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Finance In the News (Page 62)

Follow the latest in personal finance news, product and service reviews, brand profiles and interviews, and other feature stories from industry insiders here at CardRates.com.

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Economic Recovery Partially Fueled by Higher Credit Card Debt

Economic Recovery Partially Fueled by Higher Credit Card Debt

The American economy is slowly recovering as American consumers are starting to shop again. However, a large part of this extra spending is coming from higher credit card debt rather than a... read more »
By: CardRates.com Staff, 8/4/2014
Investigation Finds IRS Credit Cards Used for Inappropriate Purchases

Investigation Finds IRS Credit Cards Used for Inappropriate Purchases

Even the IRS seems to have trouble managing credit responsibly. A government watchdog organization reviewed the IRS’ credit records and found agents were using government credit cards for a... read more »
By: CardRates.com Staff, 8/4/2014
Capital One Profit Boosted by Credit Card Spending

Capital One Profit Boosted by Credit Card Spending

In a sign that consumer spending continues to recover, Capital One Financial reported its second quarter 2013 net profit rose to $1.1 billion. The company is one of the largest credit card... read more »
By: Mike Randall, 8/4/2014
3% of People Use Prepaid Credit Cards When Traveling Abroad

3% of People Use Prepaid Credit Cards When Traveling Abroad

When it comes to trips overseas, travelers still mainly use cash and almost never use prepaid credit cards. According to a new study, 48 percent of travelers reported using local currency to... read more »
By: CardRates.com Staff, 8/4/2014
21% of First-Year College Students Had a Credit Card in 2012

21% of First-Year College Students Had a Credit Card in 2012

A recent study by Sallie Mae showed 21 percent of college freshmen had a credit card in 2012 And among college seniors, the number jumps to 60 percent. While this probably isn’t surprising... read more »
By: Mike Randall, 8/4/2014
Startups Still Heavily Relying on Credit Cards

Startups Still Heavily Relying on Credit Cards

When cash is tight, many new business owners end up turning to their credit cards to help pay the bills, even though they know it’s a risky move. According to a 2012 survey of small... read more »
By: CardRates.com Staff, 8/4/2014
16% of Those Aged 18-29 Had No Credit Cards in 2012

16% of Those Aged 18-29 Had No Credit Cards in 2012

Younger Americans are less inclined to take on debt these days, especially credit card debt. According to a recent consumer analysis from FICO, 16 percent of Americans aged 18 to 29 had no... read more »
By: CardRates.com Staff, 8/4/2014
Toby Sembower