I just finished reading an amazing New York Times article about what kind of data is known about you by your credit card companies. It didn’t improve my already low opinion of them.
Some of the data potentially kept on file by the credit card companies: your martial status, the best time [...]
Entries Tagged as 'Credit Card Companies'
What Credit Card Companies Know About You is Scary
May 21st, 2009 · No Comments · Consumer Debt
Tags: bank of america·Credit Card Companies·Credit Cards·data·interest and late fees·mathematical models·Percent of Maximum·psychological approach·what you buy
$300 Reward Offered by Credit Card Company to Close Your Account
February 25th, 2009 · No Comments · Consumer Debt, Consumer Info, Credit Cards
The concept of credit card rewards programs is one that is near and dear to my heart, but this sounds too good to be true; $300 cash just to agree to close my account? Tell me more!!!
New York based American Express announced this week that it will pay certain cardholders $300 each (actually, in the [...]
Tags: american express·credit·Credit Card Companies·Credit card debt·credit card rewards·Credit Cards·debt
Old Debt Settlements Can Come Back to Haunt with Large Tax Bite
December 1st, 2008 · 2 Comments · Consumer Debt, Credit Counselor Front Lines, Debt Collection
Q. I settled a debt in 2007 for less than owed, paying $15,000 on a $22,000 debt. I just today received a $7000 1099c for tax year 2007 from the creditor in the mail. Does this actually mean that I have to amend my tax return for 2007?
A. A 1099c is a [...]
Tags: 1099c·Credit Card Companies·Debt Settlement·Forgiven Debt·Insolvency·IRS·Junk Debt Buyers·Taxes
Use Your Credit Cards Wisely – Be a Deadbeat
October 7th, 2008 · 1 Comment · Banking, Credit Cards
Did you know that credit card companies have a special name for customers who pay their bills in full month after month? It is true – they call those customers “deadbeats”. This disparaging term should certainly shed some light on the credit card industry and how it works. This knowledge should also [...]
Tags: Consumers Pay On Time·Credit Card Companies·Deadbeats·High Fees·Interest Rates
