LowCards.com Weekly Credit Card Update November 30

How Four Families Conquered Their Credit Problems A Federal Reserve Board report issued in June revealed that only about 39 percent of card holders carried a balance in 2010, down from 46 percent in 2007. Those balances average $2,600, compared … Continue reading

The Good News & Bad News in the Latest Debt Figures

At first glance, the latest Federal Reserve figures are encouraging, showing that household debt fell by $74 billion or 0.7 percent in the third quarter. However, the decrease is almost entirely from mortgage debt which is the largest factor of … Continue reading

LowCards.com Weekly Credit Card Update November 16

Battle Plan Shifts on Dodd-Frank President Barack Obama's victory means the 2010 Dodd-Frank law will stand. But the finance industry could still cut some parts of the law because changes now are politically less risky for the administration and Democrats in … Continue reading

Big Decline in Credit Card Debt

New government reports give a glimpse into how consumers are handling their credit cards during these tough economic times. The latest monthly Consumer Credit Report from the Federal Reserve shows revolving credit, the majority of which is credit card spending, decreased $4.82 billion in July, … Continue reading