Judging from the current media perception of what is now happening to the credit industry, you would probably think that getting a credit card is more hassle than it is actually worth. Actually, credit cards can be very beneficial to you when you use it right. Use it wrong, however and you will be paying through the nose to get out of the mess you'll get yourself into.
Using credit cards is similar to playing a game. The problem with this particular game is that the odds are stacked against...
Parents are once again coming around to that time of the year when they send their children of to college to hopefully earn their degrees and move on to a good life. Unfortunately, a lot of bad things can happen when their kids are in college and, if statistics from Sallie Mae are to be believed, one of the worst is credit card debt.
Credit cards and students are definitely a bad mix. The problem is quite widespread and well known. Unfortunately, the problem had enough time to grow and get...
Nowadays, with the economic difficulties American consumers are facing and the ongoing credit crunch, graduating students are facing a worrying future, most especially those who are carrying large credit card debts. Currently, graduating students carry an average of $23,000 in debts.
That's a very large debt to be carrying for students and the parents who support them. Fortunately, after July 1, students are going to be able to participate in a few debt consolidation programs that will offer...
Saddled with financial burdens ranging from home loans to credit card debts, American consumers are now frantically looking for the best and the quickest way to get out of debt and repay loans. Otherwise, they face the unenviable prospect of declaring bankruptcy or losing their homes.
The problem is that some American consumers just don't know where to turn to. Many of them recognize that getting themselves out of their financial dilemma needs more skill than what they have. They just don't...
As the economic recession continues, credit cardholders are getting weighed down by credit card debt more and more. Rising interest rates and fees threaten to make it heavier still. However, a curious budding practice among credit card companies may be the answer to credit cardholders' problems.
While credit cardholders are worrying about their individual credit card debts, credit card companies are also in dire straits financially themselves. In March, revolving credit was recorded at a...
The recently passed credit card bill primarily addresses many of the unfair practices of the credit card industry. One particular amendment in the bill specifically calls for the protection of students. Sen. Bob Corker and Sen. Dian Feinstein are the sponsors of the amendment.
Credit card debts from college students are fast becoming a serious problem. Credit card companies often exploit college students, giving credit card offers to them while knowing that they are hardly in the position to...