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May 16, 2018

Credit Card Usage Hits All-Time High

Credit card use is higher than ever, debt levels are their highest in years, and delinquencies have ticked up, according to recently released TransUnion data.  “With […]
May 7, 2018

Auto Loan Delinquencies Drive Higher

Auto loans to customers with subprime credit ratings (FICO scores below 620) are risky affairs. During good times and endless cheap money, the high interest rates […]
May 3, 2018

Big Banks Stealthily Back Subprime Loans

Despite tough new regulations aimed at lowering risk for banks, large financial institutions continue to find a way to finance subprime loans.  Big Wall Street banks […]
April 26, 2018

Rising Rates Sound Alarm for Debt-Laden Consumers

Americans have a history of loading up on debt in good times, then paying dearly when the bills come due. Adding to the pain: A booming […]
March 21, 2018

Auto Finance Delinquencies Level Off; Volume Up

Serious auto finance delinquencies (60 days or more past due) “plateaued” in the fourth quarter, remaining relatively flat at 1.43% as compared with the prior-year quarter, […]
March 15, 2018

What is Synthetic Identity Fraud?

The use of synthetic identities is causing more credit card losses than ever. However, the rate of growth of this type of fraud is slowing, according […]
February 2, 2018

Buying a Home is Low Priority for Debt-Ridden

Credit score damage is a chief regret among consumers, but among financial goals it impedes, buying a home lies further down the food chain than other […]
January 22, 2018

Credit Card and Second Mortgage Defaults Spike

Default rates in second mortgages and bank cards rose notably in December, suggesting consumers are having trouble managing increased spending.  The second mortgage default rate climbed […]
January 3, 2018

Best and Worst States for Consumer Credit Scores

Consumer credit varies nationally due to regional variations in income and the cost of living.  According to a new study from LendEDU and Experian, the Northeast […]