Credit Card Debt Hits 3 Year High!
In October 2013 US credit card debt hit a 3 year high. Revolving credit debt has risen to $856.82 billion dollars. This number...
Is your Auto Insurance Tied to your Credit Score?
Apparently. "The study found that if you have a median credit-based insurance score, you'll pay 24 percent more for car insurance...
Is A New Wave of US Mortgage Trouble Cresting?
US home buyers are missing more and more payments on their Home Equity Lines of Credit (HELOC) taken out during the housing bubble...
State Subpoenas Lead Generating Websites to Curb Payday Lending
According to the New York Times, New York sent subpoenas to lead generator websites which sell sensitive customer information to...
Is Business Credit Health Faltering?
Experian, one of the three leading credit reporting agencies, announced the credit worthiness of business in the retail sector is...
Do People with Employer Insurance Worry about Medical Bills?
The McCoy family seems like any other. Hard working Americans just trying to take care of their family. But behind closed doors,...
Is Debt Delaying Marriage?
The answer appears to be yes. According to a new study by Harris Interactive for the American Institute of CPAs, 15% of college...
Are Late Payments on Credit Cards Going Up or Down?
More Americans fell behind in their credit card payments in the 3rd quarter of 2013. Typically the delinquency rate climbs around...
Auto Loan Balances At All Time High?
According to Experian Automotive, outstanding loan balances reached $782.9 billion in the third quarter of 2013. This is a new...
Beware Retail Credit Cards on Black Friday!
I encourage everyone to beware of tempting credit card offers from retailers during Black Friday and holiday shopping. Many...
Did Bank of America Commit Mortgage Fraud?
Oh yeah. Bank of America was recently found liable for mortgage fraud due to sloppy loan origination from Countrywide Home Loans....
Millenials Do Not Manage Their Debt Well
According to Experian, young adults in their 20's are struglling to manage the debt that they have. Aside from student loans,...