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It’s about time. In new legislation geared towards protection for people with credit card debt, the Federal Trade Commission (FTC) also added some protections for people from debt consolidation agencies. The most sweeping part of the legislation is that debt consolidation companies can no longer collect money up front before they start helping you. Here’s [...]
Actually, it’s just a bit longer than a month. By August 15th, consumers are supposed to make a decision with their bank accounts as to whether they want overdraft protection or not. It’s something I originally wrote about in February, but since we’re close to the date I felt it was a good time to [...]
Finally a few more protections from the people who issued credit cards have gone into place. As of last Tuesday, laws were enacted that state if you make a late payment credit card companies can only hit you up for $25 late fee if it happens only once, and then no more than $35 if [...]
By now, everyone knows that there’s been a credit card reform bill that was supposed to make a lot of positive changes for consumers. Truthfully, there have been some nice changes, especially if you’ve taken a look at your credit card bill and seen the little graph that shows how your balance will be paid [...]
Every once in awhile I take a good look at my credit card statement. It’s something I didn’t used to check until one day, about 5 years ago, I noticed I was being charged for something that I couldn’t ever remember signing up for. It turned out I’d been being billed for something nearly 2 [...]
Interesting days for JP Morgan Chase, if you ask me. On the financial front, things look pretty good. They just reported another profitable quarter, $3.3 billion in profits, up 55% from last year at this time. Sure, last year was bad for awhile, but no one scoffs much as that type of profit number. They’ve [...]
When you are comparing credit cards, are you putting the right amount of emphasis on the credit card merchant? The card merchant is not always the bank issuing the credit card, and when you are comparing a Visa card to a MasterCard to an American Express card, you may not be clear about whether the [...]
