Credit Card Debt News

It's interesting to watch some of the terms bandied about in headline news. For example, the LA Times headline reads S&P says student loan debt could be next financial bubble .

Tax credits, exemptions and deductions range from newer credits for electric cars to a little-used, penalty-free way to give a small but quick boost to your income.

The latest report from the Federal Reserve shows that consumers boosted credit card debt for a fourth straight month in December, following a mostly three-year downtrend.

But if it's a card from Capital One - or Discover, Citibank or virtually any other purveyor of consumer credit - you don't want to get behind on your bill.

With more people enrolling also comes more people who are applying for student loans, and now those loan numbers have reached an all-time high.

Service members and their families are among the Americans who will benefit from a "landmark" $25 billion foreclosure settlement between the government and banks, federal and state officials said today.

When most people think about America's debt problem, they think of the debt of the federal government.

Personal loans fell out of favor during the financial crisis. But they are starting to make a comeback at lenders such as Wells Fargo , Discover Financial Services and TD Bank.

All debt falls into one of three categories: reasonable, toxic and neutral. Reasonable, or good, debt is the result of borrowing money to buy something that has a high likelihood of increasing in value, and in so doing will increase your net worth.

The latest report from the Federal Reserve shows that consumers used their credit cards quite extensively to fund their holiday shopping.

My wife has three credit cards; I am not a cosigner. We were working hard to get the debts paid off.

Student loans are swelling so much that they could threaten the country's financial sector in a manner similar to the mortgage meltdown of a few years ago, warns a report by the National Association of Consumer Bankruptcy Attorneys.

Graduating college students are beginning to come face to face with an estimated $1 trillion worth of student loan debt.

Clark, my husband and I paid off almost $90,000 in cc debt in less than 3 years.

THOUSANDS of people are failing to make any inroads into their credit card debt, despite customers cutting up hundreds of thousands of cards and making efforts to pay off their bills.

Not from this month, or even recently. I assume the 46-year-old Bank of Canada governor has paid his debts and with change to spare.

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Slightly more than 80 percent of bankruptcy attorneys say the number of their potential clients with student loan debt have increased "significantly" or "somewhat" in the past three to four years, according to a survey by the National Association of Consumer Bankruptcy Attorneys.

Student debt is looming as a national problem that could have repercussions reminiscent of the mortgage crisis, says a new report by the National Association of Consumer Bankruptcy Attorneys.

College seniors graduating with student loans in 2010 owed an average of $25,250--a 5% increase from the prior year.