Credit

Credit Card Problems Rise and Fall: Defaults Down But Delinquencies Increase

Credit Card Problems Rise and Fall: Defaults Down But Delinquencies Increase

The credit card industry remains to be one of the hardest hit sectors as unemployment rates continue to rise with no respite seen in the near future.

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How Smart is Your Credit Card?

How Smart is Your Credit Card?

Most of us have seen the commercials depicting consumers waving a credit card or debit card at the cashier counter to pay for a purchase. But in actuality, how many of you really done this?

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Congress Speeds Up Credit Card Legislation in Response to Rate Increases

Congress Speeds Up Credit Card Legislation in Response to Rate Increases

Consumers have seen huge increases in their credit card rates and fees in the last month, as bank try to gather as much revenue from their credit card services as possible before legislation goes into effect

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The Value of a Good Credit Report

The Value of a Good Credit Report

Almost everyone has to borrow money at one time or another. Whether you are borrowing to finance a business, or to buy a house, car or some other major purchase, good credit worthiness makes a vital difference

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Should You Really Cut Up That Credit Card?

Should You Really Cut Up That Credit Card?

We have found that many big lenders, facing rising defaults and new regulation that would hurt profit, have started introducing ways to offset loss of revenue from consumers.

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Credit Card Rewards Are Not So Rewarding Now

Credit Card Rewards Are Not So Rewarding Now

As with everything else that banks are offering as of late, it all boils down to, well... the bottom line.

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BofA Reveals Plans to Impose Credit Card Annual Fees Next Year

BofA Reveals Plans to Impose Credit Card Annual Fees Next Year

It appears that even with the sweeping reforms in the credit card industry scheduled to go into effect as early as December 1 this year, consumers have yet to see the last of the credit card fees and charges that are costing them dearly.

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Major Banks Declare positions ahead of New Credit Card Laws

Major Banks Declare positions ahead of New Credit Card Laws

Bank of America and Wells Fargo in separate and very different announcements declared their position on credit card rates ahead of the new Credit Card Law.

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Credit Card Minimum Payment: How Much Does It Really Cost You?

Credit Card Minimum Payment: How Much Does It Really Cost You?

Using credit cards have become an essential part of everyday life for many consumers.

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Credit Cards: As Dangerous as Alcohol? Federal Reserve Proposes New Rules

Credit Cards: As Dangerous as Alcohol? Federal Reserve Proposes New Rules

We have minimum legal ages for all kinds of activities we think are too dangerous for younger people; driving a car, smoking cigarettes, gambling, drinking alcohol...the list goes on and on.  

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