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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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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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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The Top 6 Luxury Credit Cards For The Wealthy

The Top 6 Luxury Credit Cards For The Wealthy

Nowadays, the wealth of a person is not evident through the watch around his wrist, the tie around his neck or the shoes on his feet, but by the plastic in his wallet. A credit card often represents a person's spending ability and credit history.

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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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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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The Tax Advantages of Taking a HELOC

The Tax Advantages of Taking a HELOC

The Home Equity Line of Credit (HELOC) offers an economical way of consolidating debt, and financing college education, home improvements, medical expenses, and many other similar periodic financial demands

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Credit Card Reward Programs Are Experiencing Cutbacks

Credit Card Reward Programs Are Experiencing Cutbacks

Credit cards play a major part in the lives of many people today. Many Americans have long-standing relationships with their credit cards. Credit cards are used for making everyday purchases.

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