iOS app Android app

Credit Card Defaults

Americans Grossly Underestimate Their Own Credit Card Debt

The Huffington Post | Alexander Eichler | Posted 12.21.2011 | Business

Americans grew wary of credit-card debt during the recession, a time when no one was eager to try to live beyond their means. But in the past two year...

Credit Card Max-and-Walk: Consumers Learn How to Game the Banks

Nicholas Carroll | Posted 05.25.2011 | Business
Nicholas Carroll

Now that understanding banks' credit card red flags is spreading, banks are facing a wave of consumers who have learned a bit about the mathematics of default detection -- enough to circumvent the algorithms.

Credit Card Delinquencies Up November, More Borrowers Struggling: Moody's

AP | Posted 05.25.2011 | Business

NEW YORK — More U.S. credit card users fell further behind on their payments in November, Moody's Investor's Services said Tuesday. The charge-...

Credit Card Defaults Rise To Record In May

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) - U.S. credit card defaults rose to record highs in May, with a steep deterioration of Bank of America Corp's lending portfolio, in...

Credit Card Defaults Hit Record Highs In April

Reuters | Posted 05.25.2011 | Business

U.S. credit card defaults rose in April to record highs, with Citigroup and Wells Fargo posting double digit loss rates, as the recession slashed more...