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Credit Card Delinquencies Down in First Quarter

May

By Elizabeth Nelson, Posted: May 24, 2013

Fewer people are overdue on their credit card payments so far this year. TransUnion’s data shows a drop of nearly 20% in delinquencies, from 0.85% in the fourth quarter of 2012 to 0.69% at the end of March. Continue reading

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Tags: Credit Bureaus, Credit Card Bills, TransUnion...

Money is Not the Key to Happiness

By Elizabeth Nelson, Posted: May 20, 2013

Getting rich is still a popular goal, but success can be measured by good health, happy relationships, and work satisfaction, according to an AmEx survey. Continue reading

Forgetfulness Top Cause of Late Bill Payments

By Elizabeth Nelson, Posted: May 16, 2013

When it comes to missing a payment due date, the most likely culprit isn’t lack of funds—it’s just plain forgetting. Eighty-eight percent of consumers say they’ve paid a bill late within the past year, and 61% cited faulty memory as the ... Continue reading

First Data: Spending Slow Last Month

By Elizabeth Nelson, Posted: May 15, 2013

Spending was slow in April, according to First Data’s analysis of credit, debit and prepaid card spending. But that was largely due to gas prices, which were at their lowest price in over three years. Continue reading

Credit Card Use Declined in March

By Elizabeth Nelson, Posted: May 9, 2013

Consumers are cutting back on their use of credit cards, according to the latest report from the Fed. Borrowing in March saw its smallest increase in eight months—and even that slight uptick was due to student and auto loans, not credit ... Continue reading

Smartphones Have Edge Over Computers in Online Banking

By Elizabeth Nelson, Posted: May 8, 2013

Online banking is on the rise and banking apps are replacing computers for managing money, according to a recent survey by the Mercator Advisory Group. Continue reading

Small Business Owners Support Other Small Businesses

By Elizabeth Nelson, Posted: May 6, 2013

Turns out one of the biggest supporters of small businesses are other small business owners. They spend their money at other independently-owned shops and shun big box retailers, according to a recent AmEx survey. Continue reading

Consumers Wary of Credit Counseling for all the Wrong Reasons

By Elizabeth Nelson, Posted: May 1, 2013

Many people are reluctant to pursue credit counseling services due to misperceptions of what those agencies offer, according to an NFCC poll. Continue reading

College Students Using Less Credit Cards

By Elizabeth Nelson, Posted: April 26, 2013

Credit card use is down among college students according to a Sallie Mae study. Those who do have credit cards, use them carefully it says — three-quarters carry an average balance of less than $500, and 33% of them don’t carry a balance ... Continue reading

Travel, Fitness, Self and Home Improvement Spur Spending

By Elizabeth Nelson, Posted: April 25, 2013

The latest Chase Freedom Lifestyle Index indicates consumers opened their wallets for personal, professional and home improvementin the first quarter. But spending was flat compared to this time last year. Continue reading