Just when you thought credit cards were the only plastic culprits you had to watch out for, prepaid debit cards are crashing on the watch list of consumer advocacy groups. Many Americans who have lost access to bank accounts and credit cards due to bad credit, wage garnishments or bounced checks are the biggest target [...]
As more businesses file bankruptcy, many consumers, who are also facing financially tough times, are finding themselves losing money on prepaid purchases, gift cards or even wondering about the validity of a warranty. Here are a few tips on how consumers can protect themselves when businesses file bankruptcy: Avoid pre-paying for products/services sold by companies [...]
In Sections 301 to 305 of the new credit card legislation are designed to control the credit card industry's very aggressive targeting of youth in college, specifically those less than 21 years old. The legislation specifically requires anyone younger than 21 to prove that they can repay the money before being given a credit card [...]
According to an article in the Star-Telegram, credit card companies are raising interest rates, decreasing credit limits and charging higher fees even on their best customers those who never miss a payment.The article said: D.J. Kennedy uses her credit card when she runs out of money at the end of the month. "I use it [...]
Since the new bankruptcy laws went into effect in 2005 consumers filing for Chapter 7 or Chapter 13 bankruptcy are required to go through a government-approved credit counseling program within six months before they file for bankruptcy protection. Credit counseling can take place in person, over the phone, or online. The credit counseling session will [...]