Revolving Interest Tops $1 Trillion: Blame the Economy, Not Your Credit Card Banker
Today’s read comes from the Wall Street Journal, which wonders, “What’s Behind $1 Trillion in Credit Card Balances.” The article's ...
Tag: credit card debt
Amid Volatile Economic Changes, Issuers Must Be Ready to Adapt
Although the latest numbers indicate that consumer credit card spending continues to grow, mounting consumer debt is following suit. It ...
Optimizing Debt Collection at Financial Institutions
Debt collection requires a lot of technical support. Given that a typical debt collection case load comprises 100 accounts per ...
Broken Record? Credit Card Metrics Surge Again
We recently mentioned a new record on the average credit card interest rate hitting 19.04%. Now comes another high point: ...
Race and Credit Scores: It is a Social Issue, not a Scoring Issue
Any lender worth their salt does not care about race, religion, national origin, sexual orientation, or marital status. Lending is ...
Collection Agencies and Credit Cards: Clear Boundaries Make Sense
There comes a point where the cost of collections exceeds the probability of repayment. Some sophisticated credit card issuers do ...
U.S. Household Debt by Type:
Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left of your screen to ...
CFPB and Credit Cards: Proceed with Caution
A post at the CFPB blogsite indicated that the regulator would soon be reviewing the inner workings of the credit ...
Inflation: 7% Rates Will Haunt CC Users and Bring Risk to Credit Quality
Credit cards help consumers get through their everyday needs. No matter where you are on the economic spectrum, you can ...
Child Tax Credits & Credit Card Debt: A Funky Trend, but Take It as a Win
Since the early days of COVID, the United States Census Bureau amped up its wide range of analytic tools. The ...
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