Do you know why fast food is so popular despite the fact that we all know it’s (a) bad for you (b) is high in calories and (c) has low nutritional value? Mostly because it’s convenient (and ok, sometimes it tastes good) and cheap. Here comes the fast food equivalent in loans, the […]

Popularity: 21% [?]

[Read more →]

The Consumerist is reporting a reader received an offer from the debt collector who is offering “debt reduction” in the form of a pre-approved Visa card in which his $1,364 debt would be reduced to a $1,200 balance if he accepts the card. He would need only to to pay off the balance under the […]

Popularity: 21% [?]

[Read more →]

Retail and Department Store cards are credit cards which can only be used at the store which issues them, even if there is a Visa® or Mastercard® symbol on the credit card.  Almost everyone has been offered one of the cards when making  a department store by the sales clerk: “Would you like to open […]

Popularity: 19% [?]

[Read more →]

Tired of dirty little tricks by the credit card companies like that unexpected interest-rate increase on your credit card and confusing grace period? The Federal Reserve is accepting public comments through Aug. 4 on new credit-card rules it proposed in May.  If the Fed decides to adopt them, card-issuers will need to follow them.  […]

Popularity: 20% [?]

[Read more →]

I’m listing the candidates here in alphabetical order…and offering no comments (surprise!)
From the John McCain Campaign Website:
John McCain has no specific campaign promises addressing credit cards, but does address the housing crisis and student loans in the following ways.
John McCain Is Proposing A New “HOME Plan” To Provide Robust, Timely And Targeted Help To […]

Popularity: 22% [?]

[Read more →]

It’s not just the housing market who is tightening the reigns of their credit lending…the current trend among credit card companies is to reduce credit limits. You know the credit card companies generally change the rules of the game anytime after sending you your credit card. Typical sneaky tricks include increasing interest rates, […]

Popularity: 28% [?]

[Read more →]

Ok, that might be a bit extreme, but according to a recent article in businessweek, the lifestyle choices a consumer makes as far as spending habits may even affect their credit score.
It’s fairly common knowledge that some major factors that influence credit scores involve occupation, payment histories, public records, ratio of balance to available credit […]

Popularity: 23% [?]

[Read more →]

If you want to maximize your credit card’s optional features, you need to do a little homework before you select a card. Since our economy these days depends in large part on the frequent use of credit by consumers, companies that offer credit cards have come up with a number of attractive features designed to […]

Popularity: 21% [?]

[Read more →]

Ok, I have good credit and I would assume that it would be easy for me to get a credit card. Remember all though stories about people who used their pet’s name and ID (I wonder what SSN# they used!)? Well, those times are apparently not past. I just read […]

Popularity: 21% [?]

[Read more →]

If you are new to the credit game, the initial limits on your credit cards can be low. A credit limit means the maximum amount of money you can charge to your credit card. This includes fees, balance transfers from other cards, and cash advances, as well as the purchases you […]

Popularity: 28% [?]

[Read more →]