Articles tagged in consumer debt

05.09.11

All You Need to Know About Credit Scores

Alex Gutow

When was the last time you checked your credit score? Your credit score describes how well you can manage debt and is used by banks to rate how risky you are to loan money to. An excellent credit score can save you thousands of dollars of interest over time while a poor credit score can prevent you from getting loans

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02.25.11

Americans Dumping Debt

Samantha Eckles

Americans have reduced their credit card debts significantly since the CARD Act became law in 2009. Credit card companies are now forced to refrain from adding any unnecessary penalties and excessive fees. Consumers are also protected from arbitrary interest increases and due date gimmicks. Here is how Americans have been dumping their debts since the CARD Act. click to enlarge

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10.14.10

How Many Credit Cards Are in Your Wallet?

Stan Reybern

As a double-edged sword, the credit card can be a convenient financial tool that helps you make purchases, but when used irresponsibility, credit cards can also quickly become your worst financial nightmare.

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04.22.10

Demystifying Credit Cards and Consumer Debt

Stan Reybern

Here is a visual look at the credit card situation in America, which when paired with the poor economy and high unemployment rate, has arguably reached the crisis level.

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09.29.09

The Collapse of Personal Savings Rate in America

Jonathan Rivers

This year’s dramatic shift in the economy found many Americans without a ‘rainy day’ fund.  Millions of Americans lost their jobs and saw their 401(k) wiped out. It is unsurprising then to see that the trend of personal savings rate has been on a fast-pace decline since the mid 1980′s, reaching decade-low levels in recent years. The following graphic shows

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