Recently, I was asked about credit cards and banks by a friend of mine. I told her about credit unions and why I thought they were so much better than banks. For a brief review, you can read my article about the credit union revolution. A few days later, I received the following email, which [...]
Entries Tagged as 'credit unions'
A Happy Ex-Bank Customer Speaks About Her Desertion
February 5th, 2010 · 2 Comments · Banking
Tags: banks·Checking Account·Credit Cards·credit unions·direct deposit·Mastercard·power of attorney
How Can I Reduce the Rates on My Credit Cards?
January 29th, 2010 · No Comments · Credit Cards, Credit Counselor Front Lines
Q. Do you have any thoughts or recommendations for an individual that has $50,000 high interest credit card balance(s) – mostly American Express. She needs the cards to run her current business – so she doesn’t wish to cancel the cards – and can’t get the credit card companies to lower the rate. A. I’m [...]
Tags: banks·Credit card debt·Credit Card Payments·credit unions·high interest·Interest Rates·line of credit·signature loan
Tired of Banks? Try the Credit Union Revolution
January 15th, 2010 · No Comments · Banking
Two of my favorite writers, Liz Pulliam Weston and Bill Maher, suggested in recent columns that now may be the time to leave your bank and join a credit union. Ms. Weston’s advice was more along the lines of informing her readers that “you can get better interest rates and better treatment at a member-owned [...]
Tags: banks·Bill Maher·board of directors·credit unions·financial system·Huffington Post·Humor·Liz Pulliam Weston·move your money
Credit Union Industry Worried about New “Cramdown” Legislation
March 3rd, 2009 · 5 Comments · Bankruptcy
One of the economic turn around proposals being kicked around includes legislation allowing bankruptcy judges who preside over Chapter 13 bankruptcies to reduce the principal amount of mortgages. This is being dubbed the “cramdown” of the mortgage principal into a smaller amount. A friend of mine received an electronic pamphlet from her credit union extolling [...]
Tags: Bankruptcy·Chapter 13·cramdown·credit unions·housing crisis·legislation·Mortgages
