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One type of company is making a killing in the current economic situation. Whereas many credit companies are feeling the pinch of the slow down in consumer spending and debt payments, debt settlement companies are experiencing an uncustomary rise in business.Debt settlement companies offer beleaguered consumers with large credit card debts a way out of their debts at a seemingly lower cost. Many consumers are hooked by the promise of debt settlement companies, and who wouldn’t be? Debt settlemen
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NYTimes.com: Bank Fees Rise as Lenders Try to Offset Losses Visa Signature Partners with Fandango for Exclusive Movie Ticket Perks Reuters: US fines American Express over convenience checks Merchants' Choice Markets Hypercom Optimum to 41,000+ Retailers MasterCard Canada Welcomes Senate Committee's Rejection of Price Controls and Support of Debit Competition 24/7 Wall Street: Citigroup (C) To Jack Up Credit Card Rates On 15 Million Accounts AuctionBytes: BofA, First Data
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Yesterday, the Department of the Treasury sent to Congress specific language for a bill that would create the Consumer Financial Protection Agency . The agency will be dedicated to looking out for American families when they take out loans or use other financial products or services – with a mission to promote access and protect consumers from unscrupulous practices across the market. This new agency will implement and enforce the new credit card bill signed into law by President Obama and Co
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In an article titled " Credit Card Issuers Raising Rates Ahead of New Law ", Nancy Trejos writes for the Washington Post about how some US credit card issuers are raising fees and interest rates ahead of the date when new rules take effect early next year - "much to the irritation of Congress and consumer advocates."
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Fitch Ratings reports that credit card chargeoffs in June were 10.44%, 62% higher on a year over year basis. 60+ day delinquencies set yet another record high at 4.45% this month after dropping seven basis points (bps) in May. Given delinquency and bankruptcy trends, Fitch expects chargeoff increases to decelerate in the coming quarter, although actual improvements are not foreseen at this time.
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Our net worth is up 40% from last month - now at $95k! And we owe it all to my 401(k), baby! I've hinted at some problems with it in the past - we were waiting for it to show correctly in our accounts (long story) - but the good day has came and we're back on track! A whopping $30k on track . I know I've harped on it before, but it just goes to show that consistent saving & investing DOES ADD UP over time. And hopefully you'll be able to watch it grow every month instead of getting
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“And he said unto him, Well, thou good servant: because thou hast been faithful in a very little , have thou authority over ten cities.” Luke 19:17 There are many small ways to reduce costs in our every day lives, so to help do just that each week I post a money saving “Tip of the Week”. This weeks tip involves… Free Personal Finance Templates! Have you been using Microsoft Money or some other priced Personal Finance software, but are now looking for an alternative?  Manage your fi
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By Paul Michael Self-promotion is not easy. Whether you're a high six-figure consultant, or earning $10 an hour in retail, you still have to talk about yourself in the right way. And one of the key ingredients of self-promotion is the resume. Nail it, and you get your foot in the door. Blow it, and you blow your chances at a better job, better career or even a better life. As a professional advertising copywriter, I've been asked many, many times to help friends and relatives with thei
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Filed under: Bargains , Shopping , Technology , Health Today we want to tell you about a new problem sweeping the nation, it's not the swine flu and it's not an addiction to Twilight books but something far more dangerous; IOS. What is this? Information Overload Syndrome is a condition affecting business people everywhere. It is, apprently, the result of trying to manage 281 Exabytes (that's eighteen zeros) of non-stop information that comes in form of emails, attachments, text message
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If you have been following the news, you are probably aware of how much of a crisis the credit card industry is in right now. If you are also one of the many Americans who are having problems with credit card debt, you are probably highly interested in getting rid of those debts quickly.You’ve probably heard of debt consolidation loans, credit counseling options and debt settlement companies. You might also have come across a strange article or news item where some lucky credit card holder was a
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