Consumer Debt

Bringing Debt Management Into The Digital Age 
Bringing Debt Management Into The Digital Age 
July 24, 2019  |  Alternative Finances

“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” The above quote...

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Revolving Credit Balances Rise 5 Pct In May
Revolving Credit Balances Rise 5 Pct In May
July 08, 2019  |  Economy

The debt balances climb ever higher. In the latest data reported by the Federal Reserve, total credit was up $17.1 billion in May as measured...

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Canada’s Insolvencies Jump In March To Highest Level In Eight Years
Canada’s Insolvencies Jump In March To Highest Level In Eight Years
May 13, 2019  |  Economy

Consumers in Canada filed 11,963 insolvencies in March, up 5 percent from a year ago and the highest number in eight years. According to a...

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Mixed Performance For Bank Credit Card Delinquencies In February
Mixed Performance For Bank Credit Card Delinquencies In February
March 15, 2019  |  Debt

Credit card delinquency rate reports are trickling in on a bank-by-bank basis and a spate of recent disclosures show mixed results. As noted in filings...

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Default Rates Remain Stable In First Month Of New Year
Default Rates Remain Stable In First Month Of New Year
February 20, 2019  |  Economy

S&P Dow Jones Indices and Experian Wednesday (Feb. 20) released the S&P/Experian Consumer Credit Default Indices data, representing a comprehensive measure of changes in consumer...

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Americans Aren’t Struggling Despite Rising Consumer Debt
Americans Aren’t Struggling Despite Rising Consumer Debt
January 02, 2019  |  Economy

Consumer debt is at a record level — but in terms of handling it, there are no signs that Americans are struggling, reported The Wall Street...

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Oct. Consumer Credit Logs Fastest Gains In 11 Months
Oct. Consumer Credit Logs Fastest Gains In 11 Months
December 07, 2018  |  Debt

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...

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LendingTree: US Consumer Debt Approaching $4T   
LendingTree: US Consumer Debt Approaching $4T  
November 30, 2018  |  Debt

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...

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How The New FICO Will Change The Credit Landscape For Borrowers
How The New FICO Will Change The Credit Landscape For Borrowers
October 24, 2018  |  Consumer Finance

After years of focusing nearly entirely on a consumer’s payment history, FICO has announced that as of 2019 it will be rolling out a new...

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