If you are a credit card holder nowadays, it almost seems like you are holding a financial ticking time bomb. As you might have noticed, the whole consumer-sphere is abuzz with the recent controversies regarding credit cards and the credit companies who issue them.
A lot of the buzz that is going around is about the widespread practice among credit card companies of increasing interest rates as well as fees while introducing new fees as well. Because of these changes, many credit card...
The credit card industry is in a state of upheaval right now due to several factors. First is the general economic downturn which affected gravely the credit industry, sending several major credit companies to the brink of bankruptcy.
The rise in delinquencies and write offs were primarily one of the major causes of the credit industry crisis and the situation is still continuing today, albeit there have been some improvements and the industry is getting back some of its confidence. Finally,...
As the magic hour when the credit card bill becomes active approaches, credit card companies are scrambling to tighten up credit and raise interest rates to ensure that, with the bill in place, they can still keep their profit margins.
One of the most controversial amendments in the credit card bill will stop credit card companies from arbitrarily hiking up their interest rates and fees. As a result, most credit card companies are making their interest and fee changes now, while the credit...
The credit card bill's passage may have provided some hope to consumers over the way that their credit card companies were charging and billing them but the changes are still several long months away. In the meantime, credit card companies are continuing their objectionable practices and are even making them worse.
As the credit card bill's activation comes nearer and nearer, credit card companies are beginning to get worried that they may not be able to make a profit as well as they used to...
If you have been following the news, you are probably aware of how much of a crisis the credit card industry is in right now. If you are also one of the many Americans who are having problems with credit card debt, you are probably highly interested in getting rid of those debts quickly.
You've probably heard of debt consolidation loans, credit counseling options and debt settlement companies. You might also have come across a strange article or news item where some lucky credit card holder...
Getting a credit card can be quite a liberating experience – until you find yourself deep in credit card debt. With the current economy the way it is, if you are carrying a large balance every month on you credit cards, you are possibly in a very risky financial position.
Aside from the bad economy and the dry up in employment, you will also have to contend with increasing interest rates and fees. Banks are currently very eager to earn as much as they can out of you. You see, not only are...
It has long been known that credit card security is basically a running joke among scammers who make a living out of stealing people's identities to make a quick buck. There are many ways wherein a credit card holder can lose control of his credit identity and end up in deep debt of purchases not his own. It seems that another type of credit card scam has been detected. They are calling it “vishing” and it is as insidious as they come.
“Vishing” is a play on the word “phishing”....