As subprime borrowers began to default on their mortgages in rapidly growing numbers this year, credit card issuers increased their efforts to sign up such customers with tarnished financial histories, according to a market research firm.
Direct mail credit card offers to subprime customers in the United States jumped 41 percent in the first half of […]
It’s not just mortgages. As it gets tougher to land a home loan, some people are also finding it harder and more expensive to get other types of consumer credit.
Some lenders, such as USAA, are nudging up credit-score requirements across their auto loans, credit cards and personal loans. Bank of America Corp. and Capital One […]
A new research study shows that the overall safest card issuers are: #1 Bank of America; #2 American Express; #3 tie - Discover and First National Bank Omaha; #4 Citibank; and #5 Navy Federal Credit Union.
Javelin Strategy & Research says that its research also showed that in fraud prevention Citibank ranked top and in fraud […]
We have had several posts on how legislation is trying to stop unfair credit card practices. But the reality is that the credit industry is very powerful, and unless we start speaking up and demanding change, things won’t get better.
There is an easy way to make your voice heard.
In May, the Stop Unfair Credit Practices […]
If you take a close look at your credit cards, you’ll probably wonder what all those numbers stand for. Every digit actually stands for something specific. Let’s have a look at each of those numbers in sequence.
The First Digit
Gasoline cards, department store cards and phone cards have their own programs.
The major credit card companies operate […]
A while ago I wrote a post on one of the most exclusive credit cards around. Well earlier this week CNN Money wrote an article about how alot of companies have introduced “black cards” and are offering some rediculous perks.
The “Black Card” is a status icon. Not only does it offer a range of exclusive […]
I came across a very interesting article by MSN Money about fast food chains and the effect they have now that they accept credit card payments. It was researched that since fast-food restaurants accept credit cards, you’re less likely to drive past — and you’ll order more, too.
We all know that high-fat and high-calorie fast foods […]