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 [...]
This is a guest post by Raine Parker
We’ve all been there. Credit card companies or banks make an enticing offer with a low introductory interest rate and a credit limit that’s half your annual income. Before you know it, you’re in debt for thousands of dollars with no idea how to [...]
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 [...]
This was expected. Citigroup announced that they had lost around $1.6 billion in the 4th quarter of 2009, mainly from trying to pay off the federal government, and that ends up giving them a loss of $7.6 billion for the year.
That’s certainly not the best news for a banking system [...]
An article on the Wall Street Journal website titled Debt-Cutting Will Slow Global Growth prophesized that debt cutting efforts by the United States and other countries, and by all the consumers, will slow economic growth for many years, which wouldn’t be a good thing for most economies.
It’s an interesting premise, and [...]