Americans cut back on using their credit cards in March, suggesting many were reluctant to take on high-interest debt to make purchases. AP  According to the Federal Reserve, Consumer borrowing rose just $8 billion in March from February to a seasonally adjusted $2.81 trillion. It was the smallest increase in eight months. Is this a […]

According to an AP report “A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments.” That same report stated that “The percentage of mortgage holders at least two months behind on their payments fell by 21 percent in the first three months […]

A class-action lawsuit against the three major credit bureaus made headlines when a federal appeals court threw out a proposed settlement, but more noteworthy is that the suit itself led to major improvements in how they generate consumer credit reports. In the lawsuit, thousands of U.S. consumers allege that Equifax, Experian and TransUnion were issuing […]