Credit card interest rates are SOARING to all-time new highs according to this week’s report by CNN (found HERE). The average interest rates for plastic are now hovering around 15%. If your credit is poor however, you can pay dearly. In fact, credit challenged consumers with low scores can be expected to pay ridiculous rates, up [...]
Black Friday deals, sleeping in tents outside big box retailers, stampeding department stores. It’s all part of the holiday rush to find a deal. There are some deals however that should definitely be avoided. This year, bargain hunters are faced with a very tempting offer. Credit card companies are offering rewards to cardholders that use credit [...]
It seems debt collectors and debt collection agencies are getting more tech savvy these days. In the past, collectors would use things like ’skip-tracing’, personal investigations, phone records, and utility bills to find you. Their job seems to be getting easier now with the advent of social media. Facebook, My Space, Linked In and Twitter are [...]
If you have difficulties curbing your spending and getting out of debt with your credit cards, you are not alone. Hundreds of thousands of Americans still struggle with credit card debt. Credit card debt is a never ending cycle. Credit card companies know this, and by keeping you in debt, they profit by millions of [...]
The latest reports are in. Graduating students owe approximately $23,000 in student loan debt on average. This translates into over $830 billion dollars in student loan debt nationally. Compare that to the just over $825 billion in credit card debt and we have a winner! Not really. You see, any federally funded student loan debt cannot [...]
Last week was a bad week for the credit card giant Chase. Plagued with online services problems, their internet commerce site went down on Monday night September 13, 2010 and was out all day Tuesday the following day. Chase reported that their site was available again on Wednesday for customer access but online users were greeted [...]
The credit reporting agencies have stated that US credit card debt balances are at an all-time low; the lowest in 8 years according to the release. Americans continue to pay down their debt. Perhaps the economy and employment rates have curtailed spending? Through the second quarter of this year, the average US credit card balance [...]
Job seekers today are finding it a difficult search for employment. Layoffs, cutbacks, and a rather sluggish economy have made a time of it for people looking for work. There is now however another obstacle that people may not realize when interviewing for positions; credit checks. An ever growing number of employers are now using [...]
We’ve written about this before. If you have unpaid credit card debt or other unsecured debt you cannot repay, expect to be pursued. According to the FTC, you can now expect to be harassed. As you may know, when your late payments on a credit card reach a certain time (typically 9-10 months), your creditor [...]
Don’t worry, all the new legislation and laws that are coming about credit card restrictions will protect you from traps right? Think again. There are still lots of loopholes credit card companies can exploit to trick you into debt. Aside from the legal loopholes, incentives are being ramped up as well. If you want [...]
