We’ve been blogging a lot lately about the decrease of consumer debt. Now a new government report confirms it.
Entries from November 10th, 2010
New Govt Report Confirms Decrease of Consumer Credit Card Debt
November 10th, 2010 · No Comments · Credit Cards
Tags: Consumer Credit·Consumer Debt·credit·Credit Cards·Credit Reports·Federal Reserve·Federal Reserve Bank of New York·holiday spending
Sneaky Ways Banks are Collecting Fees in the Post CARD Act Era
November 9th, 2010 · No Comments · Banking, Credit Cards
Facing with a massive loss of revenue from banking fees curtailed under the new credit card reform legislation, banks have gotten creative in their fee-harvesting techniques. Among other things, they have revived annual fees; shortened billing cycles; levied new charges on cards with low credit limits; increased balance-transfer, cash-advance and foreign-exchange fees. Debit Cards. Federal [...]
Tags: bank fees·Credit card·credit card insurance·credit card statement·Debit Cards·fee-harvesting·Minimum Payments·prepaid cards
How Credit Cards Can SAVE You Money on Holiday Spending
November 8th, 2010 · No Comments · Credit Cards
From cash back incentives to rewards points, credit cards can actually save you money this holiday sesason.
Tags: Bill Hardekopf·budget·Chase Freedom Visa·Consumer Reports·credit·Credit Cards·Discover More·holiday spending·The Credit Card Guidebook
Resist “Free Cash” Checking Account Incentives
November 5th, 2010 · 1 Comment · Banking
The doomsayers predicted the Credit Card Accountability Act would make the cost of checking and savings accounts prohibitively expensive for the consumer. They were only partially right. It’s true that banks have increased some fees on cheeking accounts, but there are some good deals still out there. It’s still a competitive market to get your [...]
Tags: cash management skills·checking acount·Citigroup·free cash·high revenue potential·low revenue potential·Savings account
