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. [...]

Unless you’ve been living in seclusion these past couple of months you’ve probably heard about the new credit card legislation that will prohibit or limit several of credit card billing practices that are unfair or difficult for consumers to understand.  But let’s take a closer look at one of the most important changes you will [...]

Every since the new legislation passed restricting credit card companies’ ability to raise interest rates, among other things, credit card companies have been using every dirty trick in the book to “get back” at borrowers and squeeze every cent out of them. According to an article in the Star-Telegram, some credit card borrowers are reporting [...]

According to an article in the Star-Telegram, credit card lenders such as Bank of America, Chase and Discover have switched many credit card customers from fixed rate credit cards to variable rate credit cards ahead of the new credit card legislation that will limit the credit card industry’s ability to increase rates in the future. [...]

According to an article in the Dallas Morning News, credit card companies are already backing down from marketing to youth under 21 years old as the new Credit Card Act is set to become law in Spring 2010.   The Credit Card Act will prohibit credit card companies from lending to anyone under 21 years old [...]

According to an article in the Dallas Morning News, the Servicemember’s Civil Relief Act (SCRA) provides a wide range of protections for active duty members who may be facing high interest rates on their credit cards.
The article said:
“The Servicemember’s Civil Relief Act provides a wide range of protections for active-duty military members. It’s aimed [...]

After filing for bankruptcy, a debtor’s credit card purchases will come under scrutiny by the bankruptcy trustee at the 341 meeting.  During the 341 meeting, the bankruptcy trustee will probably ask the debtor questions about what assets they purchased with their credit card and which of those assets do they still have.  For example, [...]

According to an article in the Star-Telegram, banks that are losing profits because of the new credit card legislation are now looking to debit cards and bank accounts to make up the difference.  The recently passed credit card legislation requires that banks give customers a choice on whether they want to opt into over-draft [...]

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 [...]

You are protected under the Bankruptcy Protection Act if a creditor tries to collect on a discharged debt.
The relief you will have after your bankruptcy is discharged is huge.  Just imagine going from one day not knowing how you are going to pay your bills to the next day having several of your debts wiped [...]