credit cards

5 surprising stats about credit

Credit card stats that may surprise you
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Man shopping online with a credit card

If you've read many articles about credit, you've likely come across some sensational pieces about credit score trends, credit card fees and credit card debt in America.

Studies on credit card use, debt and credit scores don't always support the speculations and anecdotes. Read on for five surprising statistics about credit.




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Product Rate Change Last week
Balance Transfer Cards 15.71%  0.02 15.69%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
Credit cards on a table

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Credit Card Blog

Jeanine Skowronski

CFPB: Lender distorted credit reports

The Consumer Financial Protection Bureau has an eye on credit reporting issues. The agency took enforcement action against auto financer First Investors Financial Services Group Inc. Wednesday for distorting consumer credit records for years. Per the CFPB, First Investors, which lends primarily to subprime borrowers, failed to fix known flaws in a computer system that  ... Read more

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