In a recent report published by the Wall Street Journal, there is evidence that credit card companies are still struggling. The data was released by major United States credit card issuers and it shows that lenders are facing challenges across the board. That could mean trouble for the economy as well as stock holders. In [...]
Continue Reading →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 →Many people are aware that the Government has passed regulations that regulate how credit collection companies can operate. However, very few people are aware of how they can apply these regulations to their advantage when dealing with a collection company. The piece of legislation we are referring to is the Fair Debt Collection Practices Act. [...]
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 →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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