You Searched For "credit card defaults" and got 20 results
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2 mins read
Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans
Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…
16 mins read
The Best Credit Cards With Primary Rental Car Insurance of 2024
Credit cards with primary car rental insurance can cover you for theft or damage without filing a c…
Joseph Hostetler, CEPF,Angela…
14 mins read
Southwest Rapid Rewards Plus Credit Card Review 2023
Earn an elevated welcome bonus for getting the entry-level Southwest Plus credit card, which carrie…
Jasmin Baron,Katherine Fan,An…
1 min read
Younger Americans are falling behind on credit card and car payments, New York Fed says
"Delinquency tends to decrease with age, and younger generations have delinquency rates slightly hi…
Yuheng Zhan
2 mins read
SBI penalised for sending bills to man despite credit card's expiry
The forum noted that the company had blacklisted him in the CIBIL system of the wilful defaulte…
PTI
1 min read
America's consumer-debt stress is mounting - mortgage rates top 7%, credit-card liabilities hit $1 trillion, and now auto-loan defaults are on the rise
Since the Fed hiked rates to the highest levels in 22 years, payments on mortgages, credit cards an…
Joseph Wilkins
4 mins read
America's $1 trillion credit card bill really isn't as bad as it seems
US consumers have accumulated $1 trillion of credit card debt. That sounds like a lot, but it's not…
Jennifer Sor
2 mins read
A US debt default could spike borrowing costs like credit cards and mortgages, and 'every family should be concerned' says a consumer watchdog
Democrats and Republicans remain locked in an impasse about raising the US' $31.4 trillion debt cei…
Huileng Tan
7 mins read
I run a website teaching people how best to earn miles. These are the 7 worst mistakes I see consumers make with their credit cards.
Dave Grossman runs the website MilesTalk, where he explains how to maximize points and get perks li…
Matthew Loh
4 mins read
Cashbacks and no-cost EMIs may be lucrative, but it pays to be careful
One may go for an EMI when one does not have the money to pay up front. However, Delhi-based Dipaya…
1 min read
'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says
As "YOLO spenders" have financed more and more spending with debt, Rosenberg said the consumer cred…
Aruni Soni
2 mins read
A default cycle has started amid the Fed's high interest rates, economists say. These 4 charts explain how severe it is.
"The ongoing rise in default rates is not just a 'normalization.' It is the direct consequence of F…
Aruni Soni
2 mins read
Kunal Shah’s CRED doubles its valuation to $4 billion in less than six months
London-based Marshall Wace and Steadfast Venture Capital also participated in this round, alon…
2 mins read
Amazon is paying UK customers $27 to delete their Visa credit card as a payment option
Amazon said Visa's high transaction fees were behind its decision to stop letting people use Visa c…
Isobel Asher Hamilton
2 mins read
Credit card payments company CRED launches peer-to-peer lending option for its 7.5 million users
These loans will be disbursed at a 12-13% interest rate annually. Of which upto 9% interest ra…
2 mins read
Americans under 25 racked up more credit card debt than any other age group last year - and they're about to run into trouble as financial conditions tighten and inflation stays high
Credit card balances for holders under the age of 25 have grown 16% over the last year, likely beca…
Jennifer Sor
2 mins read
'Interest is your enemy': Credit card use is costing Americans more as inflation increases and interest rates soar
Consumers could end up paying an extra $1000 annually for their credit card debt as interest rates …
Jordan Hart
2 mins read
Warren Buffett's Berkshire Hathaway has notched a $9 billion gain on American Express this year - and made $26 billion on the stock overall
Berkshire has been an American Express shareholder for over 25 years, and its stake has grown from …
Theron Mohamed
3 mins read
Meet a 33-year-old with nearly $400,000 in debt juggling 4 jobs to pay it all off: 'I work more than I sleep'
A federal worker is carrying nearly $9,000 of monthly debt across credit cards, a mortgage, and stu…
Hillary Hoffower
2 mins read
Resuming student-loan payments this year without Biden's debt cancellation could be especially harmful to borrowers with auto and credit card debt, the NY Fed says
Regardless of what the Supreme Court rules on student-loan forgiveness, borrowers will still have t…