consumer credit

The media loves making references of the current economy being compared to the great recession. After all, headlines with “recession” have been used to drive higher interest. One problem...
Jon C. Ogg
Lending money to friends and family often spawns unexpected and undesirable consequences.
Paul Ausick
With the deficit in the United States now over $22 trillion, there may come a day when deficits and credit actually matter again.
Jon C. Ogg
Economic release by the Federal Reserve, outside of the formal FOMC interest rate changes, may be boring on the surface. The flip-side to that is that the Fed’s economic reports are also very...
Jon C. Ogg
More than 70 million Americans have more credit card debt than they have in emergency savings, the highest rate in almost a decade.
Jon C. Ogg
A Goldman Sachs and Apple joint credit card branded with Apple Pay could address priorities for both companies.
Chris Lange
U.S. housholds with credit card debt carry an average balance of nearly $16,000, in addition to mortgages, car loans and student debt totaling another $117,000 on average.
Paul Ausick
The Fed reported Monday that consumer credit rose in November 2017 at the fastest rate in two years and that month-over-month growth was the largest in 16 years.
Paul Ausick
Rising auto sales have also boosted the amount of money Americans have borrowed to pay for those cars. U.S. buyers now owe a total of $1.21 trillion on purchases of new and used vehicles.
Paul Ausick
U.S. credit card debt rose by $33 billion in the second quarter of this year and is solidly on track to top $1 trillion by the end of 2017.
Paul Ausick
Google fired the employee who wrote the widely reported anti-diversity memo, Tesla will raise $1.5 billion in debt, and more headlines.
Douglas A. McIntyre
Cash back credit cards are more available than ever before, and if you are not using one you may be missing out on some real savings. And about 43 million Americans are missing out.
Paul Ausick
Some consumers feel ripped off at the notion of paying 18% interest rates, or even higher, on their credit cards.
Jon C. Ogg
Beginning this weekend, the three major credit bureaus will implement policy changes that in many cases will result in an increase in consumers’ credit scores.
John Harrington
One key barometer of the economy is how everyday people are managing their finances from month to month. Turns out the national bank card default rate was a 48-month high.
Jon C. Ogg