Credit Card Debt News

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.

The student loan burden is reaching crisis proportions. Young Americans are being saddled with unsustainable debts.

No one won Wednesday night's Powerball drawing, which is good news for somebody: There will be an even bigger drawing on Saturday night.

'American Idol' may have a fraction of the ratings it did just a couple of seasons ago, but it sure... ■ If you're going to carry a balance for a year or more, you could be better off with a 0% credit card with no annual fee instead of a travel-rewards credit card.

And that's not a bad thing. You haven't needed credit up to this point, and this is the time when most people start worrying about things like credit scores and credit cards.

On the day we were supposed to travel, there were amber weather warnings and we were asked not to drive unless absolutely necessary.

American households have resumed what is now nearly a five year effort to decrease their debt.

Sen. Jeff Merkley, D-Ore., cosponsored a bill Tuesday that would allow students to pay the same interest rate on their federally subsidized Stafford loans as big banks get when they borrow money from the Federal Reserve.

Warren Buffet on bonds: instead of offering risk-free returns, they're providing "return-free risk." Bill Gross says the 30 year bull market in bonds is over.

We live in a day and age where families spend more than they can save: food, clothing, transportation, housing and taxes - in the latter we actually spend the most on.

All students will need to learn to manage their finances, including federal and private loans and credit card debt, sooner than later.

When it comes to credit cards, it is never a smart move to carry a balance because interest charges will extend the time that it takes to reduce your debt.

Elizabeth Warren does great email. One payoff of my pittance of a contribution to her grass-roots funded campaign - I regret not contributing more - is that I am regularly alerted by the new Massachusetts senator to the favoritism of our Congress toward Wall Street.

Robo-signing is in the news again, and in a big way. For one thing, the New York Attorney General's office is suing Bank of America Corp and Wells Fargo & Co for allegedly failing to follow the conditions of the $26 billion settlement over shabby foreclosure practices, which featured the mindless signing of foreclosure documents.

It's commencement season, which is the time when middle-aged crabs like me offer our sage wisdom to you, our graduating young 'uns. We do this not only out of a sense of duty but also because we are deluded enough to think you might pay attention.

While sometimes useful and attractive, analogies can also be misleading and downright harmful.