How to avoid credit card late fees Written by Geoff Williams November 11, 2011Late fees are coming back. That is, five of the nation's top six credit card issuers recently released their late payment data for the month of September, and late fees were on the rise. It's the biggest jump in late fee payments since February 2009, according to the Associated Press.
It may be troubling data, since [...]Posted in:Credit Card Fees
Durbin takes effect Oct. 1. Should you care? Written by Geoff Williams September 28, 2011Come the first of October, you'll probably think a lot of things, like, "Great, my mortgage/rent is due," or, "Geez, it's October already?" It might hit you that it's almost Halloween, or maybe if you live in a part of the country where the tree foliage gets spectacular during the fall, you might be thinking [...]Posted in:Credit Card Fees
Late fees are down: the sequel Written by Geoff Williams August 24, 2011Wow, we haven't seen late fees this few and far between since 1994.
That's right, for those who crave good news about our economy, here's some: Late payments to credit cards are down to their lowest levels in the last 17 years.
That's according to TransUnion, the credit reporting agency, which came out with the news this [...]Posted in:Credit ReportsCiti Credit CardsCredit Card Fees
Happy days are here again - or are they? Written by Geoff Williams May 17, 2011More good news concerning credit cards and the economy as of late. There have been fewer late fees and fewer defaults on credit cards.
When it comes to the nation's fiscal health, credit cards are the canary in the coal mine. As you probably know, in the old days, coal miners literally used canaries--they'd bring them [...]Posted in:Credit Card Fees
Good news for credit cards? Late fees are down Written by Geoff Williams May 10, 2011Late fees are down, according to a report on credit card reform just released by the Pew Charitable Trusts, a Philadelphia-based nonprofit.
Let's repeat that because, well, it's always nice to have good news. Late fees are down.
After the CARD Act
In the last two years, ever since President Barack Obama signed the Credit Card Accountability, Responsibility [...]Posted in:Credit Card Fees
Fighting unwanted credit card charges… from your credit card issuer Written by Curtis Arnold December 30, 2010Lori Swanson must wonder if "Peggy" is secretly working for Discover Card, after all. As Minnesota's Attorney General, Swanson holds companies accountable to state consumer protection laws. After hearing about heavy-handed sales tactics used to sign customers up for monthly-billed service plans, Swanson filed a lawsuit to warn consumers about [...]Posted in:Credit Card Fees
Re-thinking Credit Card Choices Written by Mike Killian February 17, 2009Exceptional times often require exceptional measures to deal with events. No one doubts or questions the seriousness of our economy. Consumers are cutting spending and shedding debt whenever and wherever possible. The commercial market place is affected by this trend. What does this mean for consumers in return? What credit cards should they be considering? [...]Posted in:Credit Card FeesCredit Card InterestCredit Score