Is the Credit Cardholder’s Bill of Rights Good for You? Many credit card holders will have their interest rates skyrocketed and their credit scores lowered as soon as this bill passes. People with good credit will have to pay higher interest rates to pay for everyone else’s late fees!
Continue Reading →Direct Banc – The U.S. Senate is currently considering a bill which could possibly save consumers that use credit cards on a regular basis. The Bill, Credit Card Fair Fee Act, sponsored by U.S. Senator Dick Durbin (D-IL), contends that credit card issuers have an unfair advantage in the marketplace based on the fact that [...]
Continue Reading →Let’s face it, a lot of card companies are gluttonous and have unpredictable business practices and we still buy their products. Each year they find different ways to change the rules, charge more fees and raise our rates, and each and every year they post record sales. Why would anyone in their right mind [...]
Continue Reading →Do you know the difference between the simple phrase ?will that be debit or credit? I didn?t know until I listened to the Clark Howard consumer radio show recently. It seems that when consumers answer the ?debit or credit? question with the word ?credit? this is a godsend to the banking industry. Banks that issue [...]
Continue Reading →Credit card companies have had carte blanche to change the rules mid game for the people they choose to offer credit to for sometime now. Before the viral explosion of credit cards this was not such a ?big deal? mainly because credit cards were predominately carried by people with good credit. In today’s financial climate [...]
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