Going Bankrupt Does Scare Lenders Away
Bankruptcy filers get fewer new cards, suffer a significant reduction in their credit limits and the impact seems to be long-lasting; but that is by design....
Author: UniBul
Alaskans Remain Most Indebted to Credit Cards, Increase Lead
Alaskans had $6,910 in credit card debt in Q2 2013, increasing their already huge lead over Coloradans, who owed $5,625; Iowans had the lowest average - $3,885....
How Cybercrime Has Gone Mainstream
The cybercrime industry has entered the "as-a-service" phase, extending beyond hiring hackers for specific tasks, with a variety of services available to rent....
Lending Clubs Prosper in the U.S. and U.K.
P2P lending has thrived in a post-Lehman world, in which the traditional lenders have shut out all but the most creditworthy of loan applicants....
Americans Pay down Credit Card Debt, Take out More Auto, Student Loans
Americans were once again in a credit card debt repayment mood in June, even as they continued to take out more student and auto loans, the Fed tells us....