FICO expert shares the No. 1 credit score myth
The average American does a pretty decent job managing their credit. But if you want to boost your credit score, it’s important to avoid falling for a commonly held myth: …
The average American does a pretty decent job managing their credit. But if you want to boost your credit score, it’s important to avoid falling for a commonly held myth: …
Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per …
Who is falling behind on credit card bills These borrowers “may have overextended during the pandemic,” the New York Fed researchers said on a press call Tuesday. Delinquent borrowers are often …
The Federal Reserve left rates unchanged last week and signaled that only one cut is expected before the end of the year. That means anyone who carries a balance on …
Klaus Vedfelt | Digitalvision | Getty Images If you plan to spend money on travel as the days get longer, sunnier and warmer, be careful: It could leave you with …
Americans owe a collective $1.12 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. In line with typical …
Although Americans’ average credit scores recently dropped for the first time in a decade, many appear to be maintaining a relatively healthy score. The average credit score dipped by one …
Americans collectively owe over $1 trillion in credit card debt. But one generation carries the most, on average: Gen X. The average credit card balance for Gen Xers, defined at …
The consequences of missed credit card payments The CFPB found that late fees are often layered on top of other punitive measures credit card companies impose on consumers who miss payments, including negative …
Consumers have been increasingly relying on credit cards to make ends meet, and it may be finally catching up with them. The national average credit score, which has steadily increased over the …