Credit Card Regulations May Have Unintended Negative Consequences
Posted On: May 27, 2009
By Joe Taylor Jr., CardRatings.com Reporter
President Obama Signs Credit Card Act Into LawAs President Obama signed a new Credit Card Bill into law, financial industry analysts debated whether tough, new regulations would return America’s consumers to a more responsible era or throw the sector into a tailspin. Major provisions of the new credit card law [...]
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StumbleUponEntrepreneurs Learn Credit Card Strategies at Speed Coaching Events
Posted On: May 5, 2009
By Joe Taylor Jr., CardRatings.com ReporterStarting a new company in an economic recession often requires three things: a great idea, a generous small business credit card, and solid advice. Officials at American Express OPEN hope to connect entrepreneurs with all three at a series of seven live events throughout the spring and summer.
The “Small Business [...]
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Obama’s Credit Card Reform Pledge on Thursday’s Agenda
Posted On: April 23, 2009
By Joe Taylor Jr., CardRatings.com ReporterCredit card reform tops the agenda at a meeting of banking executives at the White House on Thursday. Treasury officials originally planned the event as a discussion about pending credit card legislation. However, the meeting made front page news when White House officials announced that President Obama will personally address [...]
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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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Tips for Finding Your Best Secured Card
Posted On: February 12, 2009
An excerpt from How YOU Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line.
Not all secured cards report to the three major credit reporting companies (Experian, Equifax, and TransUnion). To build or rebuild credit, it’s smart to get a card that does report to all three. Fortunately, many secured [...]
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Chase No Longer Increases Rates Based on Credit-Bureau Information
Posted On: March 4, 2008
By Curtis Arnold, Founder of CardRatings.comChase is no longer increasing the rates of cardmembers based on their credit-bureau information as of March 1, 2008.
Consumer advocates have long decried the controversial industry practice commonly known as universal default, under which a customer’s rate could be automatically raised based on a single late payment [...]
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Credit Card Direct Mail Response Rates Take a Nose Dive
Posted On: August 27, 2007
By Curtis Arnold, Founder of CardRatings.com In 1998, credit card issuers could count on a response rate of 1.2% to the offers for new cards that they sent out. For every 1,000 pieces mailed, 12 people would sign up.
The projected response rate this year is only 0.28%, or four times less than what the [...]
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Proposed Regulations for the Credit Card Industry: Do They Go Far Enough?
Posted On: July 27, 2007
By Curtis Arnold, Founder of CardRatings.com In late May, the Federal Reserve came out with its proposals for changing the rules that the credit card industry must follow. The goal, according to Federal Reserve Board Chairman Ben S. Bernanke:
“… is to make sure that consumers get key information about credit card terms in a clear [...]
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How Long Can You Be Black Listed From a Credit Card?
Posted On: January 24, 2007
Author: AJ
Posted: Sun Jan 21, 2007 5:34 pm
Post subject: How Long Will A Credit Card Company Keep you “Blacklist
I assume that means you defaulted or filed a chapter against them. I know it’s removed from you reports after 10 years, but the banks still have you as being BAD
Author: mouse
Posted: Sun Jan 21, 2007 [...]
