Consumers putting their money in different places now

Hand Putting Deposit Into Piggy Bank

A recent report from credit giant TransUnion took a look at where people are now putting their money and had some interesting findings.

Credit card delinquencies lowest in nearly two decades

Personal Finance News

Consumer delinquency rates saw significant drops in the fourth quarter (Q4) of 2012, led by a drop in credit card delinquencies to the lowest level seen in nearly two decades.

Alaska residents have highest credit card debt in nation

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Residents of Alaska had the highest average credit card debt in the country in the fourth quarter (Q4) of 2012, TransUnion said in a recent report.

Mississippi residents have highest credit card delinquency rate

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Mississippi residents had the highest credit card delinquency rate in the nation in the fourth quarter (Q4) of 2012, TransUnion said in a recent report.

Consumer credit card debt rises, as does delinquency rate

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Consumers piled up more credit card debt and also paid late more often in the fourth quarter (Q4) of 2012, TransUnion said in a recent report.

Credit scores increasing across the nation

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The number of consumers with credit scores in the subprime category dropped year-over-year, with improvement seen in many metropolitan areas, Equifax revealed in a recent report.

Northern California cities top the chart with highest credit scores

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Two metropolitan areas in northern California ranked highest in a recent study conducted by TransUnion that revealed metropolitan areas with the highest and lowest credit scores.

Credit card delinquencies at lowest point in nearly two decades

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Consumer delinquencies fell in the third quarter (Q3) of 2012, led by a large drop in bank card delinquencies, the American Bankers Association (ABA) said in a recent report.

Smartphone payments will overtake credit cards, but not just yet

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A majority of Americans believe that smartphones will replace credit cards for payment transactions in the future, but not quite as many are ready to adopt this technology just yet.

Majority believe that smartphone will replace credit cards

Personal Finance News

Nearly two-thirds of Americans believe that smartphones will overtake credit cards for payment transactions, the results of a Harris Poll revealed recently.