LowCards.com Weekly Credit Card Update–November 15, 2013
Credit Card Debt Declines for Fourth Straight Month U.S. credit card balances declined for the fourth consecutive month in September, suggesting rising caution among the nation's consumers. Revolving...
View ArticleReducing Credit Card Debt in 2014
Christmas shopping has reached a frenzied pace, and millions of consumers are buying things they probably cannot afford. Many of us will enter January with credit card debt. Issuers are adding to the...
View ArticleConsumer Borrowing Jumps in December
Demands for auto, student and credit card loans experienced significant increases in December, according to the latest figures from the Federal Reserve. Consumer credit increased $18.8 billion in...
View ArticleLowCards.com Weekly Credit Card Update–February 14, 2014
Target Data Breach Pits Banks Against Retailers Banks and big retailers are locked in a debate over the breach of consumer data that gripped Target during the holiday season. At issue: Which industry...
View ArticleCredit Card Debt Reaches Post Recession High
New credit card debt in America hit a post-recession high in the second quarter of 2014, reaching a total of $28.2 billion, according to a new study. That is the largest amount of debt since the...
View ArticleCredit Card Debt Falls for First Time Since February
Credit card debt fell slightly in August for the first time since February, dropping $208 million or an annual rate of 0.3%. These were the findings of the latest monthly Consumer Credit report from...
View ArticleCredit Card Issuers Will Earn $159 Billion This Year
According to a new report from R.K. Hammer, U.S. credit card issuers will generate $158.6 billion in revenue this year. That is a 9% increase from the $146 billion in 2013, and only 6% less than the...
View ArticleCredit Card Debt Dropped Significantly in November
The latest monthly report from the Federal Reserve showed a large decline in credit card debt during the month of November, the first decrease in three months. According to the Federal Reserve's...
View ArticleBig Jump In Credit Card Debt in December
Consumers racked up a sizeable amount of new credit card debt during the Christmas holiday. Revolving debt, most of which is credit card debt, rose $5.8 billion during the month of December, an...
View ArticleLowCards.com Weekly Credit Card Update–February 13, 2015
Why Some People Still Have Hidden Bank or Credit Card Accounts More than 7 million Americans, including 4.4 million men and 2.8 million women have hidden a bank or credit card account from their...
View ArticleCredit Card Debt Jumps in March
Consumers are borrowing once again. The latest Consumer Credit report from the Federal Reserve showed that consumer debt grew at an annual rate of 7.4% in March, which is the largest increase in 11...
View ArticleLowCards.com Weekly Credit Card Update–May 8, 2015
Does Credit Card Debt Lead to Depression? Credit cards can carry more than high interest rates--they actually might increase your chances of depression. It's common sense that high levels of debt can...
View ArticleLowCards.com Weekly Credit Card Update–September 11, 2015
Consumer Credit in U.S. Increased More Than Forecast in July Consumer credit in the U.S. rose more than projected in July, boosted by bigger credit card balances and loans for automobiles. The $19.1...
View ArticleCredit Card Debt Approaches Pre-Recession High
It has been several years since the United States went into a recession, but it appears Americans are slipping back into their old ways. According to new research, the average household credit card...
View ArticleReducing Credit Card Debt in 2016
Christmas shopping will soon reach a frenzied pace, and millions of consumers will buy things they probably cannot afford. Many of us will enter January with credit card debt. Issuers are adding to the...
View ArticleU.S. Credit Card Debt Approaches $1 Trillion
According to a new study, credit card debt in America reached $917.7 billion at the end of 2015. This is a $71 billion higher than 2014. Much of this debt can be attributed to the fourth quarter of...
View ArticleIncreased Credit Card Write-Offs Lead to Falling Stock Prices for Card Issuers
Synchrony Financial, the largest supplier of private label credit cards, reported that credit card write-offs would increase at higher-than-expected rates, as consumers are struggling to catch up on...
View ArticleLowCards.com Weekly Credit Card Update–April 14, 2017
America’s Credit Card Tab Hits $1 Trillion Credit card debt breached the $1 trillion threshold in the U.S., joining auto loans and student debt in crossing that level, and hitting its highest mark...
View ArticleLowCards.com Weekly Credit Card Update–August 18, 2017
One Major Way U.S. Credit Card Debt Is Getting Worse Americans are increasingly delinquent on their credit card debt. Credit card delinquencies have increased in recent months. Some 4.4% of credit card...
View ArticleLowCards.com Weekly Credit Card Update–September 8, 2017
Equifax Reveals Hack That Likely Exposed Data of 143 Million Customers Equifax Inc, a provider of consumer credit scores, said on Thursday that personal details of as many as 143 million U.S. consumers...
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