How Boomers can turn around the reversals of fortune in time for retirement Economists say that, technically, the recession is over and the economy is starting to move again. But for millions of Baby Boomers, the pain is still with us, including ...
Are credit card users really paying down debt? Analysis finds bank write-offs caused 2009 drop With unemployment high and personal wealth diminished, how was it that strapped consumers were paying down their credit card debt last year? It turns out they probably ...
Four tips for wise credit use post-CARD Act With most of the provisions of the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (CARD Act) now in effect, consumers are protected from universal default clauses, double-cycle billing and inequitable application of ...
Fitch Ratings' says January credit card defaults surge 11 percent Fitch Ratings said Wednesday the number of credit card defaults surged 1.12 percentage points in January to 11.37 percent, the highest level since a record 11.52 percent in September. Fitch analysts said ...
<div id="subtitle">Meltdown 101: How do I get my credit card balance forgiven, and what are the drawbacks?</div><div><p>Pay a fraction of what you owe, walk away debt-free.</p><p>If the premise of credit card debt settlement sounds too good to be true ...
<div id="subtitle">Credit card companies adapting, but so are consumers</div><div><p> In the last two weeks credit card customers--from Chase to Bank of America to Capital One--have complained loudly about sudden changes in terms. Some have seen interest rates go from eight percent to ...
<div id="subtitle">Safety net has become a trap</div><div><p> Low and middle income families have average credit card debt of $9,827, according to a new survey released by Demos, a research and policy group. Researchers say they find that increasingly these families are tapping ...
<p>All the way on the other side of the world, Chinese citizens are learning to make money off their credit cards. Yes, we are warned since an early age of the trickery and deception of credit card companies, but there are ways ...
<div id="subtitle">Wisconsin family finds there's no easy way out of debt</div><div><p> It was 2004 and the Hilderbrandt family of New Richmond, Wisc., was drowning in debt. Personal loans and credit cards added up to a staggering $106,000.</p><p>Last week ...
<div><p>NEW YORK (Reuters) - More and more consumers are giving greater priority to paying credit card debt than making a mortgage payment, showing increased financial duress, according to a report released on Wednesday.</p><p>As the economy climbs out of the worst recession in ...
