Americans Are Paying Credit Card Bills on Time

Credit Cards

Americans Are Paying Credit Card Bills on Time

Americans Are Paying Credit Card Bills on Time

Credit card delinquencies declined during the past year, with 1.76% of credit card accounts 30 or more days past due in the third quarter. While that’s up slightly from the 1.62% delinquency rate in the second quarter, it’s an improvement from the third quarter of 2012 when the rate was 1.88%. There’s a seasonality to... Read More

Why Debt Collectors Need New Rules

Managing Debt

Why Debt Collectors Need New Rules

Why Debt Collectors Need New Rules

What consumer protection law is about as old as the arcade game Pong and nearly as antiquated? The Fair Debt Collection Practices Act — the law that governs what’s become a multi-billion-dollar financial industry segment made up of companies that chase past-due debts from an estimated one in 10 Americans. When the FDCPA was put... Read More

5 Store Credit Cards That Are Worth It

Credit Cards

5 Store Credit Cards That Are Worth It

5 Store Credit Cards That Are Worth It

A warning you hear often during holiday shopping season is to be careful of store credit cards. It can seem as if nearly every retailer is offering a credit card application at checkout and raving about the benefits. Yet a careful review of the application often reveals high interest rates, poor terms and minimal rewards.... Read More

Sickness, Death & Money

Managing Debt

Sickness, Death & Money

Sickness, Death & Money

My mom got sick when I was in high school, and she passed away when I was a junior in college. There were a lot of trips to doctors, many close calls at the ER, and many out-of-pocket medical expenses. She had a liver disease that she found out about much too late, and combined... Read More

What to Buy in the Winter

Personal Finance

What to Buy in the Winter

What to Buy in the Winter

With holidays around the corner, retailers and consumers are gearing up for the big holiday sales. While November and December are a great time to snag the gifts on your list, there are plenty of other deals to be had throughout the winter months. Along with a drop in temperature, you’ll also see a drop... Read More

How Do Banks Get Your Business?

Personal Finance

How Do Banks Get Your Business?

How Do Banks Get Your Business?

Banks spend more than 25 times as much money on marketing as governments, school districts and other organizations do on financial education, according to estimates from the Consumer Financial Protection Bureau. More specifically, Americans are inundated with $17 billion of marketing messages but only $670 million is being spent on helping them understand it. That’s... Read More

National Default Rate Stable

Managing Debt

National Default Rate Stable

National Default Rate Stable

Consumer credit default rates remain at low, pre-recession levels, according to the S&P/Experian Consumer Credit Default Indices. The indices, released monthly, measure changes in the default rates among credit card accounts, auto loans, and first and second mortgages in five major metro areas. The percentage of loans in default among all those consumer credit products... Read More

How to Cut Your Monthly Expenses By $1,000 a Year

Personal Finance

How to Cut Your Monthly Expenses By $1,000 a Year

How to Cut Your Monthly Expenses By $1,000 a Year

Honey Boo Boo may be entertaining, but is she worth the $100 or more you may be shelling out for cable each month? According to The NPD Group, the average pay-TV subscription service cost $86 a month in 2011, and that number is expected to climb to $123 by 2015. If the research company is... Read More

Black Friday Is a Big Day… for Plumbers

Personal Finance

Black Friday Is a Big Day… for Plumbers

Black Friday Is a Big Day… for Plumbers

Black Friday is one of the biggest shopping days of the year, but retailers and shoppers aren’t the only ones keeping busy after Thanksgiving. According to Roto-Rooter, Black Friday is the single busiest day for their residential plumbers. While the volume of guests may cause some problems in the bathroom, the kitchen is home to... Read More

Credit.com in the News 11.23.13

Personal Loans

Credit.com in the News 11.23.13

Credit.com in the News 11.23.13

The Consumer Financial Protection Bureau released a report highlighting the need to focus on financial education, which is what Credit.com’s Credit Experts were all about this week. In an NBC story on that report, Credit.com Director of Consumer Education Gerri Detweiler commented on the troubling disparity between the money financial service companies spent on financial... Read More

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