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Decades ago, before credit cards became prevalent, it was common for consumers to buy things at their friendly neighborhood store on credit and settle your bills after a month...Similar to the old-time neighborhood stores, Conn's has built up
Americans cut back on using their credit cards in March, suggesting many were reluctant to take on high-interest debt to make purchases. The Federal Reserve says consumer borrowing rose just $8 billion in March from February to a seasonally adjusted $
This post is part of the "Monday Scouting Report" series, a weekly look at the stories and issues that most affect mid-market businesses. "Monday Scouting Report" is sponsored by GE Capital. One Great Jobs Report Won't Prevent The Spring Slowdown : "
Total consumer borrowing rose from a revised $2.780 trillion in January to a record $2.799 trillion in February, the central bank said in a report Friday. Revolving debt, which includes credit cards, edged up at an annual rate of 0.8 percent to $848
I applied for a loan and the lender responded that I was "too close to bankruptcy to qualify for a loan." W.N., Tulsa "If you are close to bankruptcy, your lenders probably already know about it," said Bill Hardekopf, CEO of LowCards.com, a consumer
19 March 2013 A payday lender has been shut down by the Office of Fair Trading for failing to carry out adequate identity checks on loan applicants allowing fraudsters to borrow millions of pounds using stolen or false identities. The regulator also
Between 2007 and 2012, the number of non-farm, non-residential loans of less than $1 million dropped 43 percent, Federal Deposit Insurance Corp...Adjusted for inflation, the value of those loans has declined 23 percent. Those in Washington debate
The Federal Reserve's January G.19 report on consumer credit is out. Total consumer credit outstanding jumped by $16.15 billion, which was ahead of expectations for growth of $14.7 billion. Revolving debt (e.g. credit cards) climbed by just 0.1
After several years in the wilderness, the American consumer is back...A number of economic indicators point to an increase in consumption suggesting that the consumer, who drives much of the U.S. economy, is willing to loosen the purse strings...
Don’t let spontaneity and generosity drain your wallet on Valentine’s Day. February 12, 2013 Between flowers, dinner, cards and even presents, the cost of Valentine’s Day racks up quite a bill and