Credit Card Debt News

Have you heard the story about the kids who used their mum's credit card details to buy up large online? Or the one about the person who saved all their PINs disguised as phone numbers on their mobile which was then stolen by a thief who saw through the disguise and went on a spending spree? Both were left out of pocket because they breached terms ... (more)

Whether it's by accumulating credit card debt, missing a few debt payments, doing a short sale, or even filing for bankruptcy protection, you may be one of the many people whose credit has been hurt during the weak economy over the past few years.

Credit card debt is as American as apple pie. A good credit line, which translates to the savvy use of credit cards, is necessary to take out a loan or set up a mortgage.

New Mexicans who have federal student loan debt may see their interest rates double unless Congress acts by July 1. But many expect that, similar to last year, Congress will take action just before the deadline, staving off the sharp increases for students who have taken out subsidized Stafford loans, which are federally subsidized and guaranteed ... (more)

A proposal by Sen. Elizabeth Warren, D-Mass., proposal to reduce interest rates on student loans has one big economic backer: Nobel Prize laureate Joseph Stiglitz.

The ability of African Americans to build wealth is hampered by competing financial priorities and lagging ownership of investments, according to a study by Prudential Financial Inc.

Iowa's credit card delinquency rate was nearly the lowest in the nation in the first quarter.

In what is now an annual ritual, a new crop of college graduates has been crowned the most indebted class in American history.

Alabama had the second highest credit card delinquency rate nationwide in the first quarter, according to an analysis by Chicago-based TransUnion.

Student loan debt is a huge problem these days. The total amount of U.S. student loan debt has reached about $1 trillion and the average amount owed is $25,000. Surprisingly, the majority of student loan holders are over 30 years old - which means a lot of people are being limited by their student loan debt .

Monday, the Democratic Party of Georgia filed its Federal Elections Commission report for the period beginning 1 April 2013 and ending 30 April 2013.

Private student loan borrowers are so hard up for money within eight years of leaving college that about half have had to let go of everyday services like cable TV and Internet access, and more than a third have borrowed from friends or family just to keep up with their college debt payments and meet basic living expenses.

It's graduation season. Did your teenager have to take a financial literacy course to don that cap and gown? Probably not.

I'd like to pay off about $5,000 in credit card debt over the next one to two years.

Home improvement project? Funds for college tuition? Credit card bills? If any of these hit home with you, now may be the perfect time to take advantage of your home's equity.

The idea of "credit" has become a modern-day Medusa. We have a tangle of credit scores, reports and scoring formulas.

A group of community-minded start-ups hope to ease the burden of college tuition with the concept of crowdfunding.

The average Kansas City credit card consumer carried an average balance of $2,743.09, based on data collected as of April 1 by Manilla.com, an online personal finance business that helps people manage their bills and credit card accounts.

Brandon Prince sits inside his truck March 16 in Boise, Idaho, as he prepared to begin living in the vehicle.

Q: I am engaged to a gentleman who had declared bankruptcy when he lived out West, along with is wife at the time.