Credit Cards And College Students

One of the provisions of the Credit Card Accountability, Responsibility and Disclosure Act or CARD, is that individuals under the age of 21 must get a co-signor in order to get a credit card, unless they can prove that they have sufficient income or...

Delinquencies and New Debt Both Down

Delinquency rates on consumer debt is falling as fewer Americans are falling behind on their debt compared to prior to and earlier on in the current recession. But in good news for consumers and bad news for lenders and credit card companies, they are also...

Credit Card Rate Reduction Scams

In these times of credit card and credit upheaval, of course, there are more and more scams against the public taking place. Today the Association of Settlement Companies or TASC, the leading trade association for the debt settlement industry, has offered a warning for consumers...

Profiling Credit Card Users

Can the stores you choose to shop at indicate whether or not you may default on your credit card? And regardless of your answer to the first question, do credit card companies have a right to ?profile? their customers based upon where they have used...

Employment And Credit Checks

If you are applying for a job and the employer requests a credit check, they can?t do it without your permission, however, if you don?t give your permission that could be the deal breaker right there. And, if you have been out of a job...

Modification Scams

Loan origination scams may not be on the rise now but the economy has sparked a whole new wave of mortgage scams in the form of modification scams. There will always be those that will try to profit from the misfortunes of others.

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...

Credit Card Fees

A recent article in USA today caught my eye. "Latest Bank Fee Is For Paying Off Your Credit Card On Time Every Month". Apparently some banks are now starting to charge annual fees for inactivity, meaning that if you have a card but you don't use...