U.S. consumers reducing credit card debt, but credit scores not improving

Monday, January 17th, 2011

If there’s anything positive about the economic downturn, it’s news that Americans are continuing to reduce their credit card debt. Credit Karma reports that average consumer credit card debt levels fell by about $1000 between January 2009 and now, which puts average credit card debt at about $6400. While ...

Credit Card Debt and Rewards Programs

Sunday, July 18th, 2010

Paying off credit card debt could result in you being bombarded with new credit card offers. Some credit card companies have increased marketing efforts for their cards or introduced  new rewards programs or other incentives. Discover Financial Services, for example, recently said marketing expense for the third quarter ...

Wipe out Credit Card Debt, Fund Savings

Friday, July 9th, 2010

People who are working to pay off credit card debt often dream about the things they may be able to buy once they have paid off their bills. But a good debt reduction plan doesn’t erase monthly payments just so you can go out and buy more stuff. ...