Credit Scores Fall Dramatically Across the Nation

With our national economy in the worst shape it’s been in since the Great Depression it will come as a surprise to no one that consumer credit scores have then hit hard nationwide. According to the... 

Banks Reign in Overdraft Fees on Debit Cards

A couple of weeks ago we discussed how banks were drawing the ire of their customers and the attention of legislators for charging excessive overdraft fees to their debit card customers. Well it seems... 

Student Credit Cards – A Look at the Advantages and Disadvantages of Having One

There most certainly is a lot of talk about the perils of credit cards lately and most of it has been spurned on by the poor economy. While much of the scorn is well-deserved, some of it is downright nonsense.... 

Default Rates of Credit Card Issuers

Predictably, the financial crisis that we seemingly have weathered has hit credit card issuers especially hard. American Express, Discover, Capital One and Bank of America offer a window into how bad the... 

The Consequences of Missed Credit Card Payments

With the United States mired in the worst economic recession since the Great Depression and unemployment continuing to hover in the double digits, many consumers are now unable to make their credit card... 

Excessive Overdraft Fee Charges May Trigger Debit Card Reform

The lousy economy has forced millions of Americans to turn away from lines of credit and credit cards. They have been increasingly using debit cards to pay for consumer goods and services which is seemingly... 

Consumers Grow Increasingly Less Satisfied with Credit Card Companies

A survey that was recently conducted by highly respected JD Power and Associates reveals something that I’ll bet you’re not going to be too surprised with. Most especially in these tough economic... 

More and More Americans Are Turning to Debit Cards

As an alternative to paying cash or writing checks debit cards have seen exponential growth over the past few years. That growth trend is now being accelerated due to the recession. For the first time... 

Some Helpful Tips In Case Your Interest Rates Suddenly Shoot up

Millions of Americans including yours truly have received notice from their credit card companies saying that the interest rates that they are being charged are about to go higher. Short of paying off...