Yesterday, I was going through my statement from American Express and noticed that there were a large number of unfamiliar charges. Lots of them – to the tune of $1500, and all of the charges were in Los Angeles, CA. The list was quite entertaining, (especially because I didn’t have to pay for them): Some [...]
Entries from August 31st, 2009
My Experience With a Stolen American Express Card
August 31st, 2009 · 1 Comment · Credit Cards
Tags: american express·brick and mortar stores·Credit card·credit card statement·online purchase·point of sale·restaurants·sell information·swiped
45 Days to Opt Out of Credit Card Rate Hikes? Not So Fast
August 28th, 2009 · 1 Comment · Credit Cards
As of Aug. 20, the new Credit Card Act requires credit card issuers to give consumers the right to cancel or opt out of certain changes in terms on their accounts. Credit card issuers must inform card users of the right to cancel when they mail the 45-day advance notice of the change in terms. [...]
Tags: cardholders·credit card issurers·Credit Card Reform Act·Credit Cards·fixed rates·Opt Out·rate increases·variable rate cards
Opinion: How the U.S. Can Get Out of Debt
August 27th, 2009 · 5 Comments · Budgeting, Debt Collection, Debt Settlement
When I’ m approached by someone seeking advice on how to get out of their credit card debt, I use a standard methodology. Just for fun, I decided to see if I could apply the same principals to the U.S. Deficit (currently $12 trillion). First thing I do is to ask the client the following [...]
Tags: assets·debt·Debt Settlement·Defense·Health·Medicaid·Medicare·National Defense·Outstanding Debt·Social Security·U.S. Deficit
Credit Card Companies Instituting “Minimum Annual Purchase” Policies
August 26th, 2009 · No Comments · Credit Cards
We just learned Citibank is informing their customers it will impose an $35 annual fee unless a minimum of $2400/yr is charge on their credit card accounts. This is, of course, part of the unintended consequences of the new credit card reform laws. We wrote previously wrote about another unintended consequence, the conversion of credit [...]
Tags: american express·annual fee·bank of america·Citibank·Credit card·Discover·minimum annual purchase·Wall Street Journal
