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[04:39:19 AM Monday, April 28, 2008]
If you happen to be a good cardholder, most obviously your mailbox is full of mailings from card companies. Oddly enough, the majority of those people with good and excellent credit score are not so much interested in these credit offers, as they can easily make great credit card deals online rather than responding to these mailings. If you are sick and tired of a thick bunch of pre-approved credit card offers, you have all the chances to stop these mailings. Read on and you will learn how you can stop receiving annoying mailings from credit card companies and banks.
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[04:40:11 AM Monday, May 12, 2008]
Like any other businesses, credit card companies have their sources of revenues, i.e. interests, and fees. According to Wall Street Journal, credit companies' revenues from fees increased by 41% over the last four years. Now, it is $18.1 billion compared with $17.2 billion last year. Since 2003, there's a 41% increase in fee revenues. Meaning, for banks and companies, credit card fees provide a steady growth of income. Today, fees account for approximately 40% of the total revenue for card issuers. Now, customers notice not only increases in credit fees but also the appearance of some new fees for things that never had them before.
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[04:58:39 AM Monday, May 26, 2008]
These days, lenders prefer to deal with borrowers whose credit is near to perfect, i.e. good and excellent. This news comes as no surprise due to the credit crunch and its negative effects on credit card industry. That's the reason why more and more customers turn to credit repair companies in order to improve their credit score as quickly as possible.
It's definitely tempting to boost your score in no time, and obtain a loan with much better rates! However, credit clinics may have bad medicine, especially in view of the fact that today you can easily find the company that promise to rehabilitate your spoiled credit and bring you back to life. The choice of the company is crucial - you may get all or nothing.
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[05:49:38 AM Monday, June 09, 2008]
We must accept the truth that we, consumers, love cash backs. We like discounts, sales, promotional products, and a small cash back card is that very thing that makes us feel better when doing credit shopping.
The current research has shown that approximately 60% of rewards credit cardholders give preference to cash back plastics. Largest issuers offer cash back credit products of all shapes and sizes. To choose the best cash back card seems quite easy. Let's take a closer look at cash back cards available in the credit market and analyze their features!
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[05:05:52 AM Monday, June 23, 2008]
Summer heat and the spirit of family vacations inspire card issuers and their partners offer new credit deals. Plan an overseas trip? Review hot credit deals and discover how much you can save this summer!
Virgin Atlantic Airways, the company that happen to be one of the major long-haul carriers in the US, has teamed up with Bank of America to launch a new frequent flyer credit card. The Virgin Atlantic American Express credit card has all the chances to become one of the most popular airmiles plastics in today's credit card market. Customers can review two versions of this card, they are black and white. Learn more about this credit offer from Bank of America!
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[05:44:21 AM Monday, July 07, 2008]
Ideally we all would love to live without credit debts and frustration of spending much more than we can actually afford. However, real life is far from imaginary, and distressing situations associated with credit do occur in our daily life.
Consumer confidence with the economy fell to 50.4, more than expected. You need not to be a financial expert to explain what's so depressing about the economy. It's enough to look at gas prices and living costs. If you find it difficult to keep up with monthly payments, and your credit debts get out of control it may be the best time to take control of your credit card spending.
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[04:07:41 AM Monday, July 21, 2008]
It looks like scary stories about students who graduate with big debts will soon be a thing of the past. According to the research by Student Monitor, the average balance on student credit cards is down 19% compared with last year.
It's no secret that college students are a very appealing target for credit companies, even despite of a weak economy and subprime mortgage crisis. The reason for this is quite obvious, lenders try to build a productive relationship with young clients to keep them loyal when students are still in college. Read more about student credit card statistics!
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[06:01:48 AM Monday, August 04, 2008]
The House Financial Services Committee supported the Credit Card Bill of Rights, introduced and sponsored by Carolyn Maloney. The panel voted 39 in favor and 27 against the legislation that would ban or restrict predatory credit card practices such as interest rate hikes and exorbitant penalty charges.
The subprime mortgage crisis can be a good lesson to learn from, the US economy is still weak after the housing bubble crash. And consumer advocates believe that abusive credit practices will continue without credit card legislation. Learn more about credit legislation hearings.
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I am on permanent disability and I owe on a credit card. Are they supposed to be charging me interest on it even now the card is inactive or are they supposed to just be charging on what I owe?
Thank you for your help
Answer:
If you carry a balance on your card, the issuer will keep on charging you interest until you pay off the entire balance in full. Even if you don't use your card, you're supposed to pay down your account balance. If you find it difficult to make the minimum payment on your card, you may call up your creditor and explain the situation. You should negotiate this problem with your lender. You may ask to lower your interest rate for a certain period of time, so that you will be able to pay down your balance. This way or another, you need to repay this debt.
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