credit card payments

More Consumers Charge It: Discover Earnings Beat Expectations

Discover Financial Services posted a fiscal third-quarter profit that fell less than analysts had expected. Sales from its eponymous credit card grew 5% from a year earlier as falling interest rates spurred more usage and as more merchants started accepting the card.

House or Food? Consumers Protect Their Credit Cards

Several data points this week confirm an ominous new trend among desperate consumers: They have stopped paying their mortgages but they're continuing to pay off their credit cards so they can keep buying staples, like food.