All Entries Tagged With: "Credit Card"
10 worst credit card mistakes
Whether you’re in a financial crunch or just lack a second Ferrari, credit card offers landing in your mailbox might look like an answer to a prayer.
Don’t succumb to temptation, says Cate Williams, vice president of financial literacy for Money Management International in Chicago.
“The first thing consumers need to do is walk from their mailbox [...]
How to get out from under credit card debt
You have lots of options, but you have to get started now
It’s the single most common question these days in the Answer Desk Inbox: I’m drowning in debt! What can I do?
What should you do if the accounts are already delinquent, past due, charged-off, and not necessarily due to neglect? Paying these accounts will still [...]
Weak security at banks, retailers opens door to credit card hacks
Every time you swipe your credit card and wait for the transaction to be approved, sensitive data including your name and account number are ferried from store to bank through computer networks, each step a potential opening for hackers.
And although you may take steps to protect yourself against identity theft, an Associated Press investigation has [...]
Credit card case: Bank to pay up
With advancement of technology and spread of plastic currency, some banks and other organizations are just throwing credit cards to
customers.
They throw all norms to the winds while issuing the cards and also while sending them to the card-holders. Little do they realize that if the card falls into wrong hands, the unsuspecting card-holder would be [...]
New law may help you get out of debt
Congress recently passed the Credit Card Accountability, Responsibility and Disclosure, or Credit CARD, Act of 2009. The law goes into effect Feb. 22, but many pieces of the legislation have other effective dates.
For Americans who carry a balance, which is about 40 percent of people who use a credit card, some of the protections will [...]
U.S. bill could help merchants cut credit card fees
Merchants and retailers would be able to negotiate with banks to reduce costs associated with credit card purchases, according to legislation introduced on Thursday by lawmakers in the U.S. House of Representatives.
The measure, called the Credit Card Fair Fee Act, focuses on the so-called interchange fee that restaurants, service stations and other stores pay banks [...]
Fewer Credit Card Offers in the Mail, But More Fees
There’s mixed news on the credit card front.
U.S. households are receiving far fewer credit card offers, which could be a good thing for those who might easily fall into the debt trap. But for those receiving offers, the cards increasingly come with annual fees.
In the first quarter, U.S. households received 372.4 million offers, a 67 [...]
Credit card firms make money on all
It is disappointing to see the credit card companies spread propaganda that credit card holders who pay their balances in full monthly are somehow “subsidizing” those who choose to carry a balance and incur fees (”New credit card restrictions put an end to subsidies funded by the less fortunate,” May 24).
Merchants who accept credit cards [...]
