economy

Drop in Credit Card Defaults Points to Economic Recovery

April 29, 2011

March has proved to be a tricky month in recent years for consumers to keep on top of their credit card payments after holiday shopping trips. This year, delinquency and default rates in March dropped, and the balances that credit card issuers had to charge off as uncollectible declined. Assuring Lows in Credit Card Industry […]

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Consumer Spending Drives Economic Growth

April 21, 2011

The economy has been kicking back into gear, and consumer spending plays a big role in driving this upswing, as it accounts for 70% of the economy. With the recent profit increases credit card companies have seen, it seems consumers are back out there using their cards to make purchases instead of cash or debit […]

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Declining Credit Card Delinquencies Suggest Financial Crisis Recovery

March 23, 2011

Financial experts and economists have been suggesting that the U.S. economy is in recovery, and now the proof may be in the numbers. American consumers have been making more timely payments to their credit card issuers. In February, the number of delinquent and charged off credit loans and accounts were down. In addition to making […]

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