Economy, Credit Cards | featured news

The nation's largest mortgage lender said revenue from mortgage banking jumped almost 80% and consumers borrowed more on their credit cards. But it called the economic recovery uneven.

Are you filling Santa's bag this year using paper or plastic? Millions of Americans will trim the tree this year with a credit card balance still left over from last year. Don't let this be you. It virtually guarantees you aren't saving enough to protect against the many uncertainties in the economy. And chances are, if you're charging up your credit cards, you also aren't investing enough in your retirement and education funds to make sure the future is secure.

Soaring unemployment and a shrinking economy drove delinquencies on credit card debt to an all-time high in the first quarter.