Whether it’s by accumulating credit card debt, missing a few debt payments, doing a short sale, or even filing for bankruptcy protection, you may be one of the many people whose credit has been hurt during the weak economy over the past few years.
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More People Paying Off Credit Card Debt
In an unprecedented shift, for a lot of consumers, having a credit card in good standing appears to have taken priority over having a roof over one’s head, credit experts said. Join the rest in reducing credit card debt. Click here for more information. While overall consumer debt rose unexpectedly in January 2010, consumers continued [...]
The Latest Effects of the New Credit Card Laws
Five ways you will save money: 1) Your interest rates won’t go up too fast. Stack this benefit with proven methods to reduce credit debt. Under the new law, promotional interest rates are required to last at least six months for existing accounts. For new accounts, your interest rate will stay the same for the [...]
Lenders Monitoring Credit Cards
Credit card companies are watching, and compiling, what borrowers are spending their money on and where they shop. Having problems reducing credit card bills? The purpose is to calculate who may be a credit risk and methodically weed them out of the mix. If consumers use their credit cards at secondhand clothing stores, or discount [...]
Swamped in Credit Card Debt
Americans are swamped in credit card debt. A recent report shows that the average American family has over $8,000 in revolving debt and 43 percent are spending more than they earn each year. Feeling overwhelmed with credit card debt? Check out this strategy to reduce it! Eliminating credit card debt is a good option if [...]
Seven Steps To A Better Credit Score
Posted by News1255 on May 23rd, 2013
How to Make Sense of a Credit Card’s Terms and Conditions
Posted by News1255 on May 23rd, 2013
[Read: A Guide for Credit Card Newbies.] While it’s up to you as the consumer to make sense of the fine print, you can avoid most of the grunt work by asking issuers the right questions. What’s considered a late payment … books online from a store …
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Should we Charge our Customers to use Credit Cards?
Posted by News1255 on May 23rd, 2013
He says there are pros and cons to establishing a minimum purchase for credit card transactions. “Credit card rates from Visa and MasterCard generally include a per-transaction fee,” Bertke said in an email. “So, if a particular card type …
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Credit-card option that travelers should avoid
Posted by News1255 on May 22nd, 2013
The difference between what they charge me and what they actually pay is where they make their money.” Put differently, your credit card could represent a slow, unexpected money leak from the moment you cross the border until you come home.
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Credit-card option that travelers should avoid
Posted by News1255 on May 22nd, 2013
You swiped your card while on vacation, your bank changed the money from pesos or euros into greenbacks, and the amount you spent appeared on your bill. Maybe you paid a small conversion fee, but you also got a competitive exchange rate.
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Credit Card Delinquencies and Debt Open 2013 With Declines
Posted by News1255 on May 22nd, 2013
The TransUnion quarterly analysis of credit card performance also examines origination rates, which are evaluated one quarter in arrears to account for the reporting lag of new accounts. In Q4 2012, new credit card originations dropped 1.6% relative to Q4 …
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9 hot credit card scams to watch out for
Posted by News1255 on May 21st, 2013
Bad credit? Part 2 In another twist on the “bad credit, no problem” script, the card is actually a secured credit card. Unlike legitimate versions, the fact that it’s secured is buried in the promotional fine print or omitted, and these scam versions sport …
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Schnucks credit-card breach could cost $80 million just in Illinois
Posted by News1255 on May 21st, 2013
Schnucks is one of the largest privately held companies in St. Louis, employing nearly 11,000 in the area, and nearly 15,000 total. Revenue last year was about $2.5 billion.
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Understanding your credit card contract: A 5-step guide to the small print
Posted by News1255 on May 21st, 2013
In the UK, credit card providers have to provide all the important information about a credit card in form of a “summary box.” Originally introduced in 2003, the summary box has been regularly upgraded and should be included in all marketing and pre …
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Credit Card Debt Causes People to Forgo Medical Care
Posted by News1255 on May 21st, 2013
Credit card debt may not make you sick, but new evidence suggests that it could slow your recovery — or worse. A study conducted by sociologists at the University of Michigan found that people who are ill and do not seek treatment because of …
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