credit card score

Credit Card Use Is Down

November 30, 2010

Over the past year more than 8 million consumers have eliminated their credit cards. Only about 62 million people have an active credit card now compared with 70 million a year ago. Some of the speculation is that people fell behind on their payments due to the recession and that the loss of the credit [...]

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Deceptive Credit Card Offers

September 21, 2010

Credit card companies are sending out some pretty deceptive solicitations despite the increased regulations with the CARD act. For example “0% APR”, read the fine print and you will see how easily that 0% can turn into 29.99%….. Or “Low APR”, apparently the word “low” lies in the eye of the beholder, is 18% still [...]

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Credit Card Cutbacks

July 12, 2010

But is it the consumers or the banks? Credit card debt, which has had a continuous rise since the Federal Reserve started tracking it in 1968 until September of 2008, is continuing now in a steady decline. At this time the average amount of revolving credit is 15% lower than at its peak and it [...]

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A Great Credit Card Customer

May 19, 2010

You may have heard someone say, “I’m a great credit card customer. I pay off my balance every month”. Well, yes and no. Yes, it is good for you as a consumer to pay off your debt every month. You never get behind, you never have a late payment, and you avoid being overextended on [...]

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New Warnings For Credit Card Consumers

March 1, 2010

The new regulations of the Credit Card Act of 2009 went into effect on February 22, 2010. Many of the new regulations will have a positive effect on consumers as credit card issuers will now have to conform to stiffer regulations regarding such things as raising interest rates on e Tweet

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Final Rules For Credit Card Act

January 15, 2010

On Tuesday, January 12, 2010 the Federal Reserve Board approved the final rules amending Regulation Z also known as Truth in Lending in order to implement the provisions of CARD or the Credit Card Accountability Responsibility and Disclosure Act of 2009, which will become effective February 22, 2010. Some of the high points of CARD [...]

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Balance Transfers Of Credit Card Debt

January 4, 2010

While transferring the balance on a higher interest rate credit card to a lower interest rate credit card may seem like a “ no-brainer”, the fact is that many times there are more things to consider and you still need to read the fine print. Here is a good article on balance transfers that addresses [...]

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Accept Credit Cards? There’s An App For That

January 4, 2010

A new product that will be competing with Square, the first mobile payment system, iPhone and iPod accessory maker Morphie is unveiling a new app that can turn your iPhone into a credit card reader. A credit card attachment will allow you to accept payments by swiping the customer’s credit card. The attachment will also [...]

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Credit Card Blunders

December 16, 2009

Just how bad are the top credit card blunders that people make? Things like paying late, getting excessive cash advances, paying only the minimum payment and more? Here is a 10-point scale on How Bad Are Your Credit Card Mistakes? Tweet

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Read The Mail From Your Credit Cards And Banks

December 16, 2009

You are likely getting some mail from your credit card issuers and while it may look as if it’s junk mail there may be some very important disclosures that you need to read. Until February 22 when the final part of CARD takes effect, the credit card companies can raise interest rates on existing balances, [...]

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