Personal Finance News - Debt

Over the last few months, the topic of student debt has been hotly debated as lenders report an increase in not just loan balances, but also delinquencies in this category of lending.

Reports published by the Federal Reserve earlier this month indicate that consumer credit card debt has fallen for the second month in a row.

Following a comprehensive investigation, one of the leading credit card companies in the United States has been stopped in their tracks when it comes to persuing delinquent cardholders.

Credit card users seem to be getting better at managing their outstanding balances during the past year even though spending on those accounts has grown as well.

An odd sequence of new offers on credit cards have suddenly started to arrive in the mailboxes of people who have had past problems with their credit history, such as delinquencies and defaults, says some news reports published recently.

According to the latest data from the Federal Reverse, the consumer debt jumped to its highest in the decade in November near the start of holiday season.

An already slumping house market has been a source of alarm for the economists for a long time now.

A new report which was issued this month has revealed that although the jobs market may be set to recover, credit remains uncertain for younger American consumers.

A new study carried out by the New York Federal Reserve Bank claims that American consumers are on the whole fairly ignorant about how much debt they are actually carrying.

The Federal Trade Commission has issued some new guidelines, effective 29 August 2011, which are intended to standardize how debt collection agency behave when trying to claim debts from relatives of the recently deceased.

TransUnion recently released data analysis which shows that consumers are desperately working to reduce their credit card debt, with the majority of consumers paying more in credit card repayments than they are spending on new purchases.

Debt can weigh heavily on the minds of American consumers in a number of ways. There is a great deal of psychology behind debt.

A large number of nonprofit organizations across the United States are preparing to launch a new program which will help underprivileged consumers to build a credit score in order to avoid the costs which often arise as a result of …

A recent study into so called money rules has shown that while some of the things we accept as fact are true, many of them should be avoided.