As if economic indicators were not already bad enough, there is news that Americans have increased spending and credit card debt. In addition, they are tapping into their savings and retirement accounts as well as money set aside for education. These trends are troubling many financial experts as they delve into the causes. Charles Evans, [...]
Read More...Archive for the credit cards Category
Americans Increasing Credit Card Debt And Tapping Into Savings
By JCoxen on Friday, January 27th, 2012 | No Comments
New U.S. Credit Card Legislation Takes Effect
Last week, the comprehensive Dodd-Frank Wall Street Reform and Consumer Protection Act went into effect. Under this law, lending institutions must provide consumers who are denied credit with a free copy of their credit score and an explanation regarding the reason for rejection. The act applies to consumers rejected for student loans, car loans including [...]
Read More...US Consumer Credit Card Debt News Is Mixed
By JCoxen on Thursday, July 28th, 2011 | No Comments
According to the U.S. Credit Score Climate Report, consumer credit card debt is declining. Between January and June 2011, consumer debt declined ten percent to an average of $6,472. Credit card issuers are now rewarding consumers for their effort to better manage their debt. Underwriting standards are becoming looser, increasing individual credit line limits. Millions [...]
Read More...Ways To Find A Low Cost Credit Card
By JCoxen on Wednesday, July 20th, 2011 | No Comments
Credit cards are necessary when cash is not immediately available for a purchase. The way to avoid slipping into the abyss of credit card debt is to use this credit wisely. Another smart move is to find the cheapest credit card available because this will save a lot of money over the long-term. Finding the [...]
Read More...Financial Web Site Offers More Than Just Credit Card Reviews
By JCoxen on Wednesday, July 20th, 2011 | No Comments
CreditQ.com is a financial Web site that features much more than credit card reviews. The site contains various financial tools and resources for business and personal consumers. This includes updated financial information and useful tips regarding the best credit cards and investment strategies. Whether consumers are in a good or bad position financially, they can [...]
Read More...Credit Cards For Individuals With Poor Credit Feature High Interest Rates
By JCoxen on Monday, June 6th, 2011 | No Comments
As costs rise at the fuel pump and grocery store, people are searching high and low to get financial help. If their credit score is bad, they may have trouble finding a monetary life ring. When they do not qualify for bank loans, some people turn to payday loans, while others seek assistance from [...]
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