In a recent episode of Caleb Hammer’s Financial Audit YouTube podcast, 62-year-old Ted said his financial situation around credit card debt makes him feel like he just started his career with no retirement life in sight. Ted has a master’s degree and works as a retail manager, earning £17 ($21) per hour. When Caleb highlighted … Read more
According to a report by the Federal Reserve Bank of New York, credit card debt in the United States has reached $1.13 trillion. Justin Sullivan/Getty Images) Credit card debt in the United States have surged to their highest level since 2010, causing experts to forecast more financial pain ahead. Industry data collected by BankRegData showed … Read more
A surprising team-up is brewing between US Senator Bernie Sanders and President-elect Donald Trump on a long-standing issue that kept millions of Americans in debt for years while hampering their ability to save and grow money. During his campaign, Trump suggested temporarily imposing a 10% limit on credit card interest rates to allow people to … Read more
New Delhi: As the festive season saw robust growth in India across all parameters, credit card spending crossed Rs 2 lakh crore in October, a 14.5 per cent rise from September. According to the latest data by the Reserve Bank of India (RBI), credit card spending in October reached Rs 2.02 lakh crore, up 13 … Read more
US Senator Marco Rubio, who could be the first Latino to serve as Secretary of State under President-elect Donald Trump’s administration, has a history of financial missteps that have come under the spotlight repeatedly over the years. Despite his role as a prominent political figure, Rubio’s handling of his finances—from questionable credit card practices to … Read more
In a viral TikTok video, Miami-based car expert Jayden Bloom voiced his shock over what he called the “worst car deal” he’d ever encountered. The video reveals Bloom’s reaction to a woman who, thrilled with her new car purchase, disclosed that she had bought a Toyota Camry with zero downpayment. Yet, the real shock lay … Read more
South Africa has made a groundbreaking leap in digital finance, becoming the first country to benefit from Mastercard’s new real-time card payments system. This initiative, a first for the global payments giant, aims to boost financial efficiency by allowing banks to process transactions instantly. With this new system, merchants in South Africa will experience quicker … Read more
National Public Data (NPD) sources personally identifiable data from public and court records as well as other repositories to provide online background checks and fraud prevention services. The company confirmed several weeks ago that it suffered a data breach involving 2.9 billion records dating back at least three decades. According to a class action lawsuit … Read more
Business TD Bank was ordered by a U.S. regulator on Wednesday to pay nearly $28 million US for repeatedly sharing inaccurate, negative information about its customers with credit reporting agencies, potentially tarnishing customers’ credit score. Bank provided inaccurate information about customers to credit reporting agencies Thomson Reuters · Posted: Sep 11, 2024 10:42 AM EDT … Read more
Alyse Benoit, 39, always received financial help from her late dad and 64-year-old mother, no matter the situation. Her stepdad passed away last year, and now the widowed mother ensures she has affordable housing for her kids with bills like internet and utilities taken care of. Over the years, Alyse’s mother gifted her cash and … Read more
