Category Archives: Credit in the News
Debt and Bad Credit a Growing Problem for Seniors
When we think of credit card debt, we often think the student who is swimming in credit card debt after years of paying for meals, books, and other college expenses that loans failed to cover or the middle class family who carries credit card debt while struggling to keep up with bills and other demands. [...]
TransUnion Announces Average Household Credit Card Debt by State
A recent report has just announced that Iowa residents havethe lowest average credit card debt in the United States. This fascinating finding leaves many individuals and families around the nation struggling with credit card debt and bad credit asking “How do they do it?”
According to the report, Chicago-based firm TransUnion conducted its regularly quarterly analysis of trends [...]
Raid Retirement Accounts to Pay off Debt?
With total U.S. consumer debt at about $2.42 trillion dollars, according to an August 2010 G.19 report by the Federal Reserve, it’s no surprise that many individuals and families often contemplate controversial solutions in order to pay off loan and credit card debts.
As U.S. consumption continues to outpace income, foreclosures increase, and young adult and [...]
Consumer Debt Slightly Down
Consumers and credit holders have been widely bogged down by debt for years. With many consumers “waking up” to the error of their ways after the recent recession, some have undoubtedly become more responsible with credit card use and borrowing. While some reports maintain that consumer behavior hasn’t showed signs of changing much for the [...]
Bill to Ban Employee Credit Checks Clears Legislative Hurdle in New Jersey
Think bad credit can’t hurt you beyond getting making it difficult to get a loan? Think again. For several years, it has been common practice for employers and hiring managers to conduct credit checks on prospective and even current employees. To an employer, a less than optimal credit score can be a red flag signaling possible [...]
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