Delinquencies down, defaults a mixed bag in February

Posted by administrator | 16/03/12 | Tagged Credit Card Debt

Delinquencies down, defaults a mixed bag in February
News from Debtmerica Relief:

After a slight uptick in problems in the month of January, consumers returned to being conscientious in their efforts to reduce debt in February, leading to fewer late payments and a slightly lower charge off rate for the nation’s top six lenders.

Delinquent credit card debt decreased in the month of February for five of the nation’s top six lenders as consumers returned to their post-recession borrowing habits after eschewing them slightly as a result of the holiday shopping season, according to a report from Dow Jones Newswires. Only American Express did not see fewer delinquencies, but it said that its late payment rate held steady.

However, when it came to balances that were so far behind on payments they had to be written off as uncollectable, half of those lenders – American Express, Discover and Citi – saw…………… continues on Debtmerica Relief

… Read the full article
.

Related News:

Hawaii consumer credit improves
News from Honolulu Star-Advertiser:

POSTED: 10:46 a.m. HST, Mar 14, 2012
LAST UPDATED: 08:43 p.m. HST, Mar 14, 2012

 

The average Hawaii consumer had $ 7,457 in credit card debt last month, down from $ 7,524 in January, according to monthly data from CreditKarma.com, a credit scoring website.

Hawaii credit scores average 673, up from 672 a year ago.

Average Hawaii mortgage debt in February was down to $ 298,278 in February, down 3 percent from a year ago, while the national average mortgage debt in February was $ 170,312.

The only debt indicator to show a year-over-year increase was the automotive category, up 1.2 percent to $ 15,693, from $ 15,507, a possible sign that consumers are buying…………… continues on Honolulu Star-Advertiser

… Read the full article


PayPal targets small business with mobile payments

Posted by administrator | 16/03/12 | Tagged Credit Card

PayPal targets small business with mobile payments
News from BusinessWeek:

  • order a reprint
  • digg this
  • save to del.icio.us

… Read the full article
.

Related News:


– Credit Card Wallet. As seen on TV
Exterior Leather, Interior Plastic Slots gives you plenty of room for 8 credit cards or more, organized and clearly visible. It’s …
DMT D3EFC 3-inch Dia-Sharp® Sharpener, Credit Card Sized- Extra-Fine, Fine and Coarse Diamond
Dai-Sharp Ready-to-go 3.00 in. credit card size diamond sharpener with convenient vinyl color-coded carrying case. Fits easy in po…
© 2017. Credit Card Talk