Credit cards

Low interest credit cards: what benefits you will get

Today you can see ads about credit card companies that propose credit cards with low interest rate. And this is an attractive option. However, with low percentage, best credit cards offer combinations More »

Credit card

Using of a credit or debit card has advantages and disadvantages

There are many decisions for a small business owner in our fast developing world. When it adverts to different budgets for advertising, inventory, travel and more, every decision is important. A major More »

credit cards

What can rewards credit cards offer you?

Using rewards credit cads, you will find rewards everywhere: gasoline stations, groceries, supermarkets and restaurants. They all want to reward you just for buying. Similarly, the credit card providers have their own More »

Credit Cards

A bad credit credit card: types and advantages

It is easy to obtain credit cards, even with a low credit score. Interest and fees will be higher, but your application will be approved. Start rebuilding of your credit now. The More »

Category Archives: Credit Cards

TransUnion: Consumers still likely to pay late

September 15, 2009  |  Admin

Many Americans may still be struggling to repay credit card debt and keep their credit score on track, but in some areas of the country consumers are managing to get their financial situation under control.

That is the finding of the newest TransUnion Credit Risk Index, which measures the weighted average probability of consumers within a given region to pay at least 90 days late, relative to the country as a whole.

In other words, the index aims to identify which areas of the U.S. are most likely to demonstrate risky financial behavior and fall into delinquency. TransUnion says that in recent years, the overall index for the nation has generally ranged from 110 to 120.

During the second quarter of 2009, the U.S. index increased 0.83 percent to reach 128.32, reaching an all-time high on a national level for the third quarter in a row, the data reveals.

Still, 13 states were shown to have decreased their risk over the same period and the overall rate of growth slowed. Full post…

 
Tags: Pay, Pay Late
No Comments »

Credit card companies already getting around regulations

September 12, 2009  |  Admin

The first phase of credit card reform legislation recently came into effect, giving consumers a better chance to pay down their credit card debt, but it would appear that credit card companies have already found ways to circumvent the rules and have discovered loopholes in the law.

Although credit card companies are required to inform a card holder 45 days notice of a rate change, BusinessWeek notes that the provision doesn’t apply to variable rate cards. Because of that, according to the magazine, more companies are moving consumers into these variable rate cards which see their interest rates fluctuate.

In an effort to gain back some of the money they have lost on credit card defaults during the economic downturn, banks and credit card companies are also turning to fees for any number of things.

The magazine notes that one card issuer, Fifth Third Bank, charges a $19 tariff if the card is not used in 12 months, which the company says is meant to “encourage active use of accounts and to offset the increasing costs of accounts.”

Card companies are also looking to offset losses by targeting more affluent consumers and those with the best credit scores. Full post…

 
Tags: Card Companies, Companies, Credit Card, Credit Card Companies
No Comments »

Are more banks modifying customers’ credit card debt?

September 10, 2009  |  Admin

In recent months, there have been a slew of media reports and anecdotal evidence suggesting that credit card issuers are raising customers’ interest rates, thus making it more difficult for them to pay off credit card debt.

But an article in the Washington Post this week says that many troubled borrowers are actually finding some relief from banks that are either modifying or forgiving this debt.

It is similar to home loan modification, the news provider says, but in this case lenders are taking steps such as reducing interest rates for a set period, lowering the monthly payment, forgiving certain fees or simply letting the cardholder settle the debt for less than they owe.

The reason for the banks’ actions? Full post…

 
Tags: Card, Credit Card
No Comments »

Consumer credit posts record drop

September 08, 2009  |  Admin

Americans are continuing to hold back on spending, avoid adding to their credit card debt and encounter problems with opening new lines of credit, figures from the Federal Reserve suggest.

July data from the Fed showed that consumer credit fell by a record-breaking $21.6 billion that month to reach $2.47 trillion.

The 10.4 percent annualized drop reflected the sixth consecutive month in which consumer credit contracted – a sign that many analysts say does not bode well for the economic recovery of the nation.

“There is no way that this recovery can be sustained unless we see a pickup in household spending,” economist Bernard Baumohl told CNN Money.

He added that consumers are likely to “be in the background” when it comes to boosting the country’s economy this year.

The Fed’s figures showed that revolving debt – a category which includes credit card debt – decreased by $6.1 billion in July. Full post…

 
Tags: Credit, Credit Posts
No Comments »

Bad Credit Home Improvement Loans – Options For Getting A Loan With Poor Credit

September 07, 2009  |  Admin

Home improvements are costly. For this reason, many homeowners choose to finance the project. There are many ways to raise funds to complete home improvements. Although some people choose to use a credit card or store charge card, high finance fees make is practically impossible to repay the balance. Instead, consider applying for a home improvement loan.

Advantages of a Home Improvement Loan

Getting an unsecured home improvement loan is difficult with good or bad credi…

home improvement loan, home equity loan, bad credit

Home improvements are costly. For this reason, many homeowners choose to finance the project. There are many ways to raise funds to complete home improvements. Although some people choose to use a credit card or store charge card, high finance fees make is practically impossible to repay the balance. Instead, consider applying for a home improvement loan.

Advantages of a Home Improvement Loan

Getting an unsecured home improvement loan is difficult with good or bad credit. H

Full post…

 
Tags: Home, Home Improvement
1 Comment »

Criminal Charges: The parade of card crime rolls on

September 06, 2009  |  Admin

As you recover from the long Labor Day weekend, this week’s list of credit card crimes has gems involving corrupt government officials, a cab ride that turned really ugly and doll-loving card thieves.

  • In England, former London deputy mayor Ian Clement was charged Aug. 4 with fraud in connection with alleged misuse of a corporate credit card, The Guardian reports. Clement resigned from his post in June following allegations about his card use.
  • Also in the U.K., the Morning Star reports former anti-terrorist officer Matthew Washington — who improperly used a credit card meant for work-related expenses — has walked free from court. Washington, who was given a six-month prison sentence suspended for a year, made charges with the plastic for clothes from his favorite retailer and “sexual accoutrements” at an adult toy store.
  • Talk about bold: Thomas D.

Full post…

 
Tags: Card Crime, Crime
No Comments »

Balance Transfer Credit Cards – Zero Percent Cards With Rewards

September 04, 2009  |  Admin

Balance transfer cards are ideal for anyone wanting to transfer high interest rate card indebtednesses over to a lower interest rate card. The balance transferring will save you money, since the interest rates will be lower. Still, you need to be cautious since some card lenders tend to charge excessive fees on balance transfers.

Balance Transfer Credit Cards,Best Balance Transfer Credit Cards,Balance Transfer Credit Card

Some of the very best balance transfer cards are available online. Here you will find a plethora of information that will connect you to loaners and credit cards. Most sites supply data that will cover all particulars relating to credit cards, including APR, introductory, fraud protection, balance transfers, rewards, and more.

The lender offers 0 percent introductory up to one year on purchases and balance transfers. This is an enormous advantage since most lenders will offer the 0 percent introductory on balance transfers only. The card is a benefit for those wanting a low ongoing APR.

Full post…

 
Tags: Balance Transfer, Cards
1 Comment »
Page 37 of 38« First...102030...3435363738