USA Today reported yesterday that more consumers are turning away from credit cards. Revolving credit decreased at an annual rate of 13 percent, according to a Federal Reserve Report issued February 5, 2010. Revolving credit is usually defined as debt incurred through the use of credit cards. Three major card issuers, Discover, Citibank and American [...]
Entries from February 10th, 2010
Do-It-Yourself Credit Cards Hit Market
February 10th, 2010 · No Comments · Credit Cards
Tags: american express·Citibank·Credit Cards·Discover·Interest Rates·revolving credit·rewards programs·undocumented workers·Zync
What’s New in Secured Credit Cards After New Laws Take Effect
February 9th, 2010 · 3 Comments · Credit Cards
When I look at a client’s credit report and he or she asks me how they can build their credit, I always recommend getting new credit. A great way to do this is to apply for secured credit cards. Even people with bad credit can get them. With the Credit Card Accountability Responsibility And Disclosure [...]
Tags: Credit Cards·Credit Limits·credit unions·Fees·Social Security Deposits
Is Now the Time to Shift 401K Funds into Money Markets?
February 8th, 2010 · 3 Comments · Investing
My sister has been telling me for months that the stock market is in for a correction. Why should I listen to her? She works for a company that handles a large portion of U.S. company 401K portfolios and is in the financial trenches daily. She’s also called 3 of the last 3 corrections in [...]
Tags: 401Ks·bonds·commerical real estate·consumer spending·investment protfolio·money markets·PIIGS·stock market correction·Unemployment
A Happy Ex-Bank Customer Speaks About Her Desertion
February 5th, 2010 · 1 Comment · Banking
Recently, I was asked about credit cards and banks by a friend of mine. I told her about credit unions and why I thought they were so much better than banks. For a brief review, you can read my article about the credit union revolution. A few days later, I received the following email, which [...]
Tags: banks·Checking Account·Credit Cards·credit unions·direct deposit·Mastercard·power of attorney
