It would seem responsible to insure your credit card— if you use it frequently, you’d want to protect your account from misuse or depletion, right?
That depends on how relevant the “protection” is. Continue reading
It would seem responsible to insure your credit card— if you use it frequently, you’d want to protect your account from misuse or depletion, right?
That depends on how relevant the “protection” is. Continue reading
The Credit CARD Act of 2009 was recently signed into law by Barack Obama. This law will come into effect February 22, 2010 and focuses on three main areas: consumer disclosure, consumer protection, and young consumer protection. Continue reading
For the many of you who might use your credit cards more than others, you might notice some of the rules will change for the credit card companies. Previous to May of this year, some credit card companies might have been promoting some not-so-awesome policies toward card holders. However, Congress and the current administration pushed through the Credit Cardholder’s Bill of Rights Act of 2009, which by law has ended many of these foul practices by credit card companies. Continue reading
Credit card reform has been long in coming, and given lenders’ nearly free reign to manipulate rates, any form of cardholder protection is wonderful. Continue reading
Unless you haven’t had a TV or radio for the last several years, you’ve been bombarded with catchy songs advertising a website called “freecreditreport.com”. Perhaps you’ve even sung along. Continue reading
On December 4, 2003, the Fair and Accurate Credit Transactions Act (FACTA) was signed into law, intended to protect consumers from the dangers of identity theft by regulating credit companies. Continue reading
Here’s a cool little fact: for most credit cards, you can change the payment due date.
Why would I do this? For one, you can arrange it so that all your credit cards are due on the same day. This takes pressure off having to remember which one is which, and you can pay all in one fellow swoop. Continue reading
Some consumers’ credit is so lousy, they cannot even qualify for credit cards. Others haven’t consistent enough income to be approved, and some have no credit at all. All these types have become interested in pre-paid credit cards. Continue reading
Everyone knows, catchy jingles aside, that credit scores are incredibly important. They can determine whether or not you will be given a loan, a mortgage, or what your interest rates will be for leasing a big-ticket item such as a car. This is why in recent years companies have begun capitalizing on the importance of the three digit number. There are a number of places to turn, but which is the best? Continue reading
The Credit CARD Act of 2009 was a game changer for how credit card companies managed risk and earned profits. Many of the anti-consumer practices that were criticized by congressional leaders have been curbed through this law. Here are the key provisions for most consumers. Continue reading
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