Bills, Bills, Bills
You see them every day, and you hate to open them. What more exciting news could they possibly bring than reminding you of your obligation? Don’t they realize there is a recession going on? Do they think you have extra cash lying around? Rather than looking at them [...]
Summer plans
Now that the recession is leveling off, many people are getting ready to start using their credit cards again. Because the economy is projected to reach its turnaround point mid-summer, consumers are looking to use their cards to pay for summer vacations.
Marilyn Dean of Los Angeles, California stated, [...]
Car Buying in a Recession
If consumers are in the need of a car, this may be the right time to use credit cards to do it. Most dealerships have huge inventories and no way to get rid of them. The recession has put auto dealers in difficult positions, since most [...]
Settling Debt
A new study is showing that many lending companies are settling debts on delinquent credit cards. As a new way of mitigating losses, many credit card companies are settling cards for notably less than the total amounts owed. Edward McClelland, a writer in Chicago, is a consumer who had [...]
Temper, Temper, Novak Djokovic
“Use one of your credit cards, Novak!” I shout from my semi-comatose position on the couch. I just witnessed a tennis player’s breakdown that’s going to cost him money, maybe lots of it. Novak Djokovic missed a tiny little lob over the net and smashed his racquet [...]
Banks and credit cards
Banks have suffered through the recession with huge mortgage industry defaults, but a new fear that credit cards will do the same is looming. Ken Lewis, Bank of America CEO, stated he believes that despite the government’s $700 billion rescue program, it will be “an awful year” [...]
Why Use Credit Cards When There Are Payday Loans?
Credit cards have proven to be both a useful tool in establishing a credit history and a bane to those consumers who hope to maintain a good credit history. The temptation to “swipe and go” has been actively cultivated by the American [...]
A troubled market
Lenders are starting to offer credit cards to consumers again. It’s no secret that lending to troubled borrowers was the beginning of the credit-industry downfall. Have credit card companies learned a lesson? Or are they headed down the same road again?
Brenda Jerez, who recently overcame credit problems [...]
Obama calls for immediate credit card reform
Consumers are still relying on payday loans to make ends meet as President Obama calls for credit card reform. The President is demanding a credit card reform bill by the end of this month. “Americans know that they have a responsibility to live within [...]
Consumers and Payday Loans
Payday loans are proving themselves to be lifesavers in today’s economy. Traditional lenders are closing doors quickly to extending credit and it’s leaving Americans in a panic. Bills are being left until last minute, expenses are being cut drastically and families are downsizing to handle the strain. [...]
Running From My Credit Card Nightmare
I’ll be honest with you. My history with credit cards was nothing to write home about. In fact, it was downright scary.
I’d been irresponsible. When I was young, I thought that money was easy to come by, as my parents seemed able to buy me [...]
Unclear on Your Financial Goals? Don’t Invest!
The one thing you need to do in order to prepare for investing, besides applying for a short term loan, is to get completely clear on your financial goals. This will help to determine how much you need to invest, as well as how [...]
The Lure of Convenience Foods
Ever wonder how you can rack up such a huge credit card debt so fast? Many people tend to use their credit cards at grocery stores, mostly buying convenience foods. Why the lure of these items? Why is it that people would rather spend money on [...]
Yes on H.R. 627, in spite of the CRL’s support
I am not a fan of the Center For Responsible Lending. It isn’t because I’m against responsible lending, it’s because at the root, they do not in fact advocate responsible lending. Any group whose leadership supports toxic housing market activities of [...]
Before you use your credit card
The most powerful votes we cast are the little choices we make every day. We put a lot of time and effort into debating and formulating world-wide environmental issues and solutions. But on Earth Day it seems appropriate for us to stand back [...]
American Express cheated him
For those of us who have ever been stung by the deceptive or outright harmful practices of credit card companies before, NewCreditRules.com’s Kevin Johnson is in our corner. As he shows us, personal loans are a much safer route for emergency funds than the old plastic.
Recently, he [...]
Company offers select customers reward
American Express customers who can pay off all of the cash advances and charges on their credit cards might be eligible for a cash reward.
The company has sent letters to certain customers who could qualify to get $300 if they pay off their full balances in [...]
Carried away with credit cards
Online payday loans and traditional personal loans are two very different types of credit. It’s important to know how to use each one so you don’t end up with overwhelming debt later.
I remember when I first started college. I was a great example of how NOT [...]
Shop at Wal-Mart, American Express Lowers Your Limit
Kevin Drum blogs on Mother Jones that there’s yet another reason to rely upon a cash advance when you need emergency funds. Actually, that’s my interpretation, because it’s an easy connection to make. And for many thousands of people, it would be exceedingly [...]