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 […]
A new credit card has hit the market that enables consumers and businesses to clear their tax responsibilities with the government.
The new “US Liberty Card” is the brainchild of Arkansas-based Nick-Lynn Technologies. The Company says low interest rates with the card and liberally negotiated payment arrangements allow individuals and businesses to avoid bankruptcy and reputation […]
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 […]
JetBlue Airways and American Express are having a promotion that nets you $10 off a one-way fare when you use your American Express card to book a ticket via www.jetblue.com/deals/americanexpress/myvacation.The discounts are combinable, so you can get up to $20 off on a round trip if both flights meet the rules of the promotion.This offer […]
After doing some digging I came across the first credit card and the story behind it. I figured this would be an interesting post and give a little bit of s history lesson.
At the beginning of the twentieth century, people had to pay cash for almost all products and services. Although the early part of […]
The Federal Trade Commission requested and received an order from a federal judge to halt an operation marketing VISA-and MasterCard-branded stored-value cards from making unauthorized debits from consumers’ bank accounts.
According to a complaint filed by the FTC, the defendants marketed prepaid cards under a variety of names through Web sites and pop-up and e-mail advertisements […]
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 […]