Q. Do you have any thoughts or recommendations for an individual that has $50,000 high interest credit card balance(s) – mostly American Express. She needs the cards to run her current business – so she doesn’t wish to cancel the cards – and can’t get the credit card companies to lower the rate. A. I’m [...]
Entries from January 29th, 2010
How Can I Reduce the Rates on My Credit Cards?
January 29th, 2010 · No Comments · Credit Cards, Credit Counselor Front Lines
Tags: banks·Credit card debt·Credit Card Payments·credit unions·high interest·Interest Rates·line of credit·signature loan
Want Chase to Charge “Late” Fees? Make Your Payments Early
January 28th, 2010 · 6 Comments · Consumer Debt
I really didn’t think lending practices could sink any lower. We’ve had First Premiere charging 79% on credit cards, universal default (your other credit cards raising interest rates if you pay late on someone else), transaction sorting and outrageous overdraft fees. I just read two posts on the consumerist about readers who wrote in complaining [...]
Tags: Chase Bank·credit card statement·Credit Cards·FTC·Grace Period·lete fees·mortgage payments·payment cycles·State Attorney General
More Protected Using a Debit or Credit Card?
January 27th, 2010 · 4 Comments · Banking, Credit Cards
Most people don’t really think there is any difference is using your debit or credit card, other than one requires a signature and the other a PIN. Be warned: there could be significant differences in protections if you are the victim of fraud. Debit Card Using a PIN: Federal law generally limits consumer liability in [...]
Tags: Credit Cards·Debit Cards·Fair Credit Billing Act·Fees·fraud·liability·Mastercard·PIN·signature·transaction networks·Visa
Capital One Sued by West Virginia Attorney General
January 26th, 2010 · 20 Comments · Debt Collection, I'm suing those guys!, Legal Stuff
Boy, we sure love Capital One here at creditinfocenter.com. Like a politician who is constantly having affairs or accepting big bribes, they provide us with lots to write about. The latest? The West Virginia Attorney General, Darrell McGraw, is suing them for deceptive practices in both lending and collection practices. According to the press release [...]
Tags: Capital One·charge offs·Consumer Attorneys·Darrell McGraw·Debt Collection·deceptive practices·interest·late fees·re-aging·West Virginia
