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Consumer Credit

The Student Loan Explosion

Michael Farr | Posted 06.09.2014 | Business
Michael Farr

The drag created by such big amounts of student debt is likely to reverberate throughout the economy for many years to come. This is just another reason we expect to remain stuck in a long period of sub-par economic growth.

New Age Lending and the Evolution of Credit

Doug Lebda | Posted 06.09.2014 | Money
Doug Lebda

We're beginning to see a shift in how money moves. Similar to the very efficient corporate markets like bond trading and commercial paper, money is beginning to move to consumers too.

Bankruptcy Filings Down in 2012, Continued Bad News for Debt Relief Industry

Steve Rhode | Posted 11.07.2012 | Money
Steve Rhode

While it is doubtful that in the next decade or so we will see debt relief service demand at the levels experienced in 2009-2010, we should see a greater demand in the next three to five years. It will just take time to reload the consumer debt pipeline.

The Myth: American's Have Learned to Avoid Debt

Steve Rhode | Posted 05.24.2013 | Business
Steve Rhode

So much of what you hear about the recent economic trends of people learning grand lessons about avoiding debt are just not true.

Why You Should Never Pay for Your FICO Score

Ken Lin | Posted 12.17.2012 | Money
Ken Lin

A number can't tell you much of anything, except that creditors consider you a good or bad credit risk. But the factors that make up your credit score -- like your percentage of on-time payments -- do tell you how where you need to change your financial behavior.

Economic Indicator Unexpectedly Misses Mark

Reuters | Posted 09.10.2012 | Money

WASHINGTON (Reuters) - Consumer credit fell in July for the first time in nearly a year as Americans reduced credit card debt, a worrisome sign for th...

Consumer Debt On The Rise

AP | ALEX VEIGA | Posted 10.14.2012 | Money

LOS ANGELES -- Americans are carrying more credit card debt than a year ago, yet the late-payment rate for card holders remains near an 18-year low, a...

Greatest Growth In Five Months

Reuters | Posted 09.08.2012 | Money

(Adds comments from economists) WASHINGTON, July 9 (Reuters) - U.S. consumer credit expanded in May by the most in five months as Amer...

Half Of U.S. Adults Essentially In A Credit Coma: Report

The Huffington Post | Alicia Ciccone | Posted 06.27.2012 | Money

In an April episode of the Fox sitcom "New Girl," Nick is surprised to learn of his ridiculously low credit score when he tries to buy a cellphone. ...

Loren Berlin

Have Fair Credit And Looking For A Credit Card? Good Luck. | Loren Berlin | Posted 04.20.2012 | Money

While the economy's fledgling recovery is reviving America's love affair with debt, many credit card companies remain surprisingly cautious in courtin...

Catherine New

Banks Tap Reliable Money Maker: Credit Cards | Catherine New | Posted 01.20.2012 | Business

After being rebuffed in its efforts to charge $5 per month for debit card use, Bank of America is gambling on the optimism of American consumers and g...

New Survey Shows Consumers Are Possibly Blind To Economic Realities

Posted 01.13.2012 | Business

Still riding the holiday shopping high, Americans are feeling more optimistic about the economy than they have in almost a year, according to data rel...

Americans May Be Getting Back Into A Pre-Recession Habit

AP | MARTIN CRUTSINGER | Posted 03.10.2012 | Business

WASHINGTON — Americans are feeling confident enough in the economy to go back to a time-honored tradition – taking on a little extra debt....

2011 -- The Year That Wasn't

Harlan Green | Posted 02.26.2012 | Business
Harlan Green

The bottom line is that many difficulties lie ahead, but it doesn't look like congressional gridlock can do much more to limit growth.

Consumers Upped Borrowing In October, Signaling A Boost In Confidence

AP | DEREK KRAVITZ | Posted 02.06.2012 | Business

WASHINGTON — Americans stepped up their borrowing in October to buy cars and attend college, and they also charged a little more to their credit...

Holiday Shopping On Ice For Many Americans

Posted 12.22.2011 | Business

In an amazing feat of will, some Americans are choosing not to shop at all this holiday season, resisting sales, novelty items--pillow pets!--and adve...

Citigroup Mails More Credit Card Offers Than There Are Americans

The Huffington Post | Jillian Berman | Posted 11.21.2011 | Business

Citigroup Inc. is hoping everyone and their mother and then some will sign up for a credit card. The bank mailed 346 million credit card offers in...

How Many Pumpkin Lattes Will Warren Buffett Earn for His $5 Billion BofA Investment?

Pamela Yellen | Posted 10.29.2011 | Business
Pamela Yellen

When banks and other financial institutions can borrow unlimited amounts from Ben Bernake and the Federal Reserve, while paying almost zero interest, they have no business charging consumers over 15% on the money we borrow.

No 'Double-Dip,' In Spite of Republican Efforts

Harlan Green | Posted 10.14.2011 | Business
Harlan Green

There will be no double-dip recession, in spite of the wild rumors and S&P downgrade of U.S. debt to AA-plus. So what are the markets worried about?

U.S. Consumer Credit Rose By $5 Billion In May

Posted 09.07.2011 | Business

WASHINGTON (Glenn Somerville) - U.S. consumer credit rose by another $5.08 billion in May, according to a Federal Reserve report on Friday that su...

PLASTIC IS BACK: Credit Card Debt Increased For First Time Since '08

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

In December, consumer credit card debt increased for the first time since 2008, according to the Federal Reserve, another strong indication that the A...

Slideshow: Top 5 Balance Transfer Offers, Fall 2010

Tim Chen | Posted 05.25.2011 | Business
Tim Chen

Here are a few of NerdWallet's best picks for credit cards that will help you cut back on interest payments and buy some breathing room.

Credit Reports Only Where Credit Is Due

Rep. Luis Gutierrez | Posted 05.25.2011 | Chicago
Rep. Luis Gutierrez

If credit checks reinforce discrimination, don't accurately measure financial responsibility, and don't dependably predict job performance, why are so many employers using them?

Credit Still Tightening, Fed Governor Elizabeth Duke Says | SEWELL CHAN | Posted 05.25.2011 | Business

WASHINGTON -- The level of outstanding credit in the American economy continues to fall as strong and weak banks alike pull back on lending, worsening...

Consumer Credit Shows A BIG Rise In March

AP | By MARTIN CRUTSINGER | Posted 05.25.2011 | Business