Comments on: Credit Card Companies Targeting Struggling Mortgage Holders http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html A Credit Card Blog which explains how to better manage your credit and provides valuable insights into everything credit related. Sat, 22 Nov 2008 08:47:20 +0000 http://wordpress.org/?v=2.0.4 by: Andrew Knight http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-47402 Thu, 13 Nov 2008 02:06:38 +0000 http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-47402 Hi Credit Card Blog, I'm emailing you in regards to an email I sent to you last month about a partnership, have you had a chance to think about it? If you have any questions or would more information, please advise me and we can go from there. Kind Regards, Andrew Knight Hi Credit Card Blog,

I’m emailing you in regards to an email I sent to you last month about a partnership, have you had a chance to think about it?

If you have any questions or would more information, please advise me and we can go from there.

Kind Regards,
Andrew Knight

]]> by: Kris http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-46961 Mon, 10 Nov 2008 23:34:07 +0000 http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-46961 Financial institutions spend millions lobbying congress for beneficial rules governing their business. With the massive chaos and ongoing bailout mess these last few months, I do hope we as a nation take this opportunity to re-focus laws and rules to help consumers, especially those preyed upon by the credit card companies. As Lucy T points out, consumers need to be more aware, but disclosure should be MUCH more prominent. As it is, disclosures are hidden in the small print. As a quick example, a 0% intro balance transfer offer for 6 months that has a 3% fee, has an APR of at least 6%, much more if you have a late payment. Why not force advertisements to include the true APR, as is done for other loans? The reason is the lobbying issuers prevent this. We really need to change this. Financial institutions spend millions lobbying congress for beneficial rules governing their business. With the massive chaos and ongoing bailout mess these last few months, I do hope we as a nation take this opportunity to re-focus laws and rules to help consumers, especially those preyed upon by the credit card companies.

As Lucy T points out, consumers need to be more aware, but disclosure should be MUCH more prominent. As it is, disclosures are hidden in the small print. As a quick example, a 0% intro balance transfer offer for 6 months that has a 3% fee, has an APR of at least 6%, much more if you have a late payment. Why not force advertisements to include the true APR, as is done for other loans? The reason is the lobbying issuers prevent this. We really need to change this.

]]> by: Jet Spyke http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-24946 Mon, 30 Jun 2008 13:05:09 +0000 http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-24946 great post, nice one thank. <a href="http://pinayspeak.com" rel="nofollow">Busby SEO Challenge</a> great post, nice one thank. Busby SEO Challenge

]]> by: Pension http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-20913 Tue, 08 Apr 2008 21:19:53 +0000 http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-20913 It seems these credit card companies are continually advantage of the financially vulnerable - it' concerning. It seems these credit card companies are continually advantage of the financially vulnerable - it’ concerning.

]]> by: Credit Card Today - Lucy T http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-20596 Sun, 30 Mar 2008 16:12:42 +0000 http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-20596 It does seem like frankly unscrupulous behaviour by these companies. However no one is forcing these consumers to take out cards. Credit cards can provide a valuable way of managing short term cash flow and a great way to improve impaired history. Having said this lending money to people who frankly don't have the organisation or resources to pay it back is what caused the crunch in the first place so maybe not as smart on the part of the issuers as it might seem. It does seem like frankly unscrupulous behaviour by these companies. However no one is forcing these consumers to take out cards. Credit cards can provide a valuable way of managing short term cash flow and a great way to improve impaired history. Having said this lending money to people who frankly don’t have the organisation or resources to pay it back is what caused the crunch in the first place so maybe not as smart on the part of the issuers as it might seem.

]]> by: Charlotte Carvalho http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-14687 Sun, 11 Nov 2007 01:13:06 +0000 http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-14687 Very pretty design! Keep working. Go on! Very pretty design! Keep working. Go on!

]]> by: Emily Carvalho http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-14262 Wed, 31 Oct 2007 00:32:49 +0000 http://www.0-apr-creditcards.com/blog/credit-card-companies-targeting-struggling-mortgage-holders.html#comment-14262 Very useful information was found here, thank you for your work. Very useful information was found here, thank you for your work.

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