Consumers Paying Credit Card Debt Instead of Mortgages



Consumers Paying Credit Card Debt Instead of Mortgages (via Credit.com)

The latest Credit Risk Index from the credit monitoring bureau TransUnion recently found that consumer credit risk rose at the end of last year for the first time since 2009, and a major driving factor in that uptick was delinquency on mortgage payments, according to a report from Your Money Matters…

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Creditinfocenter Releases Android Credit Repair App



Creditinfocenter Releases Android Credit Repair App (via PR Newswire)

PHOENIX, April 18, 2012  /PRNewswire/ — Credit Info Center, the leader in online personal finance self-help information, announces the release of a free credit repair Android app. The app allows users to browse through the process of credit repair, divided into 4 easy-to-understand steps. The new…

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Lenders See Dollar Signs in Your Data



Lenders See Dollar Signs in Your Data (via Credit.com)

In the past, lenders have seen a considerable amount of value in convincing consumers to take on credit card debt and carry it from one month to the next. But now, as borrowers shift their habits, lenders are looking for new ways to find value in those accounts. One way in which one of the nation’…

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Portuguese banks borrow record amount from ECB



Portuguese banks borrow record amount from ECB (via AFP)

Banks in bailed-out Portugal borrowed a record amount from the European Central Bank in March, against a backdrop of rising debt in a sharply slowing economy, official data showed on Monday. The banks’ ECB borrowings jumped to 56.3 billion euros ($73 billion) last month from 47.5 billion euros at end…

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