Credit card debt jumps 5%

Posted by administrator | 16/07/11 | Tagged Credit Card Debt

Credit card debt jumps 5%
News from MSN Money:

This post comes from Jeremy M. Simon at partner site CreditCards.com.

Consumer credit card balances saw their biggest percentage jump in nearly three years — going up more than 5%, according to data released today by the Federal Reserve.

Revolving credit, nearly all of which is credit card debt, rose $ 3 billion to $ 793 billion, according to the Fed’s monthly
… Read the full article
.

Related News:


How to Settle Credit Card Debt Yourself


How to Settle Credit Card Debt Yourself
List Price:
Price: 9.79

5 tips for staying under your own debt ceiling

Posted by administrator | 16/07/11 | Tagged Credit Card

5 tips for staying under your own debt ceiling
News from USA Today:

By Dave Carpenter, Associated Press

CHICAGO — It seems like common sense: Don’t take on more debt to pay off your bills.

  • Paul Sakuma, AP

    Steve Wheelock holds up his Discover Card along with his American Express, Bank of America and Capital One Visa credit cards in San Francisco, June 22, 2011.

Paul Sakuma, AP

Steve Wheelock holds up his Discover Card along with his American Express, Bank of America a…………… continues on USA Today

… Read the full article
.

Related News:

Capital One June credit card defaults edge lower
News from BusinessWeek:

Capital One Financial Corp. on Friday said the rate at which it wrote-off unpaid credit card balances fell again in June, while late payments ticked up slightly.

The McLean, Va.-based bank’s U.S. credit card charge-offs, or the balances written off after they were six months late, fell to $ 198 million, or 4.41 percent of balances on an annualized basis. That was down from $ 217 million, or 4.84 percent of balances, in May.

It was the third straight month the default rate was below 5 percent, a threshold that hadn’t been seen since 2007 before April. The figure peaked at 10.87 percent in March 2010.

The monthly data, filed with t…………… continues on BusinessWeek
… Read the full article


KINZEL & HYDE: OKLAHOMA CREDIT CARD


KINZEL & HYDE: OKLAHOMA CREDIT CARD
List Price: 21.97
Price: 17.31

© 2017. Credit Card Talk