There’s something that’s been going on for at least the last 6 to 9 months that I hope no one has fallen for.
What happens is you get a call from someone telling you that there’s something wrong or getting ready to happen to your current credit card, and that you need [...]
With the new credit card legislation came another new provision that effectively takes a lot of non-voluntary money away from banks.
Overdraft fees were a big thing for banks. At some point, they started charging fees to people while still paying bills if you happened to go over your limit. [...]
On Monday, the CARD law that was passed last May finally goes into effect, which is supposed to offer lots of protections to Americans that these greedy banks have been throwing at us. Well, at least things the law addressed before banks had time to change some things up before [...]
Last June, I wrote a post asking if we really needed credit cards, and came to the conclusion that yes, we did. At least one credit card, since there are many entities that will require proof that it’s you via a credit card, or won’t hold something for you unless [...]
I know that some people believed I was sounding a very negative death knell against the credit card industry last year. I went fairly easy on American Express because, after all, it’s not associated with any banks and their practices, for the most part, have been pretty fair.
But for everyone [...]
Yup, you read that correctly. It seems that First Premier Bank has decided that it can skirt new credit card regulations by offering a credit card with an annual interest rate of 79.9% to people with bad credit. The maximum they can have on the card is $300, and [...]
I’ve been on this minor rant for a few months against credit scores and some of the things financial advisors have been telling people in regards to making sure their credit scores don’t fall by cutting up credit cards. They’re telling people not to do this, even as banks have [...]