Survey measures stress of holiday credit card debt 
With most of it over, we can now look back over the 2011 holidays, and ask: Was it worth it? Of course, spending time with family and friends is priceless, but the season as a whole comes with a big price, not least, for many, paying for it afterwards. Two November surveys revealed just how stressful the financial aspects of the season are to many Americans.
Credit cards taking the strain…
USAAs third annual holiday spending survey found that 48 percent of respondents were going to use their credit cards to buy holiday gifts (up from 42 percent in 2010), but surprisingly few consumers planned to clear their credit card debt immediately. As the organizations press release put it, Older is wiser when it comes to credit card management. T
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Tags: Card Debt, Credit Card, Credit Card Debt, Debt
Credit card debt nightmare to return? by Peter Andrew 
Its been a long and painful path, but most of us finally seem to be on top of credit card debt. But have we learned our collective lesson?
Credit card debt problems contained…
Two authoritative reports on card debt have been published in the last week, and both contained their share of cheerful reading. The first, from Fitch Ratings, show that charge-off rates (when credit card companies write off debts as noncollectable and pass them on to collection agencies) remain very low. In the third quarter, they averaged, for the top-seven card issuers, 4.53 percent which was down 363 basis points (bps) year over year. T
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Tags: Card Debt, Card Debt Nightmare, Debt Nightmare, Return