As banks recover from the effects of the recession, they are also facing new, tough regulations from the CARD Act of 2009 effective February 22, 2010. The biggest effect of the CARD Act is that credit card companies will have more difficulty in repricing existing credit card balances if customers start experiencing financial difficulty. For …
Excessive use of credit cards can lead to high credit card interest rates, as well as poor credit rating. However, credit card is not all that bad, and having said this doesn’t necessarily mean that using it is being encouraged. No matter what anyone thinks or says, credit cards equate to buy now, pay later, …
Obtaining a better credit card deal is not as difficult as many people think it is. There is no reason for a person to stick with a credit card that does not offer them the best deal around. Here are some tips to find lower interest rates, get better credit card rewards and ultimately save …
Negotiate a Better Credit Card: Save Money, Lower Interest Rates, and Get Better Rewards Read More »
There are many options for consumers that want to reduce credit card debt. Some consumers choose to file for bankruptcy, while others request the help of debt settlement companies. There is, however, a third alternative for consumers willing to put forth some extra effort in order to save money and avoid a bankruptcy’s impact on …
Reduce Credit Card Debt Without Paying Debt Settlement Companies Read More »
Credit card fees and charges increase the monthly balance of the credit card. These fees and charges sometimes seem to come out of nowhere. An explanation of these fees can help the consumer manage their financial situations productively. Understanding the fee and why it was charged allows the consumer to call the credit card company …
Every time you swipe your credit card, the retailer pays about three percent of what you spend to the credit card company. Want some of that money? It’s yours if you know how to choose the right card: Cash back Do an internet search of credit card companies that pay cash back. Discover Card,Capital One …
Cash Back Credit Cards: How to Get the Most Out of Cards That Pay You Back Read More »
When it comes to obtaining a credit card, it’s imperative that one knows the definitions and has a basic understanding of the terms associated with that credit card. The credit card companies are constantly creating new terminology and tweaking the rules of the old terminology to keep the consumer off balance. Here is a look …
Identifying a suitable way to eliminate unsecured credit card debt can seem like an insurmountable obstacle, but this needn’t be the case. If expenditure exceeds income and/or credit is becoming a way of life, action needs to be taken to address this imbalance. Whilst the easiest way to clear debt is to settle it in-full …
Eliminate Unsecured Credit Card Debt: A Successful Card Credit Debt Settlement Strategy Read More »
It is unwise to brush off secured business credit cards. Many of these cards provide benefits equivalent to traditional cards. By writing secured cards off as an option only for the businesses with a poor credit history, a valuable form of business credit is overlooked. Secured Business Cards Helps Build a Good Credit History A …
Managing credit card debt is a priority for millions of American families. The April 2009 Nilson Report showed the average amount of debt on charge cards was $8,329 at the end of 2008. The reality is that this figure is far higher because it includes those who don’t have a card. The good news is …