Banks in the United States have certainly had a rough year, amid a slew of high-profile failures, scrutiny from regulators and those angry torch-bearing borrowers congregating outside CEO castles. But some experts predict that domestic lenders could take even more heat, based on what has been already happening to credit card issuers overseas. In the United [...]
October 16, 2009
Today is Leif Erikson Day. Erikson was a Viking and, according to today’s historical consensus, the first European to venture to the continent of North America. The Nordic explorer came here nearly 500 years before Christopher Columbus. A 1968 U.S. postage stamp honoring Leif Erikson and his expeditions. The day is marked by a presidential proclamation, [...]
October 16, 2009
In the November 2009 issue of Consumer Reports magazine, they had a rundown of “credit cards worth keeping.” This is an especially useful list now that terms are changing and many of us are considering moving on. Here are Consumer Reports’ picks: Balance-Transfer Cards Consumer Reports likes American Express Clear, PenFEd Visa Platinum and People’s United Bank [...]
October 16, 2009
The results are in, and according to numerous studies, we’re pissed about our credit cards. We’ve had our credit limits slashed, our rewards cut back, our interest rates hiked and our coffers raided by fees, fees and more fees. Some vindication came in the form of the Credit CARD Act, but for the most part, [...]
October 16, 2009
Credit card only makes sense if you optimize it properly, use it smartly. Low interest credit card also only makes sense if you will manage your debts properly. Yes, in my previous posts of this “Low Interest Credit Card” series, I said, if you want to carry balance occasionally and serious about to manage your [...]
October 16, 2009
Are you on a hunt for the best credit card offers? These two strategies will help you on your hunting mission: Strategy No.1. Learn from Others. Searching for best deals is easy and convenient if you know where to look, but it could be quite tiresome for a researcher pressed for time. One great tip in searching [...]
October 16, 2009
Ann Minch started a debtor’s revolution on YouTube when she told Bank of America to stick her credit card debt in their bailout pipe and smoke it. Angered that her interest rate had jumped from 12.99% to 30% for no good reason, Minch went on an angry video rant targeting the bank. The result? Bank of [...]
October 16, 2009
Recently, over 45% of American credit card consumers experienced either a rise in their interest rates, having their credit limit lowered, an increased minimum monthly payment, or reduced user rewards. Congress is considering upping the compliance date on the CARD Act from February, 2010 to December 1, 2009. This may have a significant impact on [...]
October 10, 2009
The credit card industry has faced a lot of controversy over recent years for a variety of reasons, and has been accused of treating its customers unfairly and charging too much in terms of fees, charges, and interest rates. It has recently been revealed that credit card companies could face wide ranging bans over the [...]
October 10, 2009
Since the beginning of 2009, the Fed lowered mortgage interest rates to five percent. Since then they have lowered rates to four percent, which allows homeowners to apply for a lower interest and payment. Reveal here your road map to become debt free.
October 16, 2009