As world financial markets continue to roil, credit card users may see higher fees, higher interest rates and lower credit limits. Credit card companies are raising rates as high and often as possible in response to the credit crisis, credit counselor Harold Stephenson says. ...more

October 16, 2008

Credit card delinquencies and charge-offs rose in August as consumers struggled to pay off debt amid a slowing economy, according to Standard & Poor's. ...more

October 12, 2008

The Federal Reserve and six major central banks worldwide cut interest rates Wednesday to prevent a financial crisis from becoming a global economic meltdown. The Fed cut its key rate from 2 percent to 1.5 percent. Bank of England cut its rate half a point to 4.5 percent. European Central Bank cut its rate by half a point to 3.75 percent. Central banks of China, Canada, Sweden and Switzerland also cut rates. ...more

October 9, 2008