Two hidden loopholes in the CARD Act can leave consumers paying high interest charges that can quickly snowball. . . . → Read More: Look Out for Hidden CARD Loopholes
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Reprinted with permission from Huffington Post 7-13-11 One newspaper article in 1997 told me all I needed to know about the business model for the credit card industry. Beneficial National Bank, the credit card lender for BJ’s Warehouse, notified 12,000 of its customers that it was revoking their credit card privileges. A logical guess would be that they . . . → Read More: Bankruptcy is the Cost of the Way the Credit Card Industry Does Business Americans are shifting how they use credit cards in response to the recession. . . . → Read More: Is there a Right Way to Use Credit Cards? Those ‘reward’ credit cards in your wallet may not be as beneficial as you think. . . . → Read More: What’s in your wallet may not be as good as you think. Understanding the differences between debt consolidation, debt management and consumer credit counseling can save you thousands. . . . → Read More: In Over Your Head? Once the nation’s wealthiest class, today’s retirees are faced with unprecedented financial troubles that often lead to bankruptcy court. . . . → Read More: Bankruptcy of the Elder Class U.S. bankruptcies increased 35% over the last year with 1.3 million bankruptcy cases filed. . . . → Read More: Bankruptcies on the Rise amid Economic Recovery Big Changes Coming for the Credit Card Industry The credit card industry is beginning some major shifts in response to requirements put forth in the Credit Card Accountability, Responsibility and Disclosure (CARD) Act signed into law on May 22, 2009. The law was enacted to help American consumers who were battling years of unfair rate hikes and . . . → Read More: Watch Out for Rising Credit Card Rates Consumers have rights throughout the debt collection process. Here’s what you should know. . . . → Read More: Be on the Look Out for Credit Fraud |
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