Help with Credit Card Debt
NEW YORK (CNNMoney.com) — The average American family carries $8,000 to $10,000 in credit-card debt. A new Web site, called helpwithmycredit.org, was developed by the credit card industry to help consumers out. The site promises to help you manage your debt; communicate better with your credit card companies, and will hook you up with accredited [...]
Drexen Helps Cash-Strapped Families
ANAHEIM, Calif. /California Newswire/ — Morgan Drexen, the country’s leading debt settlement services provider to consumer advocate law firms, is now offering up to a $1000 cash advance as part of the company’s innovative Emergency Direct Assistance Fund (EDAF). With EDAF and the help of Morgan Drexen’s paralegals, cash-strapped American families can reverse credit card [...]
Chris Dodd Bill to Speed Reforms for 2010
The Federal Reserve last year adopted new credit card rules that ban practices often cited as unfair to consumers, such as raising the interest rate on an existing credit card balance when the consumer is paying the credit card bill on time. However, those rules don’t go into effect until mid-2010, prompting Sen. Chris Dodd [...]
Senate letter for detailed credit card fee info
Several U.S. senators want Visa, Inc. and MasterCard, Inc., the dominant electronic payment companies, to break down detailed costs associated with transactions called interchange fees, according to letters obtained by Reuters on Tuesday. In letters to the two companies, the senators demanded information about methodologies and specific data used to establish interchange fees. The letters [...]