The credit card industry is a complex and potentially dangerous one if you don't know what you're doing with your credit. PBS' Frontline recently profiled credit card companies for a documentary that found, in part, that credit is often a damned-if-you-do, damned-if-you-don't situation for many Americans. You need a credit card … [Read more...] about Things Credit Card Companies Don’t Want You to Know
Credit Card Companies and Banks will have to play by different rules starting in 2010 as the Federal Reserve Board is putting an end to their controversial and unfair credit card practices and policies. For years, credit card companies have raised interest rates without notice, charged late payment interest, late payment fees, … [Read more...] about Credit Card Rights And Credit Card Rules â€“ Policy Changes On The Way
I know you’ve heard and read countless stories about people amassing huge amounts of debt and finding themselves helpless to crawl out from under it. I’m aware of how much literature there is floating around (on this site and elsewhere) about how to educate kids and college students on the proper use of a credit … [Read more...] about Credit Card Debt – How I Learned My Lesson
Lower interest rates are generally better when you are trying to pay off debt. If you are trying to pay off debt in an effort to qualify for a mortgage to buy a home then you may need to approach this method of getting out of debt with some caution. Taking advantage of a balance-transfer offer is a great way to minimize interest … [Read more...] about Will Transfers To Lower Interest Rate Credit Cards Hurt My Credit Scores?
In today's society, credit cards are used more routinely as using them is handier than carrying a pocket full of cash. However, it is ever so easy to misuse credit cards and lose track of amounts being charged. This is a fast and easy way to get into debt way above your ability to repay fully each month. Along with increased … [Read more...] about Ways To Spot And Prevent Credit Card Fraud and ID Theft
The image of credit cards in society is that they are convenient. The price for convenience when it comes to credit cards may be too high for what you get. Many Americans are now finding themselves in tough financial difficulty due to overuse of credit cards and credit. Few people fail to understand the mechanics of how credit … [Read more...] about Why Your Credit Card Company Is A Financial Predator
The Fair Debt Collections Practices Act or FDCPA are the rules that a bill collector or a collection agency must follow when trying to collect unpaid debt from you. There are things a creditor can do and things that they cannot do. What Is Considered Illegal Or Harassment For A Creditor To Do? FDCPA considers repeatedly … [Read more...] about What Would Be Considered Violations Of The Fair Debt Collections Practices Act?
Cash back credit cards happen to be a really great way to earn money while you spend. It is true. Okay… I see those wheels turning. Before we get too carried away with the idea here, let us make sure we are on the same page; I am talking about making purchases you would normally be making … [Read more...] about Cash Back Credit Cards: Spend and Earn Money