Many consumers would say that all credit cards do more harm than good, but that is not necessarily the case. While it is true that the credit card industry leaves a lot to be desired, there are consumers who can actually benefit from responsible credit card use. With that in mind, you should know that [...]
Entries Tagged as 'Credit Cards'
The Worst Credit Cards on the Market
October 23rd, 2009 · 1 Comment · Credit Cards
Tags: Annual Fees·consumers·Credit Cards·Credit Reporting Agencies·Credit Score·department store c·Department Store Cards·prepaid cards·rewards programs·secured cards
Florida State Attorney General Files Suit Against Debt Settlement Firms
October 20th, 2009 · 6 Comments · Credit Cards, Debt Settlement, Legal Stuff
Florida State Attorney General Bill McCollum recently filed two lawsuits against Texas-based Credit Solutions of America, Inc. (CSA) and Clearwater-based ADA of Tampa Bay, Inc., which does business as American Debt Arbitration. The lawsuit against ADA also names the company’s principal Glenn P. Stewart, as well as Arizona-based entities Nationwide Asset Services, Inc., Service Star, LLC, and Universal Debt Reduction, LLC.
Tags: American Debt Arbitration·consumers·Credit Solutions of America·debt negotiation·Debt Settlement·Florida·lawsuit·State Attorney General
PrePaid Debit Card Costs vs. Overdraft Fees – Which is Worse?
October 8th, 2009 · No Comments · Banking, Credit Cards
Charges for calls to customer support, reloading fees, fees for purchases, fees to withdraw money from ATM – did you know the if you have a pre-paid debt card you have to pay for every transaction associated with the card? The New York Times recently did an article examining these surprising fees in depth.
We’ve [...]
Tags: banking system·Checking Account·Chexsystems·Consumerist·cost alternative·critics·Fees·Hidden Fees·New York TImes·overdraft fees·prepaid cards·US Banks
Ten Items You Don’t Want to Purchase Using a Credit Card
September 25th, 2009 · 3 Comments · Banking, Credit Cards
We posted a blog about a year ago which announced that the Federal Trade Commission (FTC) had filed a lawsuit against credit card issuer CompuCredit (CCRT). One of the (many) allegations made was that CCRT did not properly disclose that it monitored spending and cut credit limits if consumers used their credit cards at “particular places”. A settlement [...]
Tags: behavioral scoring·credit·credit cardholder spending habits·Credit Cards·credit red flags·data profiling·purchasing history
