Credit Card Debt News

When a surprise price is catagorized within your clapboard, you might not know where to transform.

"Fat, drunk and stupid is no way to go through life," counseled Faber College's Dean Wormer in "Animal House." For the collegiate class of 2013 - until next year the most indebted ever - add "in hock" to that immortal list.

The real culprit is credit card debt, which tends to stifle economic growth of younger Americans, primarily because they pay it off so slowly, the OSU study says.

The Federal Reserve Bank of New York reported that during the first quarter of 2013 U.S. households reduced their debt to the lowest level since 2006.

One third of millennials regret going to college, according to a Wells Fargo study reported by Forbes.

Technically they never left, but now they're being extended to a wider range of consumers with good-to-excellent credit.

Dismissing a veto threat from President Barack Obama, lawmakers in the House passed legislation that links student loan rates to the ups and downs of the financial markets in a vote largely along party lines.

Credit card debt is some of the highest interest debt available to consumers today.

In this Feb. 7, 2011 file photo, Rep. Peter Welch, D-Vt. speaks at a news conference in Barre, Vt.

Credit Yogi would like to provide support with advice on finding personal loans: - Determining the Debt Picture - Finding Companies - Other Avenues to Better or Repay Debt Determining the Debt Picture It's good to map out the debt picture before approaching lenders for loans.

Have you heard the story about the kids who used their mum's credit card details to buy up large online? Or the one about the person who saved all their PINs disguised as phone numbers on their mobile which was then stolen by a thief who saw through the disguise and went on a spending spree? Both were left out of pocket because they breached terms ... (more)

Whether it's by accumulating credit card debt, missing a few debt payments, doing a short sale, or even filing for bankruptcy protection, you may be one of the many people whose credit has been hurt during the weak economy over the past few years.

Credit card debt is as American as apple pie. A good credit line, which translates to the savvy use of credit cards, is necessary to take out a loan or set up a mortgage.

New Mexicans who have federal student loan debt may see their interest rates double unless Congress acts by July 1. But many expect that, similar to last year, Congress will take action just before the deadline, staving off the sharp increases for students who have taken out subsidized Stafford loans, which are federally subsidized and guaranteed ... (more)

A proposal by Sen. Elizabeth Warren, D-Mass., proposal to reduce interest rates on student loans has one big economic backer: Nobel Prize laureate Joseph Stiglitz.

The ability of African Americans to build wealth is hampered by competing financial priorities and lagging ownership of investments, according to a study by Prudential Financial Inc.

Iowa's credit card delinquency rate was nearly the lowest in the nation in the first quarter.

In what is now an annual ritual, a new crop of college graduates has been crowned the most indebted class in American history.

Alabama had the second highest credit card delinquency rate nationwide in the first quarter, according to an analysis by Chicago-based TransUnion.

Student loan debt is a huge problem these days. The total amount of U.S. student loan debt has reached about $1 trillion and the average amount owed is $25,000. Surprisingly, the majority of student loan holders are over 30 years old - which means a lot of people are being limited by their student loan debt .