Current News Articles-
Some credit card companies squeeze most responsible customers -Sat, 31 Jul 2010
Washington Post Friday, July 30, 2010 iStockphoto.com After the recession forced credit card companies to purge their rosters of the riskiest loans, the industry is facing a new dilemma: customers who are too good. Card issuers have long found their bread and butter in penalty fees and high interest rates paid by consumers who carry a balance. But that business model has been upended by the ...
3 Tips for Judging Credit Card Offers -Fri, 30 Jul 2010
Credit card offers: They come through the mail unasked for and they all scream about the great deal waiting for you when you sign on the dotted line. But not all credit card offers are created equally. There's something very important to keep in mind: The interest rates for credit card offers are going up. So to ensure you're getting a good credit card, here are some tips to help you judge the ...
Some debt settlement services are scams -Fri, 30 Jul 2010
Credit counseling and debt settlement services are a booming business. But some companies are scamming desperate consumers, making a bad situation even worse. Chris Oaks this week spoke to Gail Cunningham, vice president of the nonprofit National Foundation for Credit Counseling.
New rules restrict credit counselors -Sat, 31 Jul 2010
The North Platte Telegraph We've all seen the ads, we've received the phone calls. Buried in credit card debt? Want to settle what you owe for pennies on the dollar? Falling for the pitch of companies who promise to help you pay off your debt can cost hundreds of dollars and leave consumers facing the same amount of debt. It's called "front loading," and the Federal Trade Commission is going to ...
How to Get Out of Credit Card Debt in Retirement -Fri, 30 Jul 2010
When you dig yourself into a hole with debt, it's hard to get out. When you're a retired grandmother who doesn't have as much income as she used to, it's doubly hard. Yet that's the situation Norma found herself in, all because she wanted to do nice things for her grandkids. How can she dig her way out of debt? Find out here. read more
Upfront fees barred for debt settlement -Sat, 31 Jul 2010
Companies that promise to reduce or eliminate credit card balances and other debt for customers no longer will be allowed to charge an upfront fee.
Getting relief from 'debt relief' companies -Fri, 30 Jul 2010
Debt Relief, Debt Settlement, and Debt Negotiation companies. Their ads claim that they can reduce or eliminate your unsecured debt, particularly your credit card debt.
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