In a recent announcement from the federal government, it seems that Americans have been successful in trimming more than $93 billion in credit card debt from 2008 to 2009. That news was good news to hear from the standpoint that it seems that consumers are getting wiser about using credit cards. But, it is not the whole story.
Credit Card Debt Drops Due to Corporate Write-Offs
March 30th, 2010
Credit Card Companies Struggling, Increasing Rates to Stay Afloat
March 30th, 2010
In a recent report published by the Wall Street Journal, there is evidence that credit card companies are still struggling. The data was released by major United States credit card issuers and it shows that lenders are facing challenges across the board. That could mean trouble for the economy as well as stock holders.
Are Instant Student Credit Cards a thing of the Past?
March 30th, 2010
Today’s college student uses credit cards for everything from purchasing textbooks to paying for meals. However, with a recent law change, it has become more difficult for the student to secure such credit cards on their own. Now, students have to turn to parents not only to help them to pick the right college to attend, but also to help them to choose a credit card to take with them.
The Best Airline Mile Credit Cards Ramping Up Rewards
March 16th, 2010
Some of the best airline rewards card programs are now increasing the benefits that they provide to individuals. With consumers looking for ways to save money, these rewards programs can be the ideal place to do so. It also helps to put the credit card lenders in a more favorable look after the last few months of increasing interest rates, new and higher fees being tacked on to cards and with fewer reward programs even being available.
Depression Era Mentality? Consumers Going Back to Cash
March 3rd, 2010
The need for a low interest rate credit card continues to grow. In a recent survey by Market strategies, there are now more consumers turning back to cash over using credit cards. Read the rest of this entry »
