Credit Card News: Survey Finds that 65% of College Students Have Credit Card Debt

Posted On: August 1, 2005

College students are using their credit cards to purchase clothing, personal items and other living expenses, according to a survey recently conducted by Smith College and funded by Oppenheimer Funds, Inc. &nbsp&nbsp The survey showed that 65% of college students have credit card debt and half of those charge their cards to the limit. [...]

Credit Card News: Steep Credit Card Universal Default and Penalty Rates Can Happen to Anyone According to New Study

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Consumer Action, a non-profit education and advocacy organization, recently released its 2005 credit card industry study containing the top reasons banks might impose high universal default and penalty rates.
According to Linda Sherry of Consumer Action:

“The factors cited by card issuers are very broad. &nbsp&nbsp It appears that anyone - not just people in financial difficulties [...]

Credit Card News: Recent Study Suggests Credit Card Debt Leads to a Higher College Drop-Out Rate Than Academic Failure

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Operation Hope (OHI), a national non-profit self-help organization, and Citigroup are helping high school and college students avoid common financial mistakes and credit card debt through the Banking on our Future program. Operation Hope recently released a study indicating that many university administrators believe that credit card debt leads to a [...]

Credit Card News: Metris Credit Card Accounts to be Acquired by HSBC Finance Corporation

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Metris Companies, Inc. is set to be acquired by HSBC Finance Corporation in a cash transaction that values Metris at $1.594 billion.
HSBC is the nation’s sixth largest issuer of MasterCard and Visa credit cards. &nbsp&nbsp In addition, HSBC and its subsidiaries provide middle market consumers with real estate secured loans, private label credit cards, auto [...]

Credit Card News: Discover Card Offers New Online Auto Bill Payment Service

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Discover Financial Services, Inc. announced in early August a new free bill paying service is now available to cardholders.&nbsp&nbsp Whether the recurring bill comes yearly, quarterly, monthly or weekly members can securely pay multiple bills automatically online as well as earn a Cashback Bonus.&nbsp&nbsp Charges appear on regular Discover Card Account statements, and each [...]

Credit Card News: CompuCredit Corp., a Major Subprime Credit Card Issuer, Reports a 346% Increase in Profits

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CompuCredit Corporation, which has seen a 138% increase in its stock price over the past year,recently reported a record net income with a 346% increase in profits. &nbsp&nbsp According to Jay Putnam of CompuCredit, David G. Hannah, Chairman and CEO of CompuCredit said:

“We were very pleased with our record earnings this quarter. &nbsp&nbsp The [...]

Credit Card News: Company Offering “Free Credit Report” Fined $950,000 by the FTC

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A recent settlement was made between the Federal Trade Commission (FTC) and ConsumerInfo.com, Inc., doing business as Experian Consumer Direct. The FTC charged that ConsumerInfo.com was in violation of federal law by deceptively marketing “free credit reports” and not effectively disclosing that consumers would automatically be signed up for and billed [...]

Credit Card News: 65% of College Students Have Credit Card Debt According to Survey

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College students are using their credit cards to purchase clothing, personal items and other living expenses, according to a survey recently conducted by Smith College and funded by Oppenheimer Funds, Inc. &nbsp&nbsp The survey showed that 65% of college students have credit card debt and half of those charge their cards to the limit. [...]

Credit Tips: Visa Rebates Credit Card Offer

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Author: Stewart Scott Title: Visa Rebates Credit Card OfferDate: 12/31/2000 4:08 pm CDT
Here is a new Visa product you might want to evaluate.
Thanks.
VisaRebates.com/Index.cfm
CardRatings.com is the most comprehensive source for comparing credit card offers.&nbsp&nbspPlease visit CardRatings.com to view the best rated credit cards!
Author: Board Monitor - AD Title: Visa Rebates Credit Card OfferDate: [...]

Credit Tips: Northwest Airline Credit Card Offer

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Author: Jenny Title: Northwest Airline Credit Card OfferDate: 9/7/2000 4:39 pm CDT
How does one get a Northwest Airlines credit card, and does it offer free fly miles?
CardRatings.com is the most comprehensive source for comparing credit card offers.&nbsp&nbspPlease visit CardRatings.com to view the best rated credit cards!
Author: Board Monitor - CA Title: Northwest Airline Credit [...]