Credit cards
Credit cards are sometimes a good alternative to a payday loan.

Lenders Watching Credit Cards And How Consumers Use Them

Companies issuing credit cards are taking on a new tactic to monitor their risk. Now they are watching, and compiling, what borrowers are spending their money on and where they are shopping. How do they monitor credit card risk? The purpose is to calculate who may be a credit risk and methodically weed them out
Changes in the credit card industry hit consumers hard. Payday loans may indeed be the more viable option for cash-conscious consumers. (Photo:

Payday Loans Becoming a Viable Option to Credit Limits

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.  Normally credit card companies
Two women discussing credit card debt relief.

Efficient tips for reaching credit card debt relief

There are many efficient tips for reaching credit card debt relief. However, if you find yourself struggling under the grips of debt, you may sometimes feel as if there is no way out of your situation. Nevertheless, there are many different techniques you can use to overcome the debt that you have acquired throughout your
a credit card swipe at the register

Last round of new credit card rules limit late payment fees

The final package of new credit card rules went into effect Sunday. The latest rules limit late payment fees and other penalties. This completes a major overhaul of the credit card industry that was set into motion by the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009. One of the newest federal laws
an illustration of a hand stuffing money in a mortarboard

Student loan debt exceeds credit card debt as college costs rise

Americans now owe more for their student loans than their credit card debt. While people are paying down their credit card balances in the aftermath of the financial crisis, college costs continue to rise. Some analysts say less consumer protection for student loans than other types of borrowing is a reason for the trend. Others
Credit cards should be used carefully. However, if you need a car, the incentives available now could make using a credit card to buy a car feasible. (Photo:

It’s the Right Time to Use Credit Cards to Buy a Car

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 Americans are in no
That's a monster of an APR you've got there, First Premier Bank. Give me a payday loan instead!

80 Percent APR Credit Card Terrorizes Consumers

First Premier Bank Skirts Credit Card Law with Subprime Credit Card Back in June of 2009, Deborah Weiss of Personal Money Store reported about how the new credit card laws could backfire on hard-working Americans. It’s unlikely that President Obama or most members of Congress could have predicted then just how much of an end-around
A stack of credit card mail offers, with diagrams that highlight the major card issuers and the three major credit bureaus.

Recovery Watch: Credit card mail has increased dramatically

Most people find a mailbox filled with credit card offers unappealing, but look at the bright side: It’s a sign that the squeeze on consumer credit may be loosening. Bankrate reports that the consumer credit industry has experienced a kind of renaissance when it comes to credit card mail offers. The Mintel Comperemedia study found
American Express

American express to issue a new prepaid debit card

American Express will start issuing a new prepaid debit card June 21. The company, previously known for aiming at higher-end, luxury buyers, is staking new ground by targeting the average consumer. Other card-issuers are expected to follow suit. Building on the PASS card Lat year, American Express introduced the PASS prepaid card, designed to help

Anonymous takes MasterCard down | Visa next in Operation Payback

In an attack coordinated on the 4Chan message board, a group that calls itself Anonymous has pulled the MasterCard website down. This denial-of-service attack has been dubbed “Operation Payback.” The Anonymous attack on MasterCard was in response to the card company taking down WikiLeaks donations. Anonymous attack on MasterCard This morning, the MasterCard website was
Paying off debt

Pay down credit card debt | Using science to pay it down faster

If you are working to pay down credit card debt, you have a lot of choices to make. Depending on how many cards you have and the amount of credit card debt, maximizing your money can be tough. Science has shown that the decisions most people make to pay down credit card debt should be
Visa card

Rush Card | Pros and cons of prepaid cards

Rush Card is one of the many pre-paid credit card options available. The Rushcard service, like most prepaid cards, has features that can make it very useful, especially for people who cannot get regular loans or do not want a regular credit card. However, before you make a decision about getting a Rush Card, it
Credit Cards

Small businesses relying more on credit cards

Contrary to popular belief, there is still credit for small businesses to obtain. Unfortunately, the credit they can obtain isn’t in the form of a business loan from a bank or the Small Business Administration as much anymore.  These days, more small businesses are having to rely on credit cards.  A lot of funding that

How To Go About Organizing Your Bills

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 like the 800-pound ogre

Prepaid Credit Cards Can Help Build Your Credit

What is a prepaid credit card? In the current credit crunch, obtaining credit has become more difficult than ever. Even people who previously had no trouble requesting credit cards or loans are finding their applications turned down in this grim financial market. Unfortunately, however, credit cards are required for many different transactions, from renting a
Credit cards are an important part of consumer finance. Understand them well! (Photo:

To Manage Finances, Consumers Must Understand Credit Cards

Learn to Manage Credit Cards Consumers are suffering financially due to the recession and need to know how to manage their credit cards, savings and investment accounts. In today’s society, credit cards are a staple. Their convenience and many uses make them one of the easiest ways of purchasing items. Unfortunately, they are also a
Credit card

30 percent interest for late payments at Bank of America

Just because there are new rules for how banks can raise credit card interest rates does not mean banks will not raise them. Bank of America, for instance, has been reported as raising interest rates to 30 percent for missing a single payment. The increased regulation is making some differences, but may not be as