Last April 2010, we wrote about the steady reduction in credit card debt by the American Consumer. The trend continues. According to the Federal Reserve, Fourth Quarter 2009 credit card consumer debt was at $894.0 billion; fourth quarter 2010 credit card debt was $826.7 and Feb 2011 numbers stand at $792.1 billion. So what’s causing [...]
Entries Tagged as 'New Credit'
Consumer Debt Still on the Decline
April 29th, 2011 · No Comments · Consumer Debt
Tags: Consumer Debt·Credit card debt·damaged credit·debt consolidation·Debt Settlement·Federal Reserve·New Credit
What Goes into Your Credit Score?
November 19th, 2008 · 1 Comment · Credit Reports
I get asked this question a lot: “If I do X, how many points will my credit score go up?” The truth is, no one knows EXACTLY, except for the creator of the FICO score, Fair Isaac and the creators of the other scoring system, VantageScore. VantageScore was created by the credit bureaus in an [...]
Tags: Amounts Owed·Credit History·Credit Score·Fair Isaac·New Credit·Payment History·Vantage Score
