Millennials Are Stressed About Money, But They Are Saving
A recent report found that 84% of Millennials are confident about money and are focused on their finances, but they're also experiencing a lot of financial stress. In fact, 41% reported feeling...
View ArticleLowCards.com Weekly Credit Card Update–November 6, 2015
How Your Voice Can Protect You from Credit Card Fraud That call to your bank is being recorded for more than just "quality assurance purposes." Some banks are using voice biometrics and other...
View ArticleMillennials are More Loyal to Gas Discounts than Brands
Millennials are more willing than Baby Boomers or Generation X consumers to switch retailers (78%) or brands (55%) to earn fuel savings, according to a new study, "The Roads to Rewards: What Drives...
View ArticleLenny and Dwolla Combine to Help Millennials Get Credit
Today, Lenny, a micro lending mobile application focused on Millennials, and Dwolla, a bank transfer network, announced they are joining forces to create a micro lending program to help potential...
View ArticleMillennials View Their Finances in Some Surprising Ways
The Capital One Millennial Mindset on Money Survey revealed some surprising information about how finances impact decisions for Millennials. 13% of respondents said that being bad with money is a deal...
View ArticleFacebook Shows How Millennials Dislike Debt, Avoid Credit Cards
A new study from Facebook IQ shows just how much Millennials despise debt. The assessment revealed that 43% of Millennials say paying down debt is their top financial priority, while 38% of Millennials...
View ArticleLowCards.com Weekly Credit Card Update–February 12, 2016
The IRS Says Identity Thieves Hacked Its Systems Again Identity thieves attempted to breach computer systems at the Internal Revenue Service to file fraudulent tax refunds. The criminals were...
View ArticleNearly One-Fifth of Millennials’ Salaries Spent on Student Loan Repayments
College graduates with student loans spend nearly one-fifth (18%) of their salaries on student loan payments, according to new research from Citizens Bank. 60% of these graduates, aged 35 and under,...
View ArticleMillennials Confident They Can Make It Financially
Even though Millennials face serious economic obstacles, including student loan debt, unemployment and stagnant wages, they are the most confident generation when it comes to “making it” financially....
View ArticleOnce Millennials Are Denied Credit, They May Not Be Back
Millennials may give up on obtaining credit once they’ve been declined. In fact, 6 in 10 will not apply for credit for at least a year following a denial, according to a recent study from ID Analytics....
View ArticleLowCards.com Weekly Credit Card Update–October 28, 2016
Credit Card Scammers Flock to Online Shopping Just like legitimate shoppers, criminals are buying more goods and services online with credit cards. The rate of online card fraud is rising sharply as a...
View ArticleWhy Millennials Avoid Credit Cards and Bank Accounts
Millennials spend, store and save their money differently than members of other generations. The world is transforming to a cashless society, but that is not the only factor that is pushing Millennials...
View ArticleQvivr Stops Selling Swyp All-in-One Cards to Launch New Product Geared toward...
Qvivr, makers of the all-in-one card Swyp, recently raised $5 million in Series A funding to launch a new product designed specifically for Millennials. According to an interview between Venture Beat...
View ArticleZestFinance Helps Millennials Get Financing
ZestFinance announced the release of its Zest Automated Machine Learning (ZAML) Platform for credit underwriting. ZAML, which was created to help Millennials and those with a limited credit history get...
View ArticleFewer Millennials Taking Out FHA-Backed Loans
Millennials are taking out fewer FHA-backed mortgage loans, according to the Ellie Mae Millennial Tracker. While 63% of all closed loans were made to Millennial borrowers, only 32% of FHA-backed loans...
View ArticleLowCards.com Weekly Credit Card Update–August 11, 2017
America’s Credit Card Holders are $1 Trillion in Debt The amount Americans owe on their credit cards has hit a new high at just over $1 trillion, according to Federal Reserve data, topping the previous...
View ArticleMasterCard Turns Its Focus to Millennials
MasterCard’s Chief Financial Officer Martina Hund-Mejean said the company is turning its attention to Millennials. This generation of adults is making a shift from debit cards to credit cards, and...
View ArticleLowCards.com Weekly Credit Card Update–August 18, 2017
One Major Way U.S. Credit Card Debt Is Getting Worse Americans are increasingly delinquent on their credit card debt. Credit card delinquencies have increased in recent months. Some 4.4% of credit card...
View ArticleLowCards.com Weekly Credit Card Update–October 6, 2017
Equifax Breach Caused by Lone Employee’s Error, Former CEO Says The Equifax data breach, which exposed the sensitive personal information of nearly 146 million Americans, happened because of a mistake...
View ArticleGeneration Z Visits Bank Branches More than Any Other Generation
Members of Generation Z are finally entering adulthood. They now represent the 18-21 year olds in most studies and surveys. Despite this group’s experience with technology and cashless spending, new...
View Article