Have you checked your credit score lately? If not, you may be in for a surprise. According to a report released by the Associated Press, 25.5 percent of Americans or 43.4 million people, have been deemed poor risks for having credit scores of 599 or below on the FICO scoring model. Between high unemployment and limited access to credit, many consumers will find it increasingly difficult to ...

Following a $14.9 billion drop in April, this represents a decline for the fourth consecutive month.

WASHINGTON (MarketWatch) -U.S. consumers shed some of their debt for the fourth month in a row in May, the Federal Reserve reported Thursday. Total seasonally adjusted consumer debt fell $9.15 billion, or a 4.5% annualized rate, in May to $2.42 trillion. Economists expected a decline. The series is very volatile. April consumer credit was revised sharply lower to a decline of $14.86 billion ...

Consumer credit card balances plummeted by $8.5 billion in April, marking a record 19th straight month of decline, according to data released Monday by the Federal Reserve.

The British Pound slipped to a fresh yearly low of 1.4479 during the overnight trade as the U.K. election failed to generate a majority vote for the first time since 1974, and the uncertainties surrounding the outlook for future policy could drag the currency lower going into the North American trade as the stalemate weighs on the prospects for a sustainable recovery.