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 [...]

This financial crisis has brought on a slew of bank failures, credit card divestment and general changes to the lending landscape.  Already, 2009 has seen nearly 100 bank failures and numerous acquisitions and sales of credit card brands. But how do all these changes affect your credit card?  Let’s take a look:

The terms and conditions [...]

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. [...]

Private student loans have been in the headlines lately with government efforts to restrict them and make them eligible for bankruptcy discharge. But what isn’t being talked about is the fact that private loans are often the last resort of desperate students who can’t find money anywhere else for their education.  Normally, students looking for [...]

As credit availability diminishes, credit scammers are having a feast at the expense of many Americans who desperately need access to credit.  One of the most common credit scams is the “advance fee loan.”

The Way It Works

Credit scammers target consumers who are having financial problems, facing foreclosure or delinquent on their credit card payments.  These [...]

Your guide to home ownership after bankruptcy.
Purchasing a home after bankruptcy is easier than most people think.  In Fact, in as little as one and half to two years you can be ready to buy again.
The first step in getting prepared to buy a house is to start getting your credit in order.  It usually [...]