Consumers could return to tapping credit card debt in next five years

Friday, May 4th, 2012

In the last several years, the nations top lenders have seen consumers attitudes toward credit card debt change considerably as a result of the economic downturn, but some expect borrowers to start moving toward their old habits in the next few years. Between 2007 and the end of ...

The interest-free credit card trap snaring unwitting borrowers

Friday, April 13th, 2012

Credit card companies are using "shameful practices" to maximise profits from customers on interest-free balance transfer deals, the managing director of a bank has claimed.Brian Cole, of Capital One in the UK, the bank that first introduced zero-interest balance transfers to Britain ...

Borrowers scaling back credit card debt as use continues to rise

Monday, April 2nd, 2012

Americans are still being more cautious about carrying credit card debt from one month to the next, even as they continue to expand their credit card use. Over the last two years, the purchase volume on consumer credit cards issued by the nations seven largest lenders has expanded ...

How To Get Out Of Credit Card Debt Much Faster

Wednesday, February 22nd, 2012

How To Get Out Of Credit Card Debt Much Faster Save Lots Of Money Without Filing For Bankruptcy! The most important lesson I learned about getting out of debt is that youll NEVER get out of debt playing by the rules of your creditors. No matter what they say, ...

Consumer credit card debt taking a tumble

Tuesday, February 21st, 2012

The amount of credit card debt owed to lenders in the metropolitan areas that were hardest hit by high balances in the past has been falling significantly in the last year. Of the 100 metropolitan areas nationwide that had the largest credit card debt as a percentage of ...