Americans reducing debt but relying on credit for basis necessities
News from Pivotal Payments:
22/07/2011 – Consumer credit continues to show strong value, as a recent report shows average credit card debt slid in the U.S. The trend may also be prompting Americans to rely on their credit cards to make purchases on basic necessities such as food and fuel. reported this month that average consumer credit card debt fell by 10 percent over the first half of 2011 and 17 percent from a year ago to reach $ 6,472. Student and auto loan debt have both increased this year, while home mortgage and equity loans declined.

“Economists are optimistic about the second half of 2011 as gas prices continue to drop and home costs level off,” said Kin Lin, CEO of “The data supports this trend, reflected by stable credit scores this year and consumers reducing their credit card debt.”

The study also evaluated credit trends on a state level, finding California, Massachusetts, New Jersey, New York, Utah and Washington to have the highest av…………… continues on Pivotal Payments
… Read the full article

Related News:

More women than men seek help with personal debt, credit counselors find
News from Orlando Sentinel:
As cash-strapped Floridians attempt to chip away at their credit-card balances and other consumer debt, women continue to lead the way in seeking help with their own debt ceiling, experts say.

Women top men by a wide margin in Florida when it comes to getting professional help for debt problems, according to new figures from some credit-counseling operations that have clients throughout the state.

From single mothers and divorcées to those who became family breadwinners when their husbands lost their jobs in the recession, women have outnumbered men in the credit-counseling line for much of the past decade, the agencies say.

In Metro Orlando, for example, women now make up more than 62 percent of the client base at CredAbility of Central Florida, one of the largest credit-counseling agencies in the state. And when the Orlando-based organization checked its historical data, it found that a gender gap has existed in Florida since at least the middle of the past decade.

…………… continues on Orlando Sentinel
… Read the full article

Credit card companies use bonuses to woo new customers

Posted by administrator | 22/07/11 | Tagged Credit Card

Credit card companies use bonuses to woo new customers
News from ScrippsNews:

How would you like $ 200 cash, four free nights at a Marriott or two free round-trip flights to California just for signing up for a credit card?

Bonus offers on credit cards have never been juicier, said founder Curtis Arnold, who has followed the industry for about 10 years.

Arnold said he was “blown away” recently by an offer he received — and quickly snapped up — for the American Express Business Gold rewards card. He’ll get $ 500 in gift cards if he charges $ 2,000 in the first three months, plus the card’s $ 125 annual fee is waived for the first year.

With credit card defaults easing and the reforms ushered in by the credit card act behind them, card issuers are going after customers with new vigor.

Overall, credit card solicitations more than doubled in the fourth quarter of 2010 to 1.4 billion, up from 551 million in the same period of 2009, according to Chicago-based Mintel Comperemedia. Eight in 10 offers were for reward cards — …………… continues on ScrippsNews
… Read the full article

Related News:

Woman’s Women’s Leather Wallet ID Credit Cards Cash Coin Holder Case Purse Orgnizer

  • 15 CREDIT CARD & ID SLOTS, Holds Up To 40 Cards
  • Dimension 4″ X 3″ X 1″


List Price: $ 8.95


© 2017. Credit Card Talk