credit Report Before Auto Shopping
Good credit score and “debt to credit ratio” can save money and obtain better interest rates Continue reading
Credit card debt drops to lowest level in years
Across the nation, credit card debt has dropped to its lowest level in 8 years. But that’s not necessarily the case locally. Continue reading
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