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Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates.
That, economists say, is the inevitable outcome of the nation’s ballooning debt and the renewed prospect of inflation as the economy recovers from the depths of the recent recession.
The shift is sure [...]
Posts Tagged ‘Interest Rates’
Interest Rates Have Nowhere to Go but Up
Posted by admin2 on April 12th, 2010
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 [...]
Google Tackles Mortgage Market With New Comparison Ads
Posted by lorenzo on October 29th, 2009
Google has just debuted a new form of advertising called AdWords Comparison Ads — a special kind of ad that will prompt users to view a list of sponsored products in a structured format. To get started, Google is running the ads for queries related to the mortgage market, though it has plans to eventually [...]
Posted in Mortgage 
Tags: Comparison Shopping, Google, Interest Rates, Real Estate, Saving Money 
No Comments »Hidden Credit Card Fees
Posted by Staff Writer on June 25th, 2009
Credit card debt is one of the main concerns the average American household is faced with today, but before one can make an efforts to reduce credit card debt, it is important to look at some of the ways the credit card companies trick the public into paying more than they should by sticking them [...]
Posted in Credit Cards, Debt Management Tags: Debt Management, Hidden Fees, Interest Rates No Comments »Confused by high interest rates on credit cards?
Posted by admin2 on August 19th, 2008
What’s a percent rate? It’s a fractional expression of value, during a period of time.
20% a year means that $ 100 today will be worth $ 20 more in one year.
And 10% inflation rate means that something that costs $ 100 today will cost $ 10 more, or $ 110 in one year.
At times numbers [...]
