When I look at a client’s credit report and he or she asks me how they can build their credit, I always recommend getting new credit. A great way to do this is to apply for secured credit cards. Even people with bad credit can get them. With the Credit Card Accountability Responsibility And Disclosure [...]
Entries Tagged as 'Credit Limits'
What’s New in Secured Credit Cards After New Laws Take Effect
February 9th, 2010 · 3 Comments · Credit Cards
Tags: Credit Cards·Credit Limits·credit unions·Fees·Social Security Deposits
AmEx Reducing Credit Limits Based on What You Buy. Where You Live
October 9th, 2008 · 11 Comments · Credit Cards, Mortgages
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 [...]
Tags: american express·AmEx·Credit Cards·Credit Limits·Mortgage·Spending Limits
Credit Consumerism Still Able to Prop Up the Economy?
August 29th, 2008 · No Comments · Consumer Debt
Buying things on credit cards has never been easier and consumers have taken advantage. Experian reports that the average household has $16,000+ in debt other than mortgages. Online shopping is ubiquitous; Ebay has just announced that they will be no longer accepting checks and will only accept credit card purchases and PayPal on their fixed [...]
Tags: consumer spending habits·Credit Cards·Credit Consumerism·Credit Limits·Economy·Mortgage·Real Estate
