Credit Card Issuers Go After Sub-Prime Borrowers Again
New credit card originations in the U.S. are growing very rapidly once again and the pace is even faster in the sub-prime borrower segment....
Tag: credit card statistics
Why the Debit Interchange Limit Is Especially Bad for Low-Income Consumers
The brunt of the new bank revenue-generating push, spurred by the debit interchange limit, will be borne disproportionately by low-income consumers....
Should We Cut up Our MasterCard and Visa Cards and Switch to AmEx or Discover?
American Express is ranked highest for customer satisfaction, with Discover a close second and Visa and MasterCard issuers trailing far behind....
Americans’ Credit Card Payments Timeliest in 17 Years
The U.S. consumer credit card delinquency rate in Q2 2011 fell to 0.6%, 18.9% lower than the Q1 2011 level and the best showing in 17 years....
U.S. Household Debt Falls, but Very Slowly
Aggregate debt held by U.S. households in Q2 2011 fell by 0.4% from the previous quarter; balances on most loan types fell, but by very small amount....