Credit Cards News. Tag: 'debt'
In an effort to attract borrowers with high and low credit scores in recent months lenders have begun an aggressive marketing of cards that fit the financial needs of anyone.
The interest rates on new credit card offers have remained the same, according to the latest Weekly Credit Card Rate Report, which looks at the APR on various credit cards on the market.
The last many weeks has seen a flood of questions from the taxpayers who have become very upset after receiving 1099-C or 1099-A forms for debt which were in actual forgiven or never paid or were extinguished in bankruptcy.
January 2012 saw an unexpected bombshell when the rating agency Standard & Poor announced that it was downgrading the credit rating of nine European countries.
This month became a nightmare for Americans who have been awakening after holiday spending with a huge debt menace.
USA card holders experienced an increase of 15.14% on average APR rates on credit cards. This increase is a jump from 14.75% rate which was taken by customers just six months ago.
There were many who applauded “Balance Transfer Day” which was scheduled for December 11, 2011. Consumer advocates were keen for consumers to find the lowest possible interest rates and begin to clear their debts.
The latest Federal Reserve reports show that while consumers now have greater access to credit cards, they are continuing to reduce the amount of debt that they owe.
A new paper published by the National Bureau of Economic Research indicates that if a consumer wants to avoid arriving at their retirement with no assets, then they must improve the financial literacy of their household.
We never know when financial disaster will strike. It could come in the form of an unexpected medical emergency or some other type of unexpected bill or expense.
In today’s society it is increasingly important to have an established credit history in your own name. Everyone from mortgage or auto lenders to utilities and prospective employers use credit scores when making decisions that could affect your future.
A new federal watchdog launched on Thursday among a flurry of controversy and uncertainty regarding its leadership, its future and it’s powers. The Consumer Financial Protection Bureau is intended to police all financial products, but many consumers fear it may …