Credit Card Debt Surges 7% in Q2 2018, Experian Reports
U.S. credit card balances grew 6.6 percent in the second quarter of 2018, compared to the same period in 2017,
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consumer borrowing
Apple, Goldman and Uber Lead Charge to Get Credit Cards in Millennials’ Hands
Apple and Goldman Sachs will offer a new credit card next year, The Wall Street Journal has reported, and more
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Household Debt Hits New High in 1st Quarter 2018, But Credit Inquiries are Down
Household debt, including mortgages, credit cards and auto loans, hit a new peak in the first quarter of 2018, beating
Read moreU.S. Consumers are Borrowing at a Faster Pace, Especially Via Credit Cards
Consumer borrowing has picked up again, now reaching a pace not seen in six months. And Americans are piling on
Read moreMortgage Payments Are Taking Up More of Your Household Income
Currently, buyers can expect to spend 15.8 percent of the median household income on housing each month, up from 14.7 percent a year ago, according to a new analysis from Zillow. That’s the highest level since the second quarter of 2010.
Read moreUber Misled Prospective Drivers About Earnings, Vehicle Financing, FTC Says
Uber, the San Francisco-based ride-hailing giant, has agreed to pay $20 million to resolve Federal Trade Commission charges that it misled prospective drivers about potential earnings, the FTC said.
Read moreNew Amazon-Chase Rewards Card Offers 5% Back on Purchases for Prime Members
It offers a 5 percent back on all Amazon.com purchases, and 2 percent back at restaurants, gas stations, and drugstores.
Read moreU.S. Households Now Average a Near-High $16,000 in Credit Card Debt
The average household with credit card debt is carrying $16,061 in total balances. That’s just short of the high set in 2008, the eve of the financial crisis.
Read moreChase Sapphire Reserve: Here's Why a Card With a $450 Annual Fee is So Popular
The card has some striking benefits, including a 100,000-point bonus after you spend $4,000 in the first three months.
Read moreMortgage Refinancing Soars as Rates Slip Closer to All-Time Lows
Ongoing fallout from the Brexit vote abroad is pushing down U.S. mortgage rates closer to their all-time lows, and as a result, mortgage refinancing applications are surging.
Read moreBrexit's Bright Side: 30-Year Fixed Mortgage Rate Nears All-Time Low
The 30-year fixed-rate mortgage is now only 17 basis points above its November 2012 all-time record low of 3.31 percent.
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