Posted: June 1, 2018
Many consumers have private label credit cards, but some are defaulting on them, according to a new Equifax National Consumer Credit Trends Report. It shows that the severe delinquency rate on private label retail credit cards is now up 57 basis points, holding at 4.65%. The outstanding balance on… Continue reading
Posted: March 21, 2018
When a data breach hits the news, it can make you worry about the state of your credit data. You may even consider freezing your credit so that hackers can’t open any new cards or mortgages in your name. But the downside is that it can cost you up to $10 per freeze with Equifax, Experian and… Continue reading
Posted: May 9, 2016
Paying bills on time definitely has an impact on credit scores and creditworthiness, and Americans are well aware of that fact, according to a new study by Equifax. Continue reading
Posted: August 12, 2015
A consistent increase in consumer credit card debt is actually a good development, according to a new study by Equifax, showing that consumers are continuing to recover from the great recession. Continue reading
Posted: April 7, 2015
FICO, LexisNexis and Equifax have joined forces to create credit scores for unbanked customers, those that don’t have a traditional checking or savings account. The pilot program has the potential to impact 15 million people. Continue reading
Posted: February 20, 2015
Consumers are charging purchases to their credit cards at a higher rate than any time in the last five years, according to Equifax.
Posted: January 26, 2015
Last year Citi announced they would be giving its consumer credit cardholders free access to their FICO scores, and this month they are delivering on that promise. FICO scores have been uploaded to online accounts and will be updated monthly. Continue reading
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