Credit Card Debt

Credit card debt at an 8-year low
The amount of credit card debt consumers are carrying dropped to an eight-year low and delinquencies continued to decline in the second quarter as consumers looked to shore up their savings.

Credit card debt is hitting banks
Banks have written off a record amount of credit card debt despite charities reporting a fall in calls from worried borrowers.

Credit Card Debt Relief and Consolidation Programs Helping Many Today
SAN FRANCISCO, CA--(Marketwire - 09/01/10) - Credit card debt relief and consolidation programs are today helping many individuals and families to lower their credit card debt, consolidate into a single and much more affordable program payment, and establish a road map for getting out of debt. During this era of economic uncertainty, it's becoming increasingly more common for people to find ...

Credit card debt falls to lowest level in 8 years
NEW YORK — The amount consumers owed on their credit cards in this year’s second quarter dropped to the lowest level in more than eight years as cardholders continued to pay off balances in uncertain economic times. Credit card - Debt - Personal Finance - Business - Financial services

Settle Credit Card Debt: Is It Possible?
Total Debt Relief Explains How in Certain Situations Credit Card Debt Can Be Settled and What Debt Relief Programs Assist in the Effort

ReadyForZero Wants To Help You Get Control Of Credit Card Debt
Credit card debt is a serious issue for Americans, who have an average of four credit cards each. Defaulting on credit card bills can result in damage to your credit score and even bankruptcy. Y Combinator -backed ReadyForZero is launching today as easy to use web-based platform to help guide consumers out of credit card debt. The site asks you to import your credit card information, including ...

U.K. Credit-Card Debt Write-Offs Reach Record $3.2 Billion, Times Reports
U.K. banks and building societies wrote off a record 2.1 billion pounds ($3.2 billion) of credit- card debt in the second quarter, 70 percent more than in the first, the London-based Times reported, citing Bank of England figures.

New rules restrict credit counselors
The North Platte Telegraph We've all seen the ads, we've received the phone calls. Buried in credit card debt? Want to settle what you owe for pennies on the dollar? Falling for the pitch of companies who promise to help you pay off your debt can cost hundreds of dollars and leave consumers facing the same amount of debt. It's called "front loading," and the Federal Trade Commission is going to ...

Credit card debt lowest in eight years
Recent numbers show Americans are carrying the least amount of credit card debt since 2002. But is it necessarily a sign the economy is turning around?

Credit Card Debt on the Decline
Credit card debt in the United States is down for the first time in eight years.