Posts Tagged ‘credit cards’

Credit Union Credit Cards Vs. Bank Credit Cards

According to an article in Forbes, as study conducted by the Pew Charitable Trust found that credit cards offered by credit unions may offer lower rates and cheaper fees than their bank issued counterparts.
The article said:
“The study found that the median advertised interest rates for credit cards issued by the nation’s 12 largest credit unions [...]

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Debtors Revolt Against High Interest Rate Hikes!

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 [...]

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Filing For Bankruptcy? STOP Using Those Credit Cards

Many debtors filing for bankruptcy are under the gun financially which causes them to "rob Peter to pay Paul" in a game that I will call "credit card musical chairs." In an effort to keep their financial house of cards from tumbling many debtors use revolving credit to pay for even some of the [...]

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Job Losses Grow As Those Seeking Unemployment Benefits Swell

According to an article in the Dallas Morning News, over 6 million Americans continue to claim unemployment benefits; but the job losses continue unabated. Microsoft Corp. announced 5,000 job losses to be implemented over the next 18 months. Huntsman Corp., a chemical maker will suffer 1,175 job losses this year, representing more than 9 [...]

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The Credit Card Holders Bill of Rights Act of 2008

The average American family now carries over $8,000 in credit card debt. That figure is likely to increase given the present state of the economy. In many cases, it is unfair practice of the credit card companies that have contributed to the debt of the average American family. Credit card companies have for long hit [...]

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Ignoring Credit Card Debt Can Lead To Wage/Bank Account Garnishment

With millions of Americans facing job losses and mounting debt, many are choosing to ignore calls and letters from debt collectors. Let’s face it, when you’re struggling to pay the basics…food and shelter who has any money or energy left for debts that you can’t pay off any time soon. But be forewarned, if [...]

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What If My Bank Fails?

In today’s volatile market, many are worried about bank failures, the security of their deposits and the handling of mortgages, credit cards accounts and investments by faltering banks. Let’s take a look at some facts.
Fact #1: Your deposit accounts worth up to $100,000 are insured by the FDIC. In a joint account, [...]

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