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 'Credit card'
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
My Experience With a Stolen American Express Card
August 31st, 2009 · No Comments · Credit Cards
Yesterday, I was going through my statement from American Express and noticed that there were a large number of unfamiliar charges. Lots of them – to the tune of $1500, and all of the charges were in Los Angeles, CA. The list was quite entertaining, (especially because I didn’t have to pay [...]
Tags: american express·brick and mortar stores·Credit card·credit card statement·online purchase·point of sale·restaurants·sell information·swiped
Credit Card Companies Instituting “Minimum Annual Purchase” Policies
August 26th, 2009 · No Comments · Banking, Credit Cards
We just learned Citibank is informing their customers it will impose an $35 annual fee unless a minimum of $2400/yr is charge on their credit card accounts. This is, of course, part of the unintended consequences of the new credit card reform laws. We wrote previously wrote about another unintended consequence, the [...]
Tags: american express·annual fee·bank of america·Citibank·Credit card·Discover·minimum annual purchase·Wall Street Journal
Minnesota Attorney General Sues National Arbitration Forum
July 22nd, 2009 · 2 Comments · Consumer Debt, Debt Collection, Legal Stuff
In what looks to be a landmark win for consumers, the Minnesota Attorney General has filed a suit against the Minnesota-based National Arbitration Forum (NAF), also know as the FORUM. The FORUM handles mandatory credit card arbitration cases as well as collection agency arbitration hearings. We’ve written a number of pieces slamming NAF in [...]
Tags: court trial·Credit card·deceptive practices·FORUM·fraudulent public statements·mandatory arbitration·Mann-Bracken·Minn. Stat. ยง 325F.67·Minnesota Attorney General·NAF·National Arbitration Forum
