Personal Finance Advice and Commentary

Tuesday, June 07, 2011 2:35 pm
By Marcie Geffner · Bankrate.com

More consumers are reducing their credit card debt and staying current on their credit card payments, judging by a new analysis of TransUnion credit records. The average total debt per user dropped $286, or 5.8 percent, to $4,679 in the first quarter of 2011 from $4,965 in the fourth quarter of 2010. The most recent

Monday, April 04, 2011 10:30 am
By Lucy Lazarony · Bankrate.com

Americans are putting their credit card bills first. Consumers are paying their credit card bills before they pay their mortgages, according to a study from TransUnion, one of the major credit reporting agencies. The percentage of consumers who are 30 days late on their mortgages and current on their credit cards rose to as high

Friday, April 01, 2011 8:42 am
By Marcie Geffner · Bankrate.com

Once upon a time, say, before the recent housing crisis, homeowners made every possible effort to make their monthly mortgage payment, even if that meant they couldn’t meet other financial obligations. Now, however, there’s a new payment priority in which many homeowners choose to let the mortgage slide into delinquency and default while they continue

Monday, February 28, 2011 10:14 am
By Lucy Lazarony · Bankrate.com

Fewer Americans are falling behind on their credit card bills by 90 days or more. The national credit card delinquency rate decreased to 0.82 percent in the fourth quarter of 2010, a decline of almost 32 percent from 2009, according to quarterly report released by TransUnion, a national credit reporting agency. “From a delinquency perspective,

Monday, November 22, 2010 12:02 pm
By Lucy Lazarony · Bankrate.com

Struggling to make the minimum payments on your credit card debt? Contact your card company for help. A credit card company may agree to reduce your interest rate or lower the minimum monthly payment on your credit card debt for a few months. And some credit card companies may even agree to a more affordable repayment

Wednesday, November 17, 2010 12:17 pm
By Lucy Lazarony · Bankrate.com

Worried about what will happen to your credit card debt if you are injured or unemployed? Payment protection plans offered by credit card companies promise to take all those worries away but for a hefty price. Some plans offer to pay your minimum monthly payments, suspend your minimum monthly payments or even cancel your minimum

Monday, November 15, 2010 11:35 am
By Lucy Lazarony · Bankrate.com

Lingering credit card debt got you down? These simple but effective pay-down strategies will help you chip away at even the most stubborn credit card debt. Pick and choose the tips that work best for you. Pay off the credit card balance with the highest APR first. This strategy makes the most financial sense. The card

Monday, November 08, 2010 11:26 am
By Lucy Lazarony · Bankrate.com

As a credit card customer, you’ve played your cards right. You moved a hefty credit card balance to a new card with a rock-bottom rate on balance transfers. And you’ll be paying next to nothing in interest on that balance for many months to come. And now it’s time to get serious about your credit