The willingness to take on debt and open wallets, at least here, remains unabated. In the United States, consumer debt gained at its headiest pace in October, as noted by Bloomberg, and is showing an increased appetite, of course, for borrowings. The total borrowings were...
Student loan debt is among the heaviest financial burdens to shoulder. Gradifi CEO David Chang tells PYMNTS that student loan repayments and refinancing - offered as an employee benefit, done automatically and with a range of options -- can help cement the bond between young...
LendingTree said in its debt report for the month of November that based on recent holiday shopping and credit card spending, credit card balances will swell by about 5 percent through the end of the year to more than $1 trillion. That would mean that...
Capital One Financial and Discover Financial Services, two of the largest credit card issuers in the country, are tightening lending standards, which is reportedly an unusual move in an economy that is booming. According to a report in The Wall Street Journal, both Capital One...
Stock markets around the globe seem to be in freefall. Interest rates are marching higher. Sears, at least at the time this article, is prepping for bankruptcy. Consumers may feel a pinch (eventually) in the wallet, as credit card debt and mortgages become more expensive. Beneath...
New data shows that as U.S. credit scores hit their highest point since the Great Recession, Americans are also borrowing more than ever. According to Bloomberg, the average FICO score is now at 704, a new record that marks an eight-year streak of increases. The...
Brett M. Kavanaugh, President Donald Trump’s nominee to the Supreme Court, racked up tens of thousands of dollars in debt purchasing baseball tickets during the past ten years. The Washington Post, citing a review of Kavanaugh’s financial disclosures, reported that at some points during the...
For all the press about how millennials are the future of commerce, there is one big and rather problematic roadblock in that narrative. Millennials are kind of broke – and they might always be. That is the worrisome take-away from a new Federal Reserve Bank of St....
The severe delinquency rate on private label retail credit cards jumped 57 basis points from March of last year and stands at 4.65 percent, according to Equifax’s latest National Consumer Credit Trends Report. In a press release highlighting the results, Equifax said outstanding balances of $81.7...
