February 17th, 2010
Wednesday Trends in Credit Cards & Debt
Across the credit card industry, delinquencies and charge-offs for major issuers trended upwards in January. Capital One reported its credit card delinquencies rose for the second month in a row, from 5.75% to 5.80% since December. Meanwhile, charge-offs– past-due credit card debt that can no longer be collected– rose from 10.14% to 10.41% in December. Tips to help you steer clear of stress and risk of delinquency with the following debt reduction articles and credit card news in today’s roundup.
Credit Card News
- Join CNN Money in its countdown to credit card changes.
- The Chicago Tribune takes a critical look of the upcoming changes and sees plenty of wrinkles with new credit card laws.
- My Two Dollars blogs on 5 ways to wipe out your credit card balances once and for all.
- The future of plastic, MSN Money reports, is in 5 credit trends that includes credit card issuers looking beyond credit scores when considering an applicant.
- Credit card limits for youth can be opportunity for parents, reports The New York Times.
Debt News
- DIY Debt reduction programs: 3 affordable ways to beat debt from The Digerati Life.
- The Smarter Wallet offers a useful tool to calculate your debt to income ratio.
- Try debt leveraging by creating more than one stream of income, suggests Rich Credit Debt Loan, with debt decisions like real estate and small investments.
- Check out this inspiring story of how one family paid off $90,415 of debt in two years, from Trees Full of Money; it may motivate you to reduce your own debt burden.
- Drive away from your car debt, blogs Debt Reduction Formula.
Related posts:
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- Wednesday Trends in Credit Cards & Debt A recent survey asked risk managers from U.S firms to gauge future consumer credit availability in the next three months....
- Wednesday Trends in Credit Cards & Debt Reuters reports that credit card charge-offs at major credit card companies are decreasing. Three out of five U.S companies reported...
- Wednesday Trends in Credit Cards & Debt Big banks may be getting the biggest backlash yet: general public anger over taxpayer bailouts, big bonuses for bankers, and...
- Wednesday Trends in Credit Cards & Debt Consumer credit levels have up and down results at the start of 2010. On the one hand, overall consumer credit...
Great update on what’s what in the credit card world.. Thanks!