Not long ago, DailyFinance’s Hugh Collins — a 28-year-old, Dublin-born U.S. resident — had yet to experience a truly American phenomenon: owning a credit card. Once he finally secured one, though, he quickly discovered the im…
Discover Financial Services posted a fiscal third-quarter profit that fell less than analysts had expected. Sales from its eponymous credit card grew 5% from a year earlier as falling interest rates spurred more usage and as mo…
Four of the top six credit card issuers reported an increase in the number of debts they they wrote off as uncollectable in August. But there were a few positive signs as well.
Continue reading Uncollectable: B…
Credit card use plunged for the sixth straight month in July, with total consumer debt falling by $3.6 billion, or 1.75%, the U.S. Federal Reserve announced Wednesday.
Continue reading U.S. Credit Card Use Fell…