Credit And Debt News

2:06 PM EST
1/17/2012 Consumer credit card debt downConsumers decreased their credit card debt by 11 percent last year, with the average debt load declining in every state. The average credit card balance was $6,576 in 2011, down from $7,404 the previous year.

Source:AHN Topics:Economy, Business And Finance, Financial And Business Service, Personal Finance, Macro Economics, Credit And Debt

9:49 AM EST
12/5/2011 American credit card use on the riseCredit card use in once again on the rise among consumers as banks use enticing methods to get customers to use them more often over debit cards.

Source:AHN Topics:Economy, Business And Finance, Consumer Goods, Electronic Commerce, Macro Economics, Credit And Debt

9:47 AM EST
11/9/2011 Stocks in the U.S. fell sharply Wednesday following a plunge in European marketsU.S. stocks opened down Wednesday following a plunge in European markets.

Source:AHN Topics:Economy, Business And Finance, Market And Exchange, Macro Economics, Credit And Debt

2:26 PM EST
11/7/2011 Wealth gap between young and old at record highThe wealth gap between the young and old is at a new record.

Source:AHN Topics:Economy, Business And Finance, Macro Economics, Credit And Debt, Social Issue, Poverty

1:56 PM EDT
11/4/2011 Cuban economic reform allows private home salesThe Cuban government made a move this week to cast off its hard line communist policies with an announcement that its citizens can now buy and sell real estate.

Source:AHN Topics:Economy, Business And Finance, Macro Economics, Mortgages, Credit And Debt, Politics, Government, National Government

1:28 PM EDT
11/3/2011 Average student loan debt clinbs to new highThe average student loan debt has climbed to a new high of $25,250.

Source:AHN Topics:Education, University, Economy, Business And Finance, Macro Economics, Credit And Debt

8:22 AM EDT
10/21/2011 European leaders set new summit to break deadlock over eurozone debtEuropean leaders will hold another summit next week to break the deadlock between France and Germany over a solution to the zone’s debt problem. The second meeting is slated not later than Wednesday.

Source:AHN Topics:Economy, Business And Finance, Macro Economics, Credit And Debt, Politics, Diplomacy, Summit

5:53 AM EDT
10/20/2011 Outstanding student loan debt to exceed $1 trillion in 2011According to the Federal Reserve Bank of New York, Americans now owe more on student loans than on credit cards.

Source:AHN Topics:Education, University, Economy, Business And Finance, Macro Economics, Credit And Debt, Financial And Business Service, Market Trend

7:40 AM EDT
10/19/2011 Third credit rating downgrade for Spain in 13 monthsIn a span of just a little over one year, Spain has suffered a third debt rating downgrade from Moody’s Investors Service. The rating agency on Tuesday cut Madrid’s rating by two levels to A1 from Aa2.

Source:AHN Topics:Economy, Business And Finance, Macro Economics, Credit And Debt, Politics, Government, National Government, Finance

7:39 AM EDT
10/18/2011 Bailout fund support may cause France to lose top credit ratingMoody’s Investors Service warned France on Monday that it may lose its top AAA credit rating because of Paris’s support for the bailout fund and the country’s weakened finances.

Source:AHN Topics:Economy, Business And Finance, Macro Economics, Credit And Debt, Politics, Government, National Government, Financial And Business Service, Investment Service