New data shows that as U.S. credit scores hit their highest point since the Great Recession, Americans are also borrowing more than ever. According to Bloomberg, the average FICO score is now at 704, a new record that marks an eight-year streak of increases. Get...
Brett M. Kavanaugh, President Donald Trump’s nominee to the Supreme Court, racked up tens of thousands of dollars in debt purchasing baseball tickets during the past ten years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
For all the press about how millennials are the future of commerce, there is one big and rather problematic roadblock in that narrative. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The severe delinquency rate on private label retail credit cards jumped 57 basis points from March of last year and stands at 4.65 percent, according to Equifax’s latest National Consumer Credit Trends Report. In a press release highlighting the results, Equifax said outstanding balances of $81.7...
The rich are getting richer, at least in terms of household wealth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Credit card companies, faced with an increase in costs associated with rewards and rising loan losses, have become less attractive after years of being one of the most profitable aspects of lending. Get the Full Story Complete the form to unlock this article and enjoy...
New data shows that Americans are on pace to accumulate a collective $4 trillion in consumer debt by the end of 2018. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Small businesses polled by online lender LendingTree expect to see savings as a result of the tax reform bill signed into law late last year, with many planning on using the tax savings to pay down debt. Get the Full Story Complete the form to...
Debt, as measured globally, is at the highest levels ever seen, at an aggregate of $164 trillion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
