In July, we wrote about credit card companies who were lowering credit limits on credit cards in an attempt to minimize their exposure to the credit markets. The accounts with lowered credit limits were current with payments being made on time.
Now American Express is aggressively cutting spending limits on consumer accounts and is being […]

Popularity: 19% [?]

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I explained in an earlier post that many of the new credit cards contained an RFID chip which could potentially let credit card hackers still your information.
To summarize the previous article, credit card companies want to use RFID chips in their credit cards instead of magnetic stripes. The problem is that anyone with a […]

Popularity: 18% [?]

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No, these settlemensts weren’t made with the collection agency, but with the credit card companies themselves.
Just talked to a client today about his debt settlement techniques. He had a few cards to go, but did really well working with MBNA and Chase bank. He settled with Chase for 25% and MBNA for […]

Popularity: 8% [?]

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