Higher Minimum Credit Card Payments Offer Fast Track Out of Debt
Posted On: August 7, 2009
In a recent column for the NY Times, Freakonomics authors Stephen Dubner and Steven Levitt explained the genius behind the concept of low credit card minimum payments. When studied by academics, test subjects who selected their own minimum payments often paid far more than monthly bank statements required. For many years, credit card issuers have [...]
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StumbleUpon5 Hot Credit Card Offers for the Summer
Posted On: June 29, 2009
By Curtis Arnold, CardRatings.com Founder
Even though it seems like major banks have been rolling up the red carpet instead of rolling it out for new customers, I found a handful of money-saving deals for savvy credit card users. Even in the midst of the credit crunch, there are still some real jewels out there and [...]
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How a New Innovative Savings Program can Help You Pay Down Your Credit Card Debt
Posted On: June 1, 2009
By Mike Killian, CardRatings.com< Reporter
Editor’s Note: This article is part of a popular Q & A format series in which we interview experts and industry professionals that have made significant contributions to the credit card industry and/or to promoting financial literacy.
Have you ever wondered why it’s so hard to make extra payments (beyond the [...]
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The Truth About Credit Card Debt Settlement (Part 2)
Posted On: April 16, 2009
By Curtis Arnold, CardRatings.com Reporter
Editor’s Note: This article is the second of a three-part series about debt settlement.
How is Settlement Different Than Credit Counseling?
Credit counseling and debt settlement are two completely different approaches. Most credit card companies work with credit counseling agencies. They will often encourage consumers who are having trouble paying their bills [...]
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The Truth About Credit Card Debt Settlement (Part 1)
Posted On: April 14, 2009
By Curtis Arnold, CardRatings.com Reporter
Editor’s Note: This article is the first of a three-part series about debt settlement.
As an increasing number of people struggle to pay their bills, debt settlement companies are thriving. You can find their ads promising to settle your debts for pennies on the dollar anywhere.
If you’re drowning in debt, those [...]
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Unique Service Helps Reduce Credit Card Debt
Posted On: January 23, 2009
By Michael Killian, CardRatings.com Reporter
Editor’s Note: This article is part of a popular Q & A format series in which we interview experts and industry professionals that have made significant contributions to the credit card industry.Scott Crawford is the CEO of DebtGoal.com. From the beginning of his career in economics, he watched Americans’ savings go [...]
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The Responsible Choice Plan: A “Win-Win” for Lenders and Borrowers with Excessive Credit Card Debt
Posted On: May 29, 2008
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Variable Rate Credit Cards Expected to Fall in Light of Recent Fed Rate Cuts
Posted On: January 29, 2008
By Jessica Austin, CardRatings.com Public Relations Associate
The Federal Open Market Committee cut short term interest rates again today by one half of a percentage point to 3.0%. The Fed’s rate cut was in response to the economy’s current financial state.
According to the Fed, “The Committee took this action in view of a weakening of the [...]
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Discover Card Consumer Survey Shows we’re Upbeat about our Personal Finances, but…
Posted On: September 10, 2007
By Curtis Arnold, Founder of CardRatings.com In May, Discover launched a new research program, the “Spending Confidence Monitor,” with Rasmussen Reports, a well-known, independent survey research firm. Together, they’re planning to survey lots of us every month – they interviewed 500 consumers daily (15,000 total) in August alone – to find out what we think [...]
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Credit Card Debt? Think Twice Before Jumping on the Debt Settlement Bandwagon!
Posted On: June 4, 2007
By Curtis Arnold, Founder of CardRatings.com If the credit card bills are piling up and you want a way out, you have got to be tempted by those ads that say:
“Our debt settlement plan can reduce your debt 55%-70%!”
“Reduce Your Debt by 60% Debt Settlement Guaranteed!”
“Settle your debts & save up to 75% of what [...]
