People often assume that it takes bad credit to get declined for a credit card, but that is not always the case. A complete lack of credit may be just as detrimental to your chances, depending on what card you … Continue reading
We have all made financial mistakes at some point. When it comes to credit cards, there are a significant number of pitfalls that any consumer can make. To help you avoid these, we have compiled a list of the 10 most common credit … Continue reading
Consumers have applied for more credit cards and some big banks have eased the standards for credit card loans over the last three months. These were the major credit card findings of the monthly Senior Loan Officer Opinion Survey on … Continue reading
Another credit card report shows that charge-offs and delinquency numbers continue to fall. Last week, Moody's Investors Service found that credit card charge-offs fell from 4.56 percent in July to 4.19 percent in August. The credit card charge-off rate is … Continue reading
The issuers of retail credit cards seem to be significantly easing their credit standards, according to data from Equifax's August National Consumer Credit Trends Report. The number of open retail credit card accounts reached a 31-month high in July, exceeding … Continue reading
A new Federal Reserve study shows the devastation of the recent recession on family finances. The average family's net worth dropped almost 40 percent between 2007 and 2010--from $126,400 in 2007 to $77,300 in 2010. The report estimates the recession eliminated … Continue reading