In this update to our May 2020 report examining the effects of the COVID-19 Pandemic on credit applications, we find that credit card inquiries were still 30 percent below their pre-pandemic levels in September, while auto loans were depressed by 20 percent.
We use the Bureau’s Making Ends Meet survey to study whether financially vulnerable consumers have turned to credit card debt during the coronavirus pandemic. We find that credit card debt fell even for consumers who were financially vulnerable before the pandemic.
This report explores the prevalence of actual payment information in consumer credit reporting. Quarterly Consumer credit trends reports focus on a specific consumer financial product or issue using a longitudinal, nationally representative sample of de-identified credit records maintained by a nationwide consumer reporting agency.
La deuda de tarjeta de crédito durante la pandemia del coronavirus: opciones de alivio y consejos para manejarla
Si debido a la pandemia del coronavirus no puede pagar su tarjeta de crédito, llame a la compañía emisora y pregunte si cuentan con alivio financiero. Le ofrecemos consejos sobre qué preguntarles y cuáles pueden ser sus opciones.
If you can’t pay your credit card bill because of the coronavirus pandemic, call your credit card company and ask about financial relief. We have tips on what to ask and what your options may be.
Consejos para que se mantenga al día con sus finanzas durante la pandemia del coronavirus, particularmente si no ha perdido sus ingresos o no ha tenido grandes gastos.
Tips for staying on top of your finances during the coronavirus pandemic, particularly if you’ve dodged income loss or major expenses.
The CFPB is publishing the 2019 College Credit Card Report and releasing updated data the public can access and examine.
En estas fiestas, usted seguramente recibirá más de una oferta para abrir la tarjeta de crédito de alguna tienda. Claro, la oferta de un 20 por ciento extra, o de cero intereses si lo paga completo, puede sonar muy tentadora, pero puede tener un precio. Tenemos 6 consejos a seguir para que disfrute de los beneficios y reduzca los riesgos.
This holiday season, extra discounts with a store credit card may sound tempting, but they can come at a price. Enjoy the benefits but reduce risky credit card debt with these 6 tips.
You might have heard that LIBOR is going away. Here’s what you need to know about LIBOR and adjustable-rate loans.
LIBOR is expected to be discontinued sometime after 2021. Here is information to help consumers understand this market-wide change.
The CFPB offers four tips to help you avoid credit card fraud and protect your information.
The analysis shows that about two thirds of actively used credit card accounts carry a revolving balance. Once consumers begin to revolve, they do so continuously for about 10 months on average, with approximately 15 percent revolving continuously for two years or more. The longer a balance is revolved, the higher the chances that the consumer will continue to revolve a balance.
If you’ve hit a financial rough spot (and think you might miss a credit card payment) contact your creditor as soon as possible. Most will work with you to find a repayment plan that suits your current situation.
Your credit reports and scores can have a major impact on your financial opportunities. Our new credit booklet can help you better understand your credit reports and scores, learn how to correct inaccuracies, and improve your credit record over time.
If you manage someone else’s money, a new law lets you request a credit freeze on their behalf to help protect them from identity theft and fraud.
New research report detailing how borrowers are paying off their student loans, what they do after, and what it might mean for their personal finances and the broader economy.
Aggregate credit card borrowing exhibits end-of-year seasonal patterns which vary across different sets of consumers
This report finds that aggregate end-of-year consumer credit card borrowing roughly follows end-of-year retail expenditure patterns, with consumer borrowing experiences differing across consumers with different credit scores and different credit card utilization rates at baseline.
Spring cleaning isn’t just for decluttering your home – you can also
take advantage of the changing seasons to clean up your finances.
9 problemas financieros comunes después de un desastre natural y lo que puede hacer para enfrentarlos
Asistencia para aquellas personas que tienen dificultades financieras
luego de un desastre natural, incluyendo información acerca de cómo obtener
ayuda y de cómo trabajar con bancos y prestamistas para solucionar sus
If you were affected by RushCard outages in 2015, you could receive compensation.
Help for people struggling financially after a natural disaster, including information on how to get help and ways to work with banks and lenders.
Taking time to plan ahead before the holidays is one way to manage your holiday spending and stay on track.
CFPB sends letters to financial institution CEO’s encouraging more consumer control over payment methods
Last week, Director Cordray sent a letter to the CEO’s of several banks, credit unions, and financial companies encouraging them to enable consumers to exert greater control over their credit cards, debit cards, and other payment methods.
Many people fall behind because they can’t afford to make monthly debt payments on top of their daily living expenses. You’re not alone. Here are some steps to help you get a handle on debt.