Credit Card Defaults, Balances, Debt, Credit Limits, and Collections in the Third Quarter of 2025
Despite concerns, credit card delinquency rates show improvement During the period of easy money, credit card delinquency rates dropped significantly. However, after that era came to a close, rates spiked, peaking in early 2024 before beginning to decline again. Delinquency rate over 30 days The Federal Reserve reported today that outstanding credit card balances across […]
Jeffrey Gundlach cautions about issues in the private credit market
Billionaire investor Jeffrey Gundlach has expressed concerns about emerging issues in the rapidly growing private credit market in the U.S., describing it as the “Wild West” of finance. He drew a parallel with the unregulated collateralized debt obligation (CDO) market that preceded the 2008 financial meltdown. As the founder and CEO of DoubleLine Capital, Gundlach—often […]
BECU reveals intention to partner with credit union in California
BECU Merging with California Credit Union BECU announced on Tuesday that it is merging with SAFE Credit Union, based in Folsom, California, which marks its first expansion into that state. This merger will combine their resources to serve a total of 1.8 million members and operate over 80 locations under the BECU name, amounting to […]
How a Visa-Mastercard legal settlement might result in your rewards credit card being declined
Visa and MasterCard Proposal for Settlement in Legal Dispute NEW YORK (AP) — Visa and MasterCard are working on a settlement in a lengthy legal battle with merchants and retailers over transaction fees for card acceptance. This settlement might significantly change how customers use their Visa and Mastercard credit cards, possibly leading to some consumers […]
Merchants’ ‘win’ against credit card fees will only make things more complicated for them.
Local Businesses and Credit Card Fees: A Complicated Relationship Is it really okay to grab a new shirt from a friendly little shop down the street? Well, you might want to brace yourself for an extra 2.5% financing fee just because you’re using a credit card. Eating out at a local diner? You might face […]
A Single Dad Has $140,000 In Credit Card Debt With Interest Rates Reaching 32%. Dave Ramsey Host Asks, ‘Can You Bring Your Child Along When You Do DoorDash?’
Single Father’s Debt Struggle A single father in Los Angeles, named Dave, reached out for help after discovering “The Ramsey Show” just days before his call. He shared that three years ago, he faced a major crisis that resulted in accumulating $140,000 in credit card debt. “No regrets,” he said, emphasizing he’d make the same […]
Iowans are unsure about the extension of the ACA tax credit.
Iowans Face Uncertainty Over ACA Tax Credit Extension A Senate vote on the potential extension of the Affordable Care Act’s premium tax credit expansion looks uncertain, according to experts. Clay Thomas, an assistant professor at Iowa State University’s Department of Business and Entrepreneurship, mentioned, “I’d say it’s relatively unlikely that these grants will be extended.” […]
Investigation into credit card spending by Daytona Beach officials
Concerns Over Public Spending in Daytona Beach Daytona Beach City Hall is raising questions about the use of public funds. City Commissioner Stacey Cantu recently came across some questionable charges on a city-issued credit card, known as a P-Card, and has called for an investigation to determine who is using the card and for what […]
Review of the Capital One SavorOne Cash Credit Card: Complete information
Capital One SavorOne Card Overview The Capital One SavorOne Cash Rewards Credit Card is an affordable choice with cash back benefits focused on dining, entertainment, and grocery purchases. While other cashback cards may offer higher rewards, SavorOne is a good option for those with limited credit histories looking to earn in popular categories. Card rating*: […]
Implications of the Visa and Mastercard legal settlement for your rewards credit card
Settlement Affects Credit Card Swipe Fees This week saw the announcement of a settlement that concludes a long-standing dispute involving Visa, Mastercard, and the fees associated with credit card transactions. Every time a consumer uses a credit card, retailers and service providers incur “swipe” fees. Typically, these fees are around 2% or more per transaction, […]