by - January 17, 2017 5:16 pm
A new report from WalletHub estimates U.S. consumers likely racked up an additional $80 billion in credit card debt at the end of 2016, putting outstanding balances dangerously close to…
by - October 20, 2015 3:30 pm
Holiday spending can be a stressful time even in stable economies but credit experts warn that taking advantage of “deferred interest” or pay later offers could add more stress to…
by - September 22, 2015 8:11 pm
Aaron's Inc. announced a deal on Tuesday (Sept. 22) to acquire all the outstanding stock of little known “nearprime” and consumer finance lender Dent-A-Med Inc. of Springdale for approximately $55 million in…
by - September 9, 2015 5:18 pm
CardHub reports consumers racked up $32.1 billion in new credit card balances during the second quarter ending June 30. Not only is this the largest second-quarter binge since the study began…
by - February 12, 2014 10:46 am
Consumer credit outperformed consensus expectations with a gain of $18.8 billion in December, the highest level in the past 10 months and more than $6 billion higher than consensus expectations,…
by - January 17, 2014 11:56 am
Banking media firm SNL Financial reports that the nation’s largest credit card issuers reported fewer late payments in December, with a 0.8% drop in delinquency rates from the prior month….
by - January 6, 2014 2:58 pm
Mortgage rates are likely to rise in 2014, but recent Federal Reserve actions to curtail bond purchases are not likely to result in higher across-the-board interest rates for consumers. In…
by - December 16, 2013 10:06 pm
Consumers who find the number of credit cards in their wallet stacking up over time are not alone, according to a new survey by CardRatings.com. The survey found that Americans…
by - October 3, 2013 4:23 pm
Following New York’s lead, Arkansas Attorney General Dustin McDaniel filed suit this week against payday lending partners Western Sky Financial, CashCall and WS Funding, along with their two owners Martin…
by - September 10, 2013 10:53 am
Consumers have shown in recent months they are quite willing dole out money for large ticket items such as new cars and even homes, but at the same time retailers…
by - August 7, 2013 5:00 pm
As the economy continues to tip toe toward a healthier state, consumer confidence has risen substantially from a year ago but remains wobbly on a month-to-month basis. This caution heeded…
by - June 28, 2012 2:33 pm
The Office of the Comptroller of the Currency’s 18th Annual Survey of Credit Underwriting Practices, released Thursday (June 28), shows that underwriting standards remained largely unchanged from last year, although…
by - February 27, 2012 4:07 pm
A report showing a decrease in housing-related debt and an increase in credit card and other forms of consumer debt is good news for the economy according to Jeff Collins…
