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This blog is for people out there who cannot pay their credit card bills. If you have lost your job or possibly have suffered from an illness, whatever the reason and you cannot pay your credit card bills…well this hub is for you.
I’m sure you have already had many a sleepless night wondering what you [...]
Archive for the ‘Credit Cards’ Category
Advice for those who Can’t Pay their Credit Card Bills
Posted by admin2 on September 2nd, 2010
Posted in Credit Cards, Debt Management 
Tags: Credit Card Debt, Debt Collectors, Debt Management 
No Comments »Beware That New Credit-Card Offer
Posted by admin2 on August 29th, 2010
Amid all the junk mail pouring into your house in recent months, you might have noticed a solicitation or two for a “professional card,” otherwise known as a small-business or corporate credit card.
If so, watch out. While Capital One Financial Corp.’s World MasterCard, Citigroup Inc.’s Citibank CitiBusiness/AAdvantage Mastercard and the others might look like typical [...]
The New Credit-Card Tricks
Posted by admin2 on July 31st, 2010
The New Credit-Card Tricks
Just months after historic legislation banned certain billing practices, card issuers have dreamed up new ones designed to trip up consumers.
Whomever President Barack Obama taps to head the new Bureau of Consumer Financial Protection could find it difficult to keep ahead of the credit-card industry.
The Credit Card Accountability Responsibility and Disclosure Act [...]
Tips that can save you from credit card fraud
Posted by admin2 on May 29th, 2010
With the increased use of credit card these days there have been an increase in the no of frauds related to credit cards too. One never comes to know that directly or indirectly we leave a trail wherever we go or whatever we do these days and all this credit goes to the credit card. [...]
Consumer debt is not your friend
Posted by admin2 on May 5th, 2010
Here’s a simple MBA lesson: borrow money to buy things that go up in value. Borrow money if it improves your productivity and makes you more money. Leverage multiplies the power of your business because with leverage, every dollar you make in profit is multiplied.
That’s very different from the consumer version of this lesson: borrow [...]
Posted in Credit Cards, Debt Management, Personal Finance Tags: Consumer debt, Debt Management No Comments »How we pay with plastic will change Monday with new credit card rules
Posted by lorenzo on February 21st, 2010
New consumer-friendly rules taking effect Monday will mean colossal changes for the 180 million people nationwide who have credit cards — and even millions who don’t.
If you pay with plastic:
No longer will banks arbitrarily be able to change the interest rate on your balance.
No longer can they confuse you by changing the date your monthly [...]
Credit card’s newest trick: 79.9 percent interest
Posted by lorenzo on December 18th, 2009
It’s no mistake. This credit card’s interest rate is 79.9 percent.
The bloated APR is how First Premier Bank, a subprime credit card issuer, is skirting new regulations intended to curb abusive practices in the industry. It’s a strategy other subprime card issuers could start adopting to get around the new rules.
Typically, the First Premier card [...]
Latest bank fee is for paying off credit card on time every month
Posted by lorenzo on October 22nd, 2009
ou floss regularly, yield to oncoming traffic and use your credit cards judiciously, dutifully paying off your balance every month.
You may believe that your exemplary behavior shields you from unexpected credit card fees. Sadly, that is no longer the case.
Starting next year, Bank of America will charge a small number of customers an [...]
Austan Goolsbee – Credit Card Bill Kicks in August 20, 2009
Posted by lorenzo on August 21st, 2009
Austan Goolsbee of President Obama’s Council of Economic Advisers talks about the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 – also known as the Credit Card Bill of Rights – which he worked hard on and which kicks in today. Watch the video to get a taste of [...]
Posted in Credit Cards Tags: CARD, Credit Card Accountability, Responsibility and Disclosure Act No Comments »DefCon: ‘Credit Hackers’ Win the Credit Card Game … Legally
Posted by lorenzo on August 2nd, 2009
Hundreds of “credit hackers” are legally gaming financial institutions by taking advantage of loopholes in the U.S. credit-reporting system, a security researcher says — warning that identity thieves could follow suit.
Christopher Soghoian, a fellow at Harvard’s Berkman Center, took a security expert’s eye to the tricks already in use by a healthy subculture of clever [...]
