Latest Consumer Debt & Credit Related News

American Consumer Debt Worsens as Consumers Heavily Rely on Credit Cards (PR Web)

(March 26th, 2007)
A credit union in Kansas city called Boeing Wichita Credit Union has recently launched a new program. Members of this credit union will be able to take out loans of up to 20% of their monthly income up to $500 dollars at an interest rate of 36 percent a year. This differs from payday loan companies who charge an annual interest rate of around 400 percent.

It is tough to qualify for a loan with poor credit. To improve your credit you need to pay your debts first. A debt consolidation loan is useful to improve your credit rating. Once your score is high you can get more credit with lower interest rate. So go for debt consolidation to repair your credit and to be debt free sooner.