At the moment, seeing your credit card interest rates rise could be the worst possible thing. Unfortunately, this is exactly what is going to happen to millions of credit cardholders. In fact, it has already begun. If you are one of the credit cardholders who carry a balance on your credit card and your current interest rate is below 10%, you may soon see your credit card interest rates jump to double figures.
Major credit card companies American Express, Citibank, HSBC, Capital One and Bank...
It seems that the Senate's Credit CARD (Credit Card Accountability, Responsibility and Disclosure) Act may be on the way to President Obama's desk no later than the end of the week. Recently, Senator Chris Dodd, Senate Banking Committee Chairman, announced that a compromise has been made.
The Credit CARD Act of the Senate is part of the government's response to the growing public outcry over increasing credit card interest rates and other fees. Late last April, the House of Representatives...
Credit card debt is a fact of life. That needs to change as soon as possible, especially if you want to survive the economic crisis. To do just that, read on.
Don't Spend What You Don't Have
Credit cards are very convenient, no argument. With credit cards, you don't have to carry a wad of cash every time you go out, you only use a small, thin card to pay for your purchases and you get to shop even if you don't actually have the money to pay for it. That last one is the problem.
Credit...
With the state the economy is in now, it is of no surprise that credit cardholders are changing their spending habits, avoiding unplanned buying, and generally preferring to use cash instead of their credit cards whenever they have to buy. Credit card companies are getting hit hard by this complete reversal of American buyers' consumer habits, which used to follow the mantra "buy, buy, buy".
With the decrease of credit card use among credit cardholders, credit card companies are losing one...
Today's economy being what it is, the ability to keep one's finances float can spell the difference between surviving the economic downturn and going bankrupt. People in the United States have had to quickly adapt their financial habits to fit the requirements of the current state of the economy. While keeping an eye on savings and foregoing the luxury buys are one of the most obvious ways to avoid going bankrupt, some people might be overlooking keeping their eye on their credit card and...
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Finance experts everywhere insist that you can often lower your credit card interest rates simply by calling and requesting a better interest rate or a modified payment agreement with lower monthly payments. While this may be possible for some people, many people who seem to need the slight financial break the most are finding it impossible to get a lower interest rate on their credit cards when they call and ask.
"I tried calling my credit card company for a lower interest rate. I was...
The annual interest rates of three of the more popular categories if credit cards have dripped a bit last week after two weeks of increasing rates. Overall, the interest rates for most credit cards remained pretty steady.
The two cards with dipping interest rates include the balance transfer cards which consumers are offered to aid in consolidating debt from other credit cards. The highlight of the balance transfer card is often a low introductory rate. Consumers take advantage of the low...