A wave of short sales is helping ease the number of completed foreclosures and soon may outnumber sales of bank-owned properties, or REOs, in some states, according to the real estate site RealtyTrac. Foreclosure ...

The national credit card delinquency rate, measuring loans 90 or more days past due, dropped to 0.73 percent in the first quarter of 2012, from 0.78 percent in the previous quarter, according to the credit bureau ...

The combined percentage of loans in foreclosure or at least one payment past due was 11.33 percent in the first quarter, a 120-basis point decrease from last quarter and 98 basis points lower than a year ago. This ...

One debt collection operation is boasting about a “revolutionary” approach to higher recoveries: just be nice to consumers. In its first five months of implementation, Baltimore-based Access Receivables said ...

Now more than ever you should be careful whom you accept as a Facebook friend. It seems debt collectors are using social media to track their targets. They can even set up a bogus profile and friend you to get your ...

First and second mortgages and auto loans saw a decrease in default rates for the third consecutive month in March, according to the S&P/Experian Credit Default Indices. Even the default rate with the fourth ...

The 572,928 foreclosure filings for the first quarter of 2012 marked the lowest total since the fourth quarter of 2007, according to RealtyTrac’s quarterly update. The total for first quarter 2012 filings was ...

Consumers were more likely to pay their auto loans before their credit cards and mortgages in 2011, according to an update to a study by the credit bureau TransUnion. The so-called “Payment Hierarchy” update ...

Discover Financial Services said its first-quarter profit surged 36 percent, bolstered by a 7 percent jump in Discover card transactions and record low delinquencies and charge-offs. Customers swelled card and other ...

U.S. household net worth – the difference between the value of assets and liabilities – was $58.5 trillion at the end of 2011, about $1.2 trillion more than at the end of the third quarter. Household wealth’s ...