FTC: Cramming Fraud Targets Consumers’ Credit Cards The FTC has added a new alert about a fraud called cramming where small charges of $10, $20, or $30 are secretly inserted onto your credit card bill. These small charges add up … Continue reading
An increase in holiday spending drove up late credit card payments during the fourth quarter of 2012. The credit card delinquency rate, which represents the percentage of credit card customers that are at least 90 days overdue on their payments, … Continue reading
Outstanding consumer credit increased by $16.1 billion in November, the second straight month of significant gains, according to the latest Consumer Credit Report from the Federal Reserve. This also represented the fourth straight month of increases in consumer credit. Consumer credit increased … Continue reading
A new study gives more evidence about American's growing love affair with gift cards. Approximately 85 percent of Americans will purchase a gift card in 2012 according to CEB TowerGroup research. Sales will exceed $110 billion, and spillage--the amount of … Continue reading
Have you been naughty or nice this holiday season with your credit card spending? If you haven't been keeping track, you'll most certainly find out when your credit card statements come in January. Here are seven naughty holiday pitfalls and the nicest … Continue reading
Credit card debt will still be the biggest financial worry for consumers in the new year, according to a new myFICO survey. The survey showed that almost a quarter of respondents said they will need more than three months to pay off … Continue reading