Posted on Saturday, 16th January 2010 by admin
Your income may become a more important factor in determining whether you’ll be approved for a credit card, according to a post in the WSJ. The paper said beginning in February, credit card companies will be required (Credit Card Bill of Rights) to consider an applicant’s income or assets/current debt before extending credit to ensure [...]
Tags: Card, Credit Card
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Posted on Monday, 11th January 2010 by admin
Credit card consolidation can be a beneficial way to pay down debts. If you are considering this avenue, make sure that you get the lowest interest rate and the best terms available. Below are the ways in which you can use consolidation to achieve one low monthly payment: Home Equity Loans By putting your house [...]
Tags: Card, Card Consolidation, Credit Card, Credit Card Consolidation
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Posted on Tuesday, 29th December 2009 by admin
The Credit CARD Act of 2009 was enacted to reform how credit cards work. Dubbed the Credit Card Bill of Rights, it bans universal default rates, curbs fees, limits penalties, and much more. On May 22, 2009, President Obama signed the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009. This new law was [...]
Tags: Act, Card Act, Credit Card, Credit Card Act
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Posted on Tuesday, 29th December 2009 by admin
The problem with imposing new rules on credit card issuers is their ability to quickly circumvent them and come up with new ways to make money. It’s quite evident if you look at what First Premier Bank, a subprime credit card issuer, has done recently to skirt the impending rule changes set to take effect [...]
Tags: Card, Credit Card
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