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.