Buying things on credit cards has never been easier and consumers have taken advantage. Experian reports that the average household has $16,000+ in debt other than mortgages. Online shopping is ubiquitous; Ebay has just announced that they will be no longer accepting checks and will only accept credit card purchases and PayPal on their fixed [...]
Entries from August 29th, 2008
Credit Consumerism Still Able to Prop Up the Economy?
August 29th, 2008 · No Comments · Consumer Debt
Tags: consumer spending habits·Credit Cards·Credit Consumerism·Credit Limits·Economy·Mortgage·Real Estate
More Action Needed to Move Credit Card Bill of Rights Forward
August 28th, 2008 · 1 Comment · Credit Cards
Back in July, one of Kristy’s blog posts urged readers to speak up and comment on credit card rules. Well, it appears that at least some of your comments were heard, as the bill that would abolish unpopular credit card industry practices passed a key U.S. House committee test recently, moving it toward a vote [...]
Tags: credit card industry practices·credit card legislation·credit card rules·credit card unfair practices·credit cardholders bill of rights
Auto Loan Providers Jump on the Green Bandwagon
August 27th, 2008 · No Comments · Banking, Budgeting, Consumer Debt
However, the bandwagon better be a hybrid, horse-drawn or get pretty darn good gas mileage to qualify. I know “going green” is a buzzword of the times, but “green auto loans” sounds to me more like something sold on the Vegas strip. I like the way the marketing types make it sound though, “loan products [...]
Tags: cleaner energy solutions·discount auto loans·fuel efficient auto loans·green auto loans·green loan products
Banks Latest “Bail-out” Plan Encouraging Overdrafts? Avoid this Trap!
August 26th, 2008 · 4 Comments · Banking
Although I do have some empathy for the tremendous financial losses that many of our banking institutions are facing with the credit crunch, I’d have to say this is pretty underhanded. One of the latest ways banks have found to boost revenue includes jacked up fees and policies that have been re-written to maximize the [...]
Tags: account overdraft·avoiding overdraft fees·bank fees·Banking·overdraft fees·overdrawn funds·penalties for overdrafts
