Credit Cards From Largest Banks Would Break New Law

None of the credit cards offered online by the 12 largest U.S. banks would meet requirements of new federal curbs on the industry’s rates and fees, a report from the Pew Charitable Trusts said.

All of the cards surveyed used practices considered “unfair or deceptive” by the Federal Reserve, according to the report released today by [...]

Credit score requirements change with economy

The ideal credit score has increased during the last year as lenders continue trying to avoid risky loans and redefine what factors identify a good loan candidate.
A number of factors can affect decisions lenders make when reviewing loan applications, credit experts say. When applying for a business loan to start a small business, factors can [...]

How to Rebuild Credit, Post-Bankruptcy

My wife and I just emerged from bankruptcy. Before that, we both had excellent credit scores and access to good credit cards with major lenders. Unfortunately, I’ve been laid off three times since 9/11 because of company downsizing, and we had to charge our health insurance COBRA payments and food and other essentials to our [...]

Why 0% credit cards cost you money

When it comes to credit cards, most savvy borrowers spend their time chasing the longest 0% balance transfer deals available. But these aren’t the best deals for everyone. For some of us they work out more expensive than simply opting for a low-rate credit card.
Watch out for fees
It’s the balance transfer fees that you have [...]

Personal Finance for Newlyweds

Once all the wedding and honeymoon excitement is over it’s time for newlyweds to go over some basic finances. This is often a confusing stage for newlyweds, should we have joint accounts or individual ones? How many credit cards should we have? Who is going to pay the bills? These are some basic finance issues [...]

Educate your teens on personal finance

There’s the one survey just released that shows 64 percent of college students have at least one credit card, almost half do not know the annual percentage rage (APR) of the credit card they use most, and that 42 percent of freshmen are credit card dependent.
Or how about the 2008 Capitol One survey that found [...]

The Need to Rebuild Credit after Bankruptcy

Before, filing for bankruptcy seemed like storing a letter on your coffer. Individuals who have made bankruptcy are usually pariahs and outcast. It was comparable to a transmittable disease that no one will dare to come close to the person who has filed for bankruptcy.
Bankruptcy today, does not anymore provide the same unconstructive results than [...]

Using A Personal Loan To Pay Off Credit Cards A Good Idea?

It might or might not be a good idea to pay off your credit cards by using money from a personal loan, but we’re going to take a look at the pros and cons, and when you’ve read them, you should be able to easily decide whether or not it makes sense for you.
Moreover, it [...]

Suze Orman on Oprah Gives Financial Layoff Advice

Suze Orman was Oprah’s guest on today’s show, July 15th Suze’s topic was how to prepare for a layoff in today’s economy, and what to do after a layoff.
Financial Layoff Advice 1. Spend half of what you earn. If you are a 2 income household, bank one, and only live off 1 income. This will [...]

Negotiate Credit Card Settlement. Wipe Out Your Credit Card Debts

The fact that credit cards are so easily available to most of us when we need to spend a bit more than we actually have, is one of the reasons why so many people get into credit card debt. Such debts often mount up gradually and before we know it they have suddenly grown so [...]

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