Curtis Arnold
Curtis Arnold, Editor-in-Chief
Joe Taylor
Joe Taylor Jr., Reporter
Amber Stubbs
Amber Stubbs, Managing Editor

June 2005

Paying Your Rent with a Credit Card

Written by CardRatings.com
Posted On: June 27, 2005

American Express recently announced the results of an independent research study concerning consumers' attitudes towards automatic rent payments on credit cards.    The research shows that just as Americans have welcomed a cashless society, America's renters are just as eager for a checkless society. With the strength of its outstanding Membership Rewards program, American Express [...]

Posted in Credit Card Help | 0 Comments

Credit Card Security Breach

Written by CardRatings.com
Posted On: June 21, 2005

According to Julie Creswell and Eric Dash of The New York Times, the nation's largest credit card companies are still unsure which customer accounts were affected by a computer security breach at a processing company recently reported by MasterCard. Data from approximately 200,000 MasterCard and Visa accounts, along with other credit card issuers, are known to [...]

Posted in Credit Card Fraud | 0 Comments

Consumer Credit Index Rises

Written by CardRatings.com
Posted On: June 20, 2005

The latest Experian-Gallup Personal Credit Index shows that consumers' confidence in their personal credit is growing.    However, four in ten have no emergency fund in case their income is halted, and another 18 percent could not last beyond three months. The Personal Credit Index is now at 94, close to the March (2005) introduction [...]

Posted in Credit Score | 0 Comments

Credit Card Debt in the African-American and Latino Communities

Written by CardRatings.com
Posted On: June 19, 2005

According to a recent report released by the Economic Opportunity Program at Demos, African-American and Hispanic households are at greater financial risk and more likely to be in credit card debt than their white counterparts.    The report, Costly Credit: African Americans and Latinos in Debt, analyzed and compared credit card debt and the forces [...]

Posted in Credit Card Debt / Settlement | 0 Comments

Providian Credit Card Accounts Acquired by Washington Mutual

Written by CardRatings.com
Posted On: June 6, 2005

Two of the nation's leading financial service companies have come together as Washington Mutual, Inc. acquired Providian Financial in a stock and cash transaction valued at approximately $6.45 billion. According to Kerry Killinger, chairman and CEO of Washington Mutual: "Today's transaction enhances Washington Mutual's consumer banking growth while strengthening our leadership position in the middle-market customer segment." "Providian [...]

Posted in Credit Card Companies | 0 Comments

Teen Credit Card Use on the Rise

Written by CardRatings.com
Posted On: June 3, 2005

The Junior Achievement (JA) organization and The Allstate Foundation recently conducted a poll of 1,065 teenagers and found that teens are establishing credit at an early age. Eleven percent of teens have credit cards in their names.    The percentage increases with age, with 6.2 percent owning credit cards at ages 13-14 and 21 percent [...]

Posted in Credit Card Fees | 0 Comments