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As a follow up to yesterday’s guest post, here’s an article written by TIME that says the real problem with credit cards is the cardholders. Credit-card companies, though, may not be the only ones we need to be protected from. Every penny of Americans’ nearly $1 trillion in revolving debt started with someone — some individual [...]
Understandably, American consumers are now scrambling for every available means of maintaining their finances. A large debt is a huge drain on the monthly income and is therefore something which should be settled as quickly as possible. Skipping on debt payment is an option and, indeed many consumers carrying debts too big to handle are opting for it. However, in the long run, it is a disastrous solution. The best way to get rid of debt is to pay it off. The problem is that, in the current econo
BusinessWeek: Credit-Card Companies: Who Qualifies Now? Acxiom cuts pay, employee benefits Seeking Alpha: Why Credit Card Interchange Fees Should Come Down Heartland Payment Systems Selects MicroStrategy to Deliver Enhanced Reporting Capabilities to its Customers Heartland Payment Systems Enhances Campus Dining Point-of-Sale Systems WSJ: VisaNet IPO Puts a Charge Into J.P. Morgan Delta Community Credit Union Selects Mobile MoneySM from Fiserv Reuters: Vi
Get out of Debt – Top 5 Reasons you need to Consolidate Loans Executive summary by: Dion Semeniuk Consumer credit has reached an all-time high, leaving more and more people in debt. While we need consumer spending to maintain and grow the economy, when money and credit are misused, disaster strikes. In truth, there are options for getting out of debt , staying out of debt , and rebuilding damaged credit . Below, you will find the top five reasons for taking back control of yo
When I went to recycle an old box of Honey Nut Cheerios last night a small silver package fell out of the container.  Now I’m sure my wife would have just thrown it away without opening it but I’m a sucker for free stuff (even if it’s a toy in a box of cereal) so I peeled open the plastic.  I was certainly surprised to see what was what looked to be a Discover credit card!  I flipped the card over and read the back; turns out it’s a cash card, ours is loaded with $5.  I went to the website li
At the moment, seeing your credit card interest rates rise could be the worst possible thing. Unfortunately, this is exactly what is going to happen to millions of credit cardholders. In fact, it has already begun. If you are one of the credit cardholders who carry a balance on your credit card and your current interest rate is below 10%, you may soon see your credit card interest rates jump to double figures.Major credit card companies American Express, Citibank, HSBC, Capital One and Bank of A
Amidst all the shouting of credit cardholders over how they are being fleeced by credit card companies, it is sometimes difficult to see that credit card companies themselves are suffering in the current credit card crisis.Credit cardholders, both good and bad, have a huge effect on how a credit card company flourishes or flounders in the current economy. In the case of bad credit cardholders, the cause and effect are quite obvious to see. Bad credit cardholders cost credit card companies a lot
By the time you read this, we’ll be deep into a roughly 3k mile roadtrip. The good news is that the bulk of the driving is packed into the first and last couple of days. As such, we’ll be able to recover (and fish, swim, etc.) in between. The better news is that I’ve lined up a number of great guest posts to fill the gaps in my absence. While I’m hoping to pop in from time to time, don’t be surprised if I’m slow to respond to comments, and please don’t be offended if I don’t answer your e-mail
Credit scores are often talked about and we are all told it is more than a great idea to apply for a free credit check report online to see what yours is. Not only may well your credit score determine whether or not you are offered the loan that you are about to apply to, it will also determine, to an extent, whether the lender offers you the best APR rate that they have on offer, the APR rate for the worst risk cases or somewhere in between. Having a bad credit score not only makes it more di
The main categories of annuities are a fixed annuity and a variable annuity. Annuity contracts may be issued only by life insurance companies and are regulated by individual States. Deciding on which type of annuity is best suited for you will require some research and maybe even a financial consultant’s help. Fixed Annuities The fixed annuity interest rate [...]