Late payments on credit cards are at their lowest level in 15 years, TransUnion says. The credit reporting agency said Tuesday that Nationwide, the rate of payments 90 days or more past due on bank-issued cards dropped to 0.74 percent ...

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Credit was once defined as “man’s confidence in man.” But in fact, the definition of credit today is more like “man’s confidence in himself.” Using credit today means you have confidence in your future ability to pay that debt. Forty ...

Tagged with: credit credit card debt Gary S. Williams gary williams interest interest rates loans

Installment debt is not a bad thing. It enables us to make major purchases that would be nearly impossible to finance up-front. The problem is, in this consumer society, we’re bombarded with advertisements for literally thousands of “must-have” products. The ...

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WASHINGTON — Washington Redskins defensive tackle Albert Haynesworth has been charged with misdemeanor sexual abuse. A grand jury in Washington indicted Haynesworth on the charge Tuesday. The 29-year-old Haynesworth is accused of fondling a server while at the rooftop lounge ...

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NEW YORK — JPMorgan Chase & Co. reported a 67 percent jump in first quarter earnings Wednesday on solid growth in investment banking fees and a drop in losses in its credit card portfolio. The New York bank earned $5.6 ...

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WASHINGTON — Consumers borrowed more in January to purchase new cars but were once again frugal with their credit cards, offering a mixed sign of their confidence in the economy. Borrowing rose 2.5 percent, or by $5 billion, the Federal ...

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WASHINGTON — A Social Security tax cut that economists say should help the economy this year is off to a slow start. Consumers increased their spending last month at the weakest pace since June, even with the extra money in ...

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WASHINGTON  — The Supreme Court says a credit card company legally increased the interest rate on a man’s card without telling him. The high court on Monday ruled for Chase Bank USA and against James A. McCoy. McCoy complained that ...

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Americans are starting to get their household finances in order. In an encouraging round of earnings reports, major banks say fewer mortgages are going bad, credit card defaults are down and more people are paying the bills on time. One ...

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BRENTWOOD — Council members in a Maryland town are investigating debit card charges made by the mayor and treasurer of Brentwood. Councilwoman Marlene Robinson says more than 50 “questionable” charges have been made since January without notifying the council. Robinson ...

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