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Credit Card Debt Counseling

Welcome to the News View for "Credit Card Debt Counseling".

Here, on these archive pages, you'll find all of the articles on Payments News for Credit Card Debt Counseling listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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April 08, 2014

Headline News from PaymentsNews.com - April 8, 2014

New on PaymentsJobs.com:

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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 07, 2014

Headline News from PaymentsNews.com - March 7, 2014

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Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

November 14, 2013

Headline News from PaymentsNews.com - November 14, 2013

On Twitter:

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Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

September 09, 2013

Fed Finds Revolving Credit in US Shrinks at -2.5% Annual Rate in July

FedThe Federal Reserve's latest G.19 Consumer Credit report is out today and finds that revolving credit in the US was down at an annual rate of 2.5% in July after having increased in several months earlier this year. July's decline follows a 5.2% decline in revolving credit in June.

August 27, 2013

Headline News from PaymentsNews.com - August 27, 2013

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Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

August 07, 2013

Fed Reports Revolving Credit in US Declined in June 2013

FedThe Federal Reserve's latest G.19 Consumer Credit report is out and it reports a 3.8 percent decline (annual rate) in revolving consumer credit - after a near record increase the prior month. The amount of revolving credit outstanding in June was $853.6 billion, down from $856.3 billion in May.

July 31, 2013

Headline News from PaymentsNews.com - July 31, 2013

On Twitter

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Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

July 29, 2013

Headline News from PaymentsNews.com - July 29, 2013

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  • Coming Soon!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

July 08, 2013

Fed Reports Jump in Revolving Credit In May 2013

FedThe Federal Reserve's latest G.19 Consumer Credit report is out and it reports a 9.3 percent increase (annual rate) in revolving consumer credit - the first increase of this magnitude in several years. The amount of revolving credit outstanding in May was $856.5 billion, up from $849.9 billion in April.

July 03, 2013

Headline News from PaymentsNews.com - July 3, 2013

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Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional half day course on Data In Payments - August 8th, also in Half Moon Bay. Join Carol, Scott and Russ for lively, interactive sessions - register now!
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

June 27, 2013

Headline News from PaymentsNews.com - June 27, 2013

On the web:

On the wires:

Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional half day course on Data In Payments - August 8th, also in Half Moon Bay. Join Carol, Scott and Russ for lively, interactive sessions - register now!
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

June 07, 2013

Fed Reports Revolving Credit in US Grew Slightly in April 2013

FedThe latest G.19 Consumer Credit report from the Federal Reserve, published today, shows that revolving consumer credit in the US grew at an annual rate of 1 percent in April to a total of $849.8 billion. DDPChart

April 25, 2013

Chart of the Week: US Unemployment vs Revolving Debt

Last week we looked at PayPal's annual payment volume over the last 10 years and how it's grown. This week's chart is a mashup of the US unemployment rate (the thin blue line - as provided by monthly by the U.S. Bureau of Labor Statistics) plotted on top of the revolving debt statistics (the red vertical bars - as provided monthly by the Federal Reserve).

US credit card issuers frequently talk about how credit card chargeoffs track the unemployment rate. I was curious as to how the absolute amount of revolving debt tracked unemployment. In this chart you can see revolving debt peaking a $1.2 trillion in 2008 before consumers began paying down revolving debt - and issuer's began charging off amounts from consumers who were defaulting on repayment.

Beginning in 2011, unemployment peaked and consumers began slowly adding to revolving debt again as employment began also improving.

Unemployment RevolvingCredit

Have you seen an interesting chart recently that opened your eyes to new insights? Please tell me about it! Email it to me: editor@paymentsnews.com

February 22, 2012

U.S. Credit Card Delinquencies Fall Nearly 5% in 2011

TransUnion logo 140pxTransUnion has announced that "the national credit card delinquency rate (the ratio of borrowers 90 or more days past due) reached 0.78% in the fourth quarter of 2011, a drop of almost 5% from the same period one year ago and continuing well below historical norms. Average credit card debt per borrower increased $239 from the same period last year to $5,204, though it too remains near record-low levels."

February 21, 2012

Americans Owe Less on Their Credit Cards

Equifax logo 140pxEquifax reported today that nearly 60 of the top 100 metropolitan statistical areas (MSAs) hardest hit by credit card debt realized double-digit declines in the percentage of income owed to credit card companies -- up to 24% in some areas.

The reduction in U.S. consumer credit card debt began a steady decline in the fourth quarter of 2010 that continued through the end of 2011, as consumers remained cautious of their spending and focused on deleveraging debt. Consumers owed up to 17% of their income to credit card companies in 2010, according to Equifax's analysis.

August 17, 2011

US Credit Card Delinquencies Hit New Record Low

TransUnion logo 140pxTransUnion has announced availability of its quarterly analyses of credit-active U.S. consumers finding that the "national credit card delinquency rate (the rate of borrowers 90 or more days past due) decreased for the sixth consecutive quarter, dropping to 0.6% at the end of the second quarter in 2011. This is the lowest mark observed in 17 years. Credit card debt per borrower increased $20 in the quarter to $4,699, though it remains near record-low levels."

May 23, 2011

Credit Card Delinquencies Drop Nearly 10%

TransUnion logo 140px"Consumers, in general, are repaying their credit card debt in a timely manner, with delinquency rates in the first quarter of 2011 reaching levels not seen in almost 15 years" according to new data released by TransUnion.

