Americans Continue Paying Down Credit Cards before Mortgages
Americans are now making their credit card payments on time at a substantially higher rate than in 2007; the inverse is true for mortgage payments....
Tag: credit card statistics
U.S. Credit Card Debt Up Sharply
The aggregate volume of US consumer credit card debt rose by 7.9%, or $5.2B, in June, the fastest rate since March 2008, lifting the total to $798.3B....
Americans Use More Prepaid, Debit Cards, Less Credit and Checks
Paper checks are fading out as a mainstream payment method and credit card use is flat; non-credit types of cards are quickly gaining ground on both....
Falling Credit Card Debt Result of Higher Consumer Payments, not Charge-offs
While issuers charged-off huge amounts in the first 2 years after the meltdown, consumers are now repaying credit card balances at record-high levels....
CARD Act Pushes Credit Card Interest Rates Further Down
The CARD Act of 2009 has reinforced a downward trajectory in credit card interest rates, according to a new study by the Federal Reserve....