Business

Americans in Debt

Shocking report declares 77 million U.S. citizens in debt by Ashley Montgomery Special to the NNPA from The Miami Times It is no secret that Americans have some serious issues when it comes to debt. A recent report released by the Urban Institute titled, “Delinquent Read More

Business

U.S. Consumer Credit Up, But Credit Card Usage Down

(Reuters) – U.S. consumer credit rose more than expected in August, but a third straight month of decline in credit card usage was consistent with recent tepid consumer spending. Total consumer credit advanced by $13.63 billion to $3.04 trillion, Federal Reserve data showed on Monday. Read More

Op-Ed

Credit Card Debt Drops to $850 Billion

By Charlene Crowell NNPA Columnist In a recent report to Congress, the Board of Governors of the Federal Reserve System shared the progress accomplished in lowering the nation’s credit card debt. By the end of 2012, cardholder debt was lowered to $850 billion, a significant Read More

Business

Tips on How to Negotiate Your Credit Card Debt

[Black Enterprise] Credit card debt continues to rise. According to recent Federal Reserve data, revolving consumer credit increased at an annual rate of 2%. Non-revolving credit increased by more than 7%. Here’s the good news: if you’re struggling to pay down credit card debt, you can Read More