U.S. Credit Card Defaults, Delinquencies Fall to New Lows
U.S. credit card charge-offs fell to 3.91% during 2013 Q3; the 60-day delinquency rate dropped to 1.63%; the monthly payment rate (MPR) rose to 23.42%....
Tag: credit card debt
Reducing Student Debt, One Bank Account at a Time
College students with no bank account are significantly more likely to adopt extremely risky attitudes and behaviors towards spending, saving, and debt....
Older Americans Get Deeper into Credit Card Debt
Older Americans have turned to credit cards for protection during the Great Recession and now owe more on plastic than the under-50 population....
Americans Still Cautious with Credit Cards, not so with Auto and Student Loans
Americans have taken out more student debt and auto loans in February, the latest Federal Reserve data show, but are still cautious with credit card debt....
You Can Now Turn Auto Loans into Credit Card Debt, but Should You?
Consumers can now transfer car loans and mortgages to credit cards with 0% APR, saving on interest fees and preventing repossessions, should anything go wrong....