Credit card debt sets a record: Is that good or bad?

September 20, 2017 Bob Sullivan 0

US consumers broke through quite a barrier earlier this year, when total credit card debt topped $1 trillion for the first time since the Great Recession. Then in June, total credit card debt reached $1.021 trillion, besting the previous record set back in April 2008, just as the Great Recession began. […]

Finally: Feds say credit scores should be free to all

February 27, 2014 Bob Sullivan 0

A high-ranking government official is urging banks to give consumers a free, regular peek at their credit score, a step that could revolutionize the relationship that Americans have with their credit.  It’s time that happened. Today, many consumers confuse credit reports and credit scores, and are equally confused about what […]

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