Banks continue to cut credit lines, even for people with almost perfect credit histories. Stacey Vanek-Smith talks to one couple caught in their bank's blanket credit policy.
Sabrina Reigel moved to Southern California and didn't have any friends, so she spent some time shopping — and racked up $40,000 in credit card debt. She tells us how she got out of it with her sanity intact.
Identity theft can be both frustrating and costly for the victims. Reporter Stacey Vanek-Smith visits one couple who is still trying to put their credit back together after eight years of identity theft.
After Sioux Falls got rid of its credit card interest rate limits, financial giants moved in and brought thousands of jobs to the city. But with defaults soaring, the job market has tanked. Stacey Vanek-Smith reports.
South Dakota a financial powerhouse? It's not what immediately comes to mind. But you can thank this unlikely finance hub for your sky-high credit card interest rates. Stacey Vanek-Smith explains.
There used to be a time when Americans frowned upon going into debt. But historians say that changed nearly 100 years ago. Stephen Smith looks back on how our debt-driven society hit the gas with General Motors.
"Gossip Girl," "Privileged," and "The Hills" are some of the TV shows that glamorize wealth. But next year's TV lineup may reflect more of our economic reality. Stacey Vanek-Smith reports.
With consumer credit-card debt climbing, banks are shifting marketing strategies to get their plastic in the hands of more financially stable customers. Stacey Vanek-Smith reports.
