Help Is On The Way for Credit Card Debt
Credit card debt is a major problem in America—everyone knows that. In fact, credit card debt is perhaps one of the most common—and worst—kind of debt that there is. Why is it worse? Because of its much higher interest rates. Couple that with the fact that thanks to today’s economy, high gas prices (which increase [...]
Squeezed by credit card issuers
Credit Card companies use all sorts of tactics to wrestle every penny out of customers. Here’s what you need to know.
When 53-year-old Don Cressman was struggling financially, he charged a bit more than usual on his card, but carefully watched his balance to make sure he didn’t go over his limit. When he opened his credit [...]
New credit card rules could affect you
Proposals by federal bank regulators would zap questionable credit card practices. But while consumer advocates say the proposals are good first steps to rein in abusive tactics, card issuers bristle they will drive up costs and make credit less available.
John Ulzheimer, president of consumer education for credit.com, a credit education and financial services Web site, [...]
Credit Card Insurance Programs
Credit card companies offer a variety of insurance options – the four main insurance coverages you can purchase from your credit card include disability, credit life insurance, property, and unemployment insurance. The question remains- is it worth it to you to pay an extra few dollars each month to add these insurance policies to your [...]
Unemployment triggers more delinquencies
Delinquencies on credit card asset-backed securities have been on the rise over the past year or so. A rise in the unemployment rate could trigger even more missed payments.
“Pool performance has deteriorated significantly over the course of the last eight months,” said CreditSights, an independent research firm, in a report that studied the performance of [...]
Credit Card Scam – ICH Services
It was estimated that credit card fraud cost consumers an average of $500 million a year. These statistics are on the rise and have continued to rise drastically since the year 2005 according to Spam Laws.
Consumers are now being warned of yet another credit card fraud that is going around. These warning states that there [...]
After Bankruptcy 5. – Don’t take shortcuts
Avoid offers from companies to repair your credit.
They claim that they do such things as “erase your bad credit,” ”create a new credit identity – legally,” or that they can “remove bankruptcies, judgments, liens, and bad loans from your credit file forever.”