Credit card companies had an increase in the percent of charge-offs that they wrote in January, rising to 11.5 percent, but number of delinquencies that are one to three months behind declined to 5.96 percent.
The figures, reported by Moody’s Credit Card Indices, mark the third month of decline in early stage delinquencies, indicating possible improvement [...]
Americans are swamped in credit card debt. A recent report shows that the average American family has over $8,000 in revolving debt and 43 percent are spending more than they earn each year.
Eliminating credit card debt is a good option if you want to get your financial life on track again. It is recommended, that [...]
More than 40 percent of American families are spending more than they earn each year. The average household in the United States carries more than $8,000 in credit card debt alone. In total, American consumers are in the hole over $700 billion in revolving debt.
If you are finding yourself overwhelmed with credit card debt, it [...]
With the economy is nestled deep into recession, many people are exploring the option of filing bankruptcy. We receive emails quite frequently from folks asking if they should file. While only you can make that decision for yourself (hopefully with the advice of a professional), we can give you the advice that there could be [...]
