Since the recession, the number of young consumers across the country who are living without credit cards has doubled. Instead, many are opting to use debit cards.
If you’re not smart with spending, or you want to keep a close eye on your child’s allowance, there’s a product growing in popularity that may be perfect for you.
Americans increased their borrowing in May at the fastest pace in a year. Borrowing in the category that includes credit cards reached its highest point since the fall of 2010.
The Fed says one in five consumer have an error on their credit report. Five percent had an error serious enough to lead them to pay more to borrow to finance a house or a car.
Federal agents in four states - including New Jersey – arrested 13 people today for allegedly creating thousands of phony identities that were used to steal more than $200 million in merchandise and cash.