Tag Archives: credit cards
Credit Card Usage Continues to Decline
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Mar 11 - According to the Federal Reserve, consumer borrowing rose to $2.456 trillion in January. But what's surprising is that this increase occurred despite another drop in credit card loans.
New Credit Card Statements Could Help Consumers Decrease Debt
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Mar 04 - The new credit cards statements can help you pay off your credit card debt faster by showing you how long it will take and how much extra interest you'll pay if you only send in the minimum.
4 Ways to Escape from Debt Prison
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Mar 02 - The most popular ways people deal with their debts and how to figure out which will work best for you.
Before The Credit CARD Act, A Pound of Flesh
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Feb 25 - No, it wasn't your imagination. Your bank probably did raise rates and fees prior to submitting to the consumer protections enacted by the new law that went into force on February 22, 2010. And when you see the details, your blood will boil. Especially in light of the fact that taxpayers bailed out some of the same institutions now sticking it their customers.
Debt Settlement Company Bites Back
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Feb 23 - Debt settlement is a controversial technique to pay less than what you owe. Read this recent email exchange between me and the owner of a debt settlement company and you'll see what I mean.
No More Extra Credit on Campus
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Feb 23 - The Credit CARD Act is now in effect and one of the major provisions is a restriction on credit cards to those under 21. What's a student to do? Here are some ideas.
Citi Adds $60 Annual Fee to More Credit Card Accounts
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Feb 19 - One week before the CARD Act goes into effect, Citi has added an annual fee to more accounts on many of its popular credit cards.
The “Other” Provisions of the Credit CARD Act
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Feb 11 - Most of the attention from the bill has been given to the restrictions on interest rate increases and over the limit fees. However, there are many other lesser-known regulations in the Act that could have far-reaching ramifications for consumers.
Transferring a Credit Card Balance: A Good Idea?
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Jan 26 - More consumers are now considering a balance transfer due to the rising interest rates on their existing cards. But is this a good idea?
The True Cost of Bad Credit
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Jan 25 - Find out how many points your credit score will drop if you make one of these common mistakes.
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