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We analyze banks and credit unions…. very carefully

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Introduction

Category: Consumer Debt

Category: Consumer Debt

What is in Your Wallet Can Cost a Small Fortune

Posted on: January 30, 2023 January 30, 2023 Written by: BauerFinancial
According to WalletHub, the average credit card rate for new offers is now over 21%. Store Card rates are trending even higher, with some as high as 30%! Yet, after paying down credit cards during the worst of COVID, consumers…
Continue reading “What is in Your Wallet Can Cost a Small Fortune”…
Person sinking in debt with a life raft in the water

Control Your Debt Before It Controls You

Posted on: November 7, 2022 November 7, 2022 Written by: BauerFinancial
As we watch with contentment as CD rates continue to rise,  we know there is also an unmistakable down-side to the Federal Reserve’s persistent rate increases. If it hasn’t already, it will soon be making its debut in a wallet…
Continue reading “Control Your Debt Before It Controls You”…
We Analyze Banks & Credit Unions ...very carefully

U.S. Consumers May be Nearing a Tipping Point

Posted on: September 23, 2022 September 23, 2022 Written by: BauerFinancial
Coral Gables, Florida, September 21, 2022:  BauerFinancial, Inc., the nation’s premier Bank and Credit Union rating firm, sheds light on the fact that early-stage consumer delinquencies are beginning to head up. While the more severe delinquent loans are holding at…
Continue reading “U.S. Consumers May be Nearing a Tipping Point”…
Image of a house tipping over onto a dollar sign

The (Mortgage Refinancing) Party is Over

Posted on: June 27, 2022 June 22, 2022 Written by: BauerFinancial
With a 1.5% increase in short-term interest rates in a three month period, the mortgage refinancing party is effectively over. Yet, total household debt (including mortgage loans) increased by $266 billion in the first quarter 2022. Balances, now at $15.84…
Continue reading “The (Mortgage Refinancing) Party is Over”…
Consumer Loans Applications left blank

Can Consumer Loans Withstand Rate Rises?

Posted on: June 13, 2022 June 15, 2022 Written by: BauerFinancial
We had hoped to have credit union data and star-ratings available this week, but the NCUA made so many changes to the reporting this quarter, the data didn’t come out until Tuesday (June 7th). So while our analysts comb over…
Continue reading “Can Consumer Loans Withstand Rate Rises?”…
Banks wioth High Credit Card Income

What Constitutes an Unconscionable Interest Rate?

Posted on: January 31, 2022 February 2, 2022 Written by: BauerFinancial
After last week’s article on banks with high service fee income, we wanted to take a look at how some other banks make their money. Particularly after mentioning that Capital One is a credit card bank, we wanted to see…
Continue reading “What Constitutes an Unconscionable Interest Rate?”…
Paying Down Credit Card Debt

Credit Card Debt Lessens as Quality Improves

Posted on: October 18, 2021 October 18, 2021 Written by: BauerFinancial
It’s nice to have something positive to report. U.S. banks have been reporting a steep decline in credit card usage since the end of 2019 (see below). Not only that, but as you will see, the quality of those credit…
Continue reading “Credit Card Debt Lessens as Quality Improves”…

Loan Balances Grow for 1st Time Since Last June

Posted on: September 13, 2021 September 22, 2021 Written by: BauerFinancial
After a year of belt-tightening, loan balances at our nation’s banks grew slightly ($33.2 billion  or 0.3%) during the second quarter of 2021. In spite of banks’ eagerness to lend, loan balances remain well below (1.2%) the levels of the…
Continue reading “Loan Balances Grow for 1st Time Since Last June”…
Consumer Loans at US Banks

Consumer Loan Growth Bucks Trend at Some Banks

Posted on: August 16, 2021 August 18, 2021 Written by: BauerFinancial
During the last nine months of 2020, many Americans took advantage of government stimulus and forbearance on mortgage loans to pay down (or off) personal debt. As a result, from March 31, 2020 to March 31, 2021 the banking industry…
Continue reading “Consumer Loan Growth Bucks Trend at Some Banks”…

Cautious Consumers Cut Credit Card Consumption

Posted on: February 2, 2021 February 2, 2021 Written by: BauerFinancial
Since the pandemic began, not only are Americans cutting back on new credit card purchases, many consumers have been working to lower their balances. At the end of 2019, credit card balances at U.S. banks stood at over $941 billion.…
Continue reading “Cautious Consumers Cut Credit Card Consumption”…
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Bank and Credit Union data compiled from financial data for the period noted, as reported to federal regulators. The financial data obtained from these sources is consistently reliable, although; the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc. BauerFinancial relies upon this data in its judgment and in rendering its opinion (e.g. determination of star ratings) as well as supplying the data fields incorporated herein. BauerFinancial, Inc. is not a financial advisor; it is an independent bank research firm. BauerFinancial is a registered trademark. Any unauthorized use of its content, logos, name, and/or Star-ratings is forbidden.

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