Shopping for the Best Credit Card Deals
Shopping for a credit card? Here’s what to look for.
Archive for the 'Credit Cards' Category
Understanding Credit Card Interest Rates
See a credit card offer that looks good? Here’s what you should know about credit card interest rates.
Credit Scores and Switching Credit Cards
It is not surprising that millions of Americans are having problems with their credit card debts. If you are among these unfortunate individuals, then you should really stop berating yourself for getting into this kind of financial situation and focus instead on finding a solution to your credit card woes.
One of the things you [...]
Why credit card issuers are upset about new consumer protection rules
The Federal Reserve and two other regulating agencies have proposed a set of new rules and regulations aimed at stopping “unfair and deceptive” practices in the credit card industry. The industry is not amused. Here’s why…
Maxed Out… In Debt We Trust
Just a few decades ago, owing more money than you had in your bank account was the exception, not the rule. Yet, in the last 10 years, consumer debt has doubled and, for the first time, Americans are spending more than they’re saving — or making. Award-winning former ABC News and CNN producer Danny Schechter investigates America’s mounting debt crisis in his latest hard-hitting expose, In Debt We Trust.
Are your credit card spending habits out of control?
Many consumers habitually spend more than they have. Meanwhile, fewer people are paying their credit cards bills on time. The percentage of people delinquent on their credit cards is the highest it’s been in three years, according to one report. Here’s how to find out if your credit card spending habits are out of control. Credit Cards Sock Late Payers With Default Rates Of 30% Or More
Faced with mounting account delinquencies, major U.S. banks are penalizing credit-card customers late on payments by hiking their accounts to maximum default interest rates of 30% and more — even those with good credit records.
Has your credit card interest rate been raised?
Some credit card issuers apparently raise rates without notice, even when you pay on time.
Mortgage turmoil spreads to other debt
The malaise in the mortgage market is starting to spread to credit-card and auto loans in what one analyst has dubbed consumer-credit “contagion.” It’s an ominous warning signal for the economy.
Credit Card Users Hits With Rising Costs
In the past two months more than 125 separate credit card fees and rates have been increased, according to financial information provider Moneyfacts.co.uk, with those customers making cash withdrawals on credit cards being hit the hardest.