According to an article in the Salt Lake Tribune, since the recession began many consumers are choosing prepaid credit cards over traditional bank accounts and unsecured credit card accounts.
How It Works
The consumer buys a prepaid credit card from a retailer, loads it with money and sometimes even creates a direct deposit account with their employer. [...]

According to an article in the Market Watch, credit card consumers are launching a massive, but silent revolt against credit card companies in response to higher interest rates, outrageous fees and unwarranted cuts to their credit limits.
The article said:
“…consumers cut $11.98 billion in borrowing in August, trimming their outstanding debt to $2.46 trillion, representing a [...]

We’ve all heard the saying that those who forget the past are doomed to repeat it.  An article in Investopedia.com highlights the most recent lessons from our recession.  Lisa Smith lists five basic principles that should be garnered from this financial crisis:
1.  Risk matters…but protecting what you have is just as important as trying to [...]

After bankruptcy, a credit history statement can make your credit report look better.
After your bankruptcy is complete, you need to get your financial life in order.  Of course one of the first steps to doing this is to improve your credit report.  You probably have heard all of the common ways to improve your credit [...]

Consumers should educate themselves about bankruptcy when deciding whether or not to file.

Here’s a quick primer on steps to take when deciding whether or not to file for bankruptcy:
Step One: Educate yourself about bankruptcy.  For individual consumers, there are two main categories of bankruptcy.  Chapter 7 is the form of bankruptcy where most, if not [...]

Charge it! Charge it! Charge it! has become a common American mantra over the past few decades as Americans rack up more and more credit card debt. Now, according to an article at CNNMoney.com, consumers are starting to pay their mounting medical bills with plastic as well.

Bankruptcy offers the perfect opportunity to rebuild your credit score by using credit cards and other forms of debt shrewdly.  Here a few tips on how to master the credit score game after filing bankruptcy.
Tip #1 – Go for the top credit cards and other loan products first.  Many debtors mistakenly believe that once they [...]

YouTuber stages debtor revolt after Bank of America hikes her credit card’s interest rate up to 30 percent. The YouTuber says that she tried to negotiate with her credit card lender; but they refused to budge.  She’s paid her credit card bills on time; but still they refused to negotiate AND they transferred her [...]

Credit card companies may be forced to cut rewards to once again become profitable.
An article on Reuters.com said that credit card companies are cutting back on rewards.  The changes are a result of falling revenue.  One reason for falling revenue is recently passed and currently pending legislation that will put regulations on credit card companies.  [...]

Six Flags continuing relationship with Chrysler, while Kimberly Clark plans for job cuts.
According to the Dallas Morning News, Irving based, Kimberly Clark, Inc., announced today that it would be cutting 1,600 non-production jobs.  The jobs represent about 3% of their total workforce.  The article states:
“These actions, while difficult, are necessary to help us emerge from [...]

According to an article in the Star-Telegram, American Express and Discover credit card companies plan to eliminate their over-the-limit fees.
The article said:
“The two companies said separately Tuesday they will soon end the charges that have generated widespread criticism from consumers. The moves come before credit card regulations set to take effect in February limit the [...]

Many business owners/debtors considering bankruptcy are concerned about protecting their personal assets. If a business is a corporation, some debtors assume that creditors cannot pursue them personally for debts owed by the corporation. The truth is that creditors may have the power to pursue the debtor’s personal assets under certain circumstances. The most [...]