Getting Rid of Credit Cards the American Way
About a quarter of American consumers now have zero open credit card accounts, another quarter of consumers own only one active credit card....
Tag: credit card debt
Americans Continue Slashing Credit Card Debt
The latest Federal Reserve data show that U.S. consumer credit card debt has fallen sharply in July, following another steep decrease in June....
With Credit Card Losses at Record-Lows, Issuers Are Raking It In
U.S. card issuers have sold about $21B of bonds backed by credit card payments so far this year, up from $4.8B last year; and that's a good thing....
Americans Keep Slashing Credit Card Debt, Racking up Student Loans
The post-Lehman trend of falling consumer credit card debt continued in the second quarter of 2012, but so did the student loan explosion....
Americans Get More Credit Cards, Pay on Time and Keep Balances Low
The U.S. credit card delinquency rate in Q2 2012 fell to 0.63%; Americans are getting more new credit card accounts, but keep outstanding balances low....