This is partly due to increased use of credit cards, resulting in higher consumer borrowing. This has offset slower growth figures in auto and student loans. Consumer borrowing rose by $14 billion, the Federal Reserve recently reported. It is believed that improvements in the labour market will boost consumer confidence,…

In the months following the holidays, many companies are offering numerous credit card deals. You can achieve a good credit rating by managing your credit cards well and avoiding some costly credit card mistakes 1. Focusing on freebies It may be time to rethink if you should get that credit…

For many people, the holidays can result in a lot of debt. Reports estimate that the average American spent $805 on gifts. To many people, the new year brings extra motivation to tackle debt. In the bid to do this, many consumers reach out for 0% balance transfer credits. When…

Walter Cavanagh of Santa Clara, Calif., is currently the Guiness Book of World Records title holder as “Mr. Plastic Fantastic”. Cavanagh has 1,497 valid credit cards which adds up to $1.7 million in available credit. He owns a custom wallet (which he does not carry around) that is 250 feet…

An individual’s credit scores affects whether they can receive loans and how strict the lender will be about repaying the loan. Albuquerque residents have the scores that fall in the bottom third of all US states. According to credit rankings released by the website WalletHub, residents have an average score…

According to Mercator Advisory Group, using cards that make automatic deductions from a checking account is at a seven year low in young adults. There’s been no change in usage numbers for most of the general population. However, the difference is small. 59% of the American population use debit while…

Lenders use your credit score to determine whether or not they will lend you money for car loans, a credit card, a mortgage, etc. It also determines how much interest you’ll pay. In 2016, more than ever before, three credit scores will be more important. In December, the Federal Reserve…

Millions of Americans could be affected by having incometax refunds stolen. Would credit freezes or alerts help? Identity theft is a real and growing risk for taxpayers. A fraudster could file a fradulent taxreturn in your name, meaning the person could steal your refund. Although tax payers usually get their…

Financial problems are something most people go through, and that can affect your credit score. Sometimes it’s hard to repair your credit after filing bankruptcy or even just getting behind on some bills. Here are seven steps to help you repair your credit. Check your credit report by getting a…

Modern technology and finance seem to go hand-in-hand. In today’s world, traditional business models are old and outdated. To stay up to date, businesses and owners need to utilize modern technology, such as mobile, social and big data, to thrive this digital market. Financial officers in a modern market have…