It's good news for our personal economies, but it means we're not spending as much to prop the economy as a whole.
Some states are stepping up their plans to regulate the debt collection industry. Consumer advocates say the moves come at a time when Federal protections are weakening.
Consumers have been carrying this economy. That may be harder if they're behind on their bills.
The average rate is just over 17 percent, and it's expected to keep going up.
With wages and incomes up, more Americans say they are saving for a rainy day. But it might be wiser to use the money to pay down debt. Marketplace’s Aaron Schrank explains. Click the audio player above to hear the full story.
People who have credit card debt in America carry, on average, about $11,000 of it. A new study from Creditcards.com tells us that people in southern cities have the highest credit card debt burden, particularly in Texas. Click the audio player above to hear the full story.
The economy is ticking along and investors seem confident but a new report from Creditcards.com has some sobering findings. It says two out of three Americans with debt aren’t confident they’ll ever be able to fully pay it off. Click the audio player above to hear the full story.
It could become harder to pay off.
Credit card defaults are rising as lending standards have started to fall from the early post-recession days — that’s according to a new report by the credit rating agency Moody’s. The report shows even with unemployment at low levels, those charge-offs have increased significantly for some U.S. lenders, exceeding expectations of a modest rise. […]