Business Or Professional Credit Cards
With the passing of the CARD act many of the most egregious practices with credit cards have been eliminated for personal credit cards.
But not for business credit cards. A so-called business or professional credit card is not regulated by the CARD act so the...
Kardashian Card Is History
The debit card that was targeted towards teens and had the likeness of the Kardashian sisters on the front has been withdrawn from the market.
250 consumers bought the MasterCard-branded ?Kardashian Kard? since it was launched on November 9 and these people...
Beware Of The Interest Rates On Store Credit Cards
If you must use them at all, that is.
Store credit cards are much more detrimental to your credit score than the typical credit card. After all, 10% of your score is determined by the type of credit that you have. The credit bureaus don't...
The CARD Act of 2009 And The Benefits For Consumers
On February 22, 2010 the Credit Card Accountability Responsibility and Disclosure Act of 2009 took effect. The CARD as it is more popularly known, is a comprehensive credit card reform legislation that is meant to establish ?fair and transparent practices relating to the...
Spending Up But Debt Down
Credit card spending is up this year over the same time as 2009 indicating a bit more confidence from consumers; however, credit card debt has dropped to the lowest level in eight years.
The last time spending was up was the third quarter of 2008...
Auto Lenders Loosening Up Lending
Auto lenders are responding to the bad economy by loosening up a bit.
More and more people with problematic or blemished credit are able to get car loans these days, and that is especially true with the new-car loans.
The average amount financed on vehicle purchases...
No More Unreasonable Late Payment And Penalty Fees
As of Sunday, August 22, 2010, the punishment must fit the crime.
No more paying $35.00 for a $5.00 mistake.
If you don?t have the money in your account yet you use your debit card, you will still get a penalty...
Last Significant Provisions From the CARD Act To Take Effect 8/22
The last of the significant provisions of the CARD act includes
? Requiring penalty fees to be ?reasonable and proportional to the omission or violation? (no more outrageous late fees, etc.)
? Prohibits the credit card issuers from charging a penalty fee of more than $25.00 for...