TransUnion's quarterly analysis of trends in the credit card industry revealed that the national credit card delinquency rate (the ratio of bankcard borrowers 90 days or more delinquent on one or more of their bank-issued credit cards) decreased to 0.74% in the first quarter of 2011.

March 29, 2011

Study Finds Consumers Continue Paying Credit Cards Before Mortgages

TransUnion logo 140pxTransUnion released a study that "reveals the divergence in payment patterns -- where consumers are increasingly apt to pay their credit cards before their mortgages -- has now occurred for three straight years. However, for the first time since the deviation began, the percentage of consumers who are current on their credit cards and at least 30 days delinquent on their mortgage payments has declined."

March 02, 2011

January 03, 2011

Lending Club and PerkStreet Financial Launch 'Shred Your Credit Card' Contest

perkstreet_logo_140px.pngLending Club and PerkStreet Financial have announced the launch of a 'Shred Your Credit Card' contest.

The contest inspires consumers to end the cycle of credit card debt once and for all by destroying their credit cards. Rewards of up to $1,000* will go to the contestants who devise the most creative way to destroy their credit cards and share the video. Entries can be submitted and viewed at www.shredyourcreditcard.com.
* All prizes will be paid with Visa Gift Cards, terms and conditions apply.

November 29, 2010

U.S. Credit Card Delinquencies Continue to Fall to 1999 Levels

TransUnion_logo-140px-erin@glenbrook.com,EMc.jpgTransUnion has announced the results of its quarterly analysis of credit card industry trends.

The national credit card delinquency rate (the ratio of bankcard borrowers 90 days or more delinquent on one or more of their credit cards) decreased to 0.83 percent in the third quarter of 2010, down almost 9.8% over the previous quarter. Year over year, credit card delinquencies fell by 24.6%.
TransUnion's analysis also estimates that more than eight million consumers in the U.S. stopped actively using bank-issued, general purpose credit cards over the past year.

September 10, 2010

Federal Reserve Reports Decrease in Consumer Credit

Fed.gifThe US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "in July, total consumer credit decreased at an annual rate of 1-3/4 percent. Revolving credit decreased at an annual rate of 6-1/4 percent, and nonrevolving credit increased at an annual rate of 1/2 percent."

August 25, 2010

Credit Card Delinquencies Continue to Fall in 2Q

TransUnion_logo-140px.jpgAverage consumer credit card balances in the U.S. are the lowest in eight years, according to TransUnion's quarterly analysis of trends in the credit card industry. The 2Q Credit Card Quarterly Statistics show that the national credit card delinquency rate (the ratio of bankcard borrowers 90 days or more delinquent on one or more of their credit cards) decreased to 0.92% in 2Q2010, down 17.1% over the previous quarter. Year over year, credit card delinquencies fell by 21.3%.

August 09, 2010

Credit Card Trends of the Top 20 Major US Metropolitan Areas

experian_logo_140px.pngExperian has released its findings on credit card trends, which provide insight into U.S. card usage. The results show that "New Yorkers lead the way with the highest number of open cards, and Phoenix residents have the fewest. A closer look at New York reveals that while its residents have more open cards, the data shows they aren't using those cards as much as some of the other cities, such as Atlanta, where the highest average monthly balance is $6,753 on revolving accounts. San Francisco and Houston have the lowest average monthly balance, with $5,323 and $5,328, respectively."

August 06, 2010

Federal Reserve Reports Decrease in Consumer Credit

Fed.gifThe US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "Consumer credit decreased at an annual rate of 3-1/4 percent in the second quarter. Revolving credit decreased at an annual rate of 9-1/2 percent, and nonrevolving credit was about unchanged. In June, consumer credit decreased at an annual rate of 3/4 percent, revolving credit decreased at an annual rate of 6-1/2 percent, and nonrevolving credit increased at an annual rate of 2-1/2 percent."

July 09, 2010

Federal Reserve Reports Decrease in Consumer Credit for May

The US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "Consumer credit decreased at an annual rate of 4-1/2 percent in May 2010. Revolving credit decreased at an annual rate of 10-1/2 percent, and nonrevolving credit decreased at an annual rate of 1-1/2 percent."

March 22, 2010

The CARD Act and Credit Counselers

In an article titled "A Less-Noticed Challenge in the CARD Act", Maria Aspan writes for the American Banker about a provision included in CARD Act that recently took effect requiring credit card issuers to "refer cardholders to federally sanctioned counseling agencies." Aspan writes that "now that issuers have to comply, many are doing what they can to avoid creating the impression of favoritism."

February 03, 2010

More Consumers Making Payments on Credit Cards Before Mortgages

A new study by TransUnion confirms that the "new" payment hierarchy -- where consumers pay their credit cards prior to their mortgages -- is continuing, with the trend occurring more readily than ever before. READ MORE »

October 16, 2009

A Look at US Credit Card Issuer Losses

In an article titled "Credit-Card Losses Underscore Challenges Facing Lenders", Aparapjita Saha-Bubna writes for the Wall St. Journal on the financial results reported by major US credit card issuers - noting that "the latest numbers indicate that consumers continue to struggle amid high joblessness, as delinquency rates, a key gauge of future losses, continue to rise for most card issuers."

October 13, 2009

Equifax Details Credit Trends as Consumers Save, Cut Credit Cards

Equifax_logo-140px.jpgConsumers continue to fight the recession by saving more and paying off debt, banks are responding with more careful lending, and stressed homeowners increasingly are falling behind on mortgages on their primary residence, according to the latest Equifax Credit Trends Report for September 2009. READ MORE »

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