CFPB Investigating Credit Card Late Fees and Penalties
Credit card companies make a large percentage of their profits from fees and penalties. The CFPB has begun investigating if they're higher than legally allowed.
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Understanding the Rate Hike Impact on Your Debt and Savings
The Federal Reserve just raised interest rates again this year. We explain the rate hike impact on loans, credit cards, and saving products.
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Understanding Common Credit Card Fees
Rules and regulations concerning common credit card fees are constantly changing. Stay up-to-date on the latest fee news and choose your cards wisely.
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U.S. Consumer Debt Breaks Records in the Pandemic Aftermath
Consumer debt has risen to record levels, fueled by mortgages and credit cards. One of those is good debt, the other isn’t. Here’s what to do about it.
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What Happens After Forbearance or a Payment Deferral?
Getting a payment deferral or forbearance can be a lifesaver, but there are some things you need to know to protect your credit and avoid financial issues.
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Experts Respond: How Should People Handle Debt after a Loss of Income?
As millions of Americans try to deal with income losses amidst coronavirus shutdowns, we asked 21 experts for their tips on how people should handle debt.
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Consolidated Credit Establishes COVID-19 Financial Help Hotline
Consolidated Credit has established a free COVID-19 debt hotline for consumers facing challenges during the shutdown. Call for 800-745-2513 for support.
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Overspending for Credit Card Rewards You Never Use
Studies show that consumers use charge more to earn credit card rewards, but often never do anything with them. Find tips for refining your credit strategy.
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New FICO Credit Score Changes: Some Will Soar, Other Will Crash
Learn how the latest credit score changes with FICO 10 will affect people who are working to pay off credit card debt, and those using consolidation loans.
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Consumer Credit Card Debt Breaks Records… Again.
It’s official. Consumers ended 2018 with a record $870 billion in credit card debt. If you have high balances to pay, Consolidated Credit has some advice.
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A Snapshot of Credit Card Debt by State in 2019
Total debt and the number of delinquent accounts are both climbing. We look at average credit card debt by state and offer tips to eliminate debt.
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5 Good Reasons to Call Your Credit Card Company
A credit card company wants your business, so they’re usually willing to give you certain money-saving perks for sticking with them. Learn how you can turn customer loyalty into more credit card rewards, cut annual fees and lower interest rates.
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Two Major Creditors Scale Back on Customer Credit Card Limits
Credit card companies set credit card limits based on your score, but your credit limit may also change for other reasons. Here’s what you need to know.
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Millennials’ Biggest Source of Debt Might Surprise You
You might think that most Millennials struggle the most with student loans, but a new study reveals that their biggest source of debt is credit cards.
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Are You on a Yo-Yo Diet of Debt Repayment?
Americans paid off $40.6 billion of debt in the first quarter but added $30 billion back in the next. Are you on a yo-yo diet of credit card debt repayment?
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Understanding the Effects of Missed Payments
If you have credit cards, the impact of missed payments can be massive. Here’s what you can expect for budget and credit if you miss a credit card payment.
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Reducing the High Cost of Credit Card Debt
Consumers pay over $100 billion every year on credit card interest charges and fees. We explain how to minimize the high cost of credit card debt.
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Do You Know Your Annual Interest Rates?
Half of credit card users that carry at least one credit card balance don’t know their annual interest rates, which means they’re probably overpaying.
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Are Gas Cards Still a Good Value in 2018?
As gas prices increase and interest rates on gas cards rise, is it still wise to use a co-branded gas credit card to fill up? Some experts say no.
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74% of Americans are Getting Married with Debt
Three out of four couples will use credit to finance their wedding, with an average price tag of $33,391. We explore why getting married with debt is a fast way to ruin your relationship and offer tips on how to enjoy a debt-free wedding.
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One More Good Reason You Don’t Need Credit
For more than two decades, attractive rewards programs have been a big reason that many consumers turn to credit cards at checkout. But as banks scale back credit card rewards and increase debit card rewards, this trend may be changing.
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Is There a Tie between Student Loans and Credit Health?
Is there are correlation between student loans and credit health? A new FICO study suggests that although student loan borrowers don’t always have bad credit scores, having student loans may make overcoming financial challenges much harder.
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When is the Right Time to Retire Old Credit Cards?
20 million people haven’t changed their primary credit card in 10 years, but are old credit cards effective or is it time for an update? Learn what to do with old accounts to avoid credit damage.
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Can You Afford the Cost of Debt?
Another interest rate hike by the Federal Reserve means that the cost of debt for consumers just got higher again. WalletHub has revised their map of cities with the most and least sustainable credit card balances. Can you still afford to pay off your debt in a cost-effective way or do you need debt relief?
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