The credit card companies are out with data on May credit card charge-offs, which shows a mixed bag among the different players in the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest rate since 2009, possibly due to loosening lending standards. Get the Full Story Complete the...
As U.S. consumers become more comfortable with carrying higher levels of debt, the biggest credit card companies reported an increase in chargeoffs in their portfolios during the first quarter of 2017. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
U.S. hospitals, balking at paying the bill for millions of Americans who have high deductible plans under Obamacare, are toying with requiring patients to pay up front before their scheduled care and are also offering no interest loans. Get the Full Story Complete the form to...
Navient, the nation’s largest student loan servicer, has touted that it wants to help American borrowers, but based on a recent filing, the company is warning that it isn’t acting in the interest of consumers. Get the Full Story Complete the form to unlock this...
The Department of Education warned in a legal filing last week that more than 550,000 people who signed up for a student loan forgiveness program in which their loans would be erased after ten years of public service, may no longer be valid. Get the Full Story...
Anyone who’s ever been strapped for cash and looking for a small loan to tide them over until payday has likely turned to debt collection businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
There’s the saying that “money is the root of all evil.” One area where most people are likely to believe that’s true is when it comes to the topic of debt. It’s one of the major barriers that keeps people from achieving more in life....
The level of U.S. consumer debt logged in January, measured in the amount outstanding, posted its smallest advance in roughly five years, as credit card balances dropped. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
