Nine million US households do not have bank accounts, often using high-cost check cashing services instead.
That number represents 1 of every 12 families or individuals in America. A disproportionally large segment of this group consists of minority and low-income households, the Wall Street Journal reports.
» Full Report
August 18th, 2010 | Posted in Banking, Check-Cashing Service, Financial News |
Stung by the Credit Card Consumers’ Protection Acts, banks have become extremely creative at finding new ways to squeeze money out of their customers.
Among their favorite tricks: offering you a so-called professional credit card. Beware!
» Full Report
August 13th, 2010 | Posted in Credit Cards |
With interest rates at record lows, there’s never been a better time to save money on your mortgage. But watch out for pitfalls in the rush to refinance, advises MarketWatch’s Andrea Coombes in her Personal Finance Minute.
» Full Report
August 1st, 2010 | Posted in Financial Advice, Home Loans |
“The bill collectors, when they call, make you feel like the only option you have is to lay down and play dead. That’s not true.”
» Full Report
June 22nd, 2010 | Posted in Bill Collectors |
The Federal Reserve Board has limited the amount of money U.S. banks can charge customers who do not pay on time.
» Full Report
June 17th, 2010 | Posted in Credit Cards |
Nowadays more people are using debit cards as a convenient way to curtail their expenditures.
Debit cards offer a number of conveniences as compared to credit cards. But there are also some drawbacks you should be aware of.
» Full Report
June 14th, 2010 | Posted in Debit Card |
Major credit card lenders report that more Americans are paying their loans on time. This may be a sign of economic recovery, or…
» Full Report
April 19th, 2010 | Posted in Credit Cards |
Right now someone, somewhere, may be using one of your credit cards — without your permission.
» Full Report
February 5th, 2010 | Posted in Credit Card Safety, Credit Cards |
When the Credit Card consumers’ Bill of Rights goes into effect next month (Feb. 22, 2010), banks will be prohibited from using some of the worst unfair practices they have been subjecting their customers to.
That’s why banks have been working hard to dream up new fees…
» Full Report
January 18th, 2010 | Posted in Credit Cards |
No law prevents banks from closing down credit accounts without warning.
The new
Credit Card Consumers’ Bill of Rights has done nothing to change that.
But when Citibank recently closed a number of Mastercard accounts — co-branded with oil partners such as Shell, Citgo, ExxonMobil and Phillips 66-Conoco — it did so on very short notice.
[video]» Full Report
October 23rd, 2009 | Posted in Credit Cards, Credit Score |