Getting a credit card in a good economy is a very easy task. In a good economy, companies will extend you credit even if you have a poor credit score. The credit these companies extend will not be good (i.e., the credit card will have numerous fees and an extremely high interest rate), but these [...]
Entries Tagged as 'Banking'
Getting a Credit Card With Bad Credit in a Tight Market
November 2nd, 2009 · No Comments · Credit Cards, Credit Repair
Tags: bad credit·Banking·banking relationships·Credit card·Credit Score·credit union·economy·good deals·secured cards·shop·tight credit market
Overdraft Fee Legislation Gaining Momentum
October 21st, 2009 · 4 Comments · Banking
Sen. Chris Dodd’s battle against banking overdraft fees continues. He introduced a bill on October 19, covering ATM and debit-card transactions as well as checks. Several other Senators are on board with the reform, as the bill is co-sponsored by Senator Charles Schumer D-NY, Sen. Jack Reed D-RI,who is chairman of the Senate [...]
Tags: bailout·Banking·Banking Industry·bounced checks·Chris Dodd·credit card fees·Diane Rehm·FAIR Overdraft Coverage Act·opt-in·Overdraft·proportional fees
Even After New Credit Card Laws, Interest Rates Can Increase – Without Notification
August 24th, 2009 · 1 Comment · Consumer Debt
We’ve written about the
Tags: bank of america·Banking·Chase·credit card reform laws·Credit Cards·Fed Rate·Federal Reserve·interest rate·notification·prime rate·variable rate
House passes Credit Card Reform Act
September 25th, 2008 · 1 Comment · Credit Cards
On Tuesday, September 23, the House passed the Credit Card Reform Act, which we’ve been following here in this blog. This is great news! The bad news? Congress is totally tied up with the economic bail out, so the Senate may ignore this bill. Let’s hope not. As we [...]
Tags: Banking·Credit card·Economic Crisis·FTC·House of Representitives·Reform Act·Senate
