Credit Cards Make You Fat
Whenever a credit or debit card is used for payment, Americans' shopping baskets contain a larger proportion of unhealthy foods....
Category: Credit Card Processing Blog
On the CFPB, Debt Collection and Credit Worthiness
The CFPB tells us that not paying off a credit card collection account may have no effect on a consumer's future borrowing prospects. The CFPB is very wrong....
U.S. Credit Card Default, Delinquency, Repayment Rates Set New Records
U.S. credit card charge-offs fell to 3.71% in June; the 60-day delinquency rate dropped to 1.40%; the monthly payment rate spiked to 25.30%....
More on Using Alternative Data for Determining Creditworthiness
Alternative data promise to help lenders separate genuinely risky sub-prime borrowers from those who are not quite as risky....
Americans Whip out Their Credit Cards in May
Americans took on more credit card debt in May than they had in years, and continued to ramp up more student and auto loans as well, the latest Fed data show....