The shopping season is approaching and many consumers are choosing to use their debit cards instead of a credit card this Christmas season. But despite their apparent safety, there are a few precautions you need to take to make sure that you don't end up in credit card debt despite avoiding credit cards this Christmas. [...]
According to an article in Forbes, as study conducted by the Pew Charitable Trust found that credit cards offered by credit unions may offer lower rates and cheaper fees than their bank issued counterparts. The article said: "The study found that the median advertised interest rates for credit cards issued by the nation's 12 largest [...]
Unless you've been living in seclusion these past couple of months you've probably heard about the new credit card legislation that will prohibit or limit several of credit card billing practices that are unfair or difficult for consumers to understand. But let's take a closer look at one of the most important changes you will [...]
Every since the new legislation passed restricting credit card companies' ability to raise interest rates, among other things, credit card companies have been using every dirty trick in the book to "get back" at borrowers and squeeze every cent out of them. According to an article in the Star-Telegram, some credit card borrowers are reporting [...]
According to an article in the Dallas Morning News, credit card companies are already backing down from marketing to youth under 21 years old as the new Credit Card Act is set to become law in Spring 2010. The Credit Card Act will prohibit credit card companies from lending to anyone under 21 years old [...]
America is in debt--there's just no way to deny it--and sinking farther into debt every day. A huge chunk of the nation's fiscal problems is due to escalating consumer credit card debt , and as the economy worsens that debt just keeps on piling up. And as the government digs itself deeper into debt trying [...]
According to an article in the Star-Telegram, banks that are losing profits because of the new credit card legislation are now looking to debit cards and bank accounts to make up the difference. The recently passed credit card legislation requires that banks give customers a choice on whether they want to opt into over-draft programs [...]
Consumers Affected by Drastic Changes in Credit Ratings More and more people are receiving the pink slip, but not just from employers. It seems that the credit card companies that were once so eager to be your friend and trusted financial advisor are also letting people go, or at least significantly reducing the welcome status [...]
There may come a time when you need to negotiate a payment solution with a credit card company. You might find yourself with an increased minimum payment, an increased interest rate, or perhaps your income has changed and you can no longer afford the minimum payment. Remember that no matter how much the bill collector [...]
#1 - Get a credit card. Yes, we know that credit card debt is one of the things that landed you in bankruptcy; but good credit is important in our society. You will need credit cards in your post-bankruptcy life; but you will need to handle them differently. First, start off with a secured credit [...]