According to the Federal Reserve Board’s latest statistics released on November 7, total U.S. credit card debt recently topped the $800 billion mark. Meanwhile, holiday shoppers are flocking to the stores creating new debt. When the festive excitement of the holiday season has subsided, consumers straddled with debt can find help paying off their credit [...]
Archive for November, 2005
‘Helping consumers to understand how credit card cheques work is at the heart of a DTI consultation launched today.
Credit card cheque transactions can be subject to different terms and conditions than those of a credit card. Consumers could be paying more in interest and penalty charges than they realise when they write a credit card [...]
‘CONSUMERS are ignoring warnings over soaring property repossessions and are transferring credit card debt on to home loans, data suggested yesterday.
Despite rising levels of mortgage repossessions, the total value of approvals for mortgage loans has rocketed by 40.3 per cent in the past year.
They climbed to £9.4 billion last month from just £6.7bn the same [...]
‘The malls can be crazy during the holiday season with long checkout lines and little parking. But cyberspace is great spot to start your shopping.
According to NewsChannel5, more than ever, people are doing their shopping over the Internet. Many consumers are going online to avoid crowds and parking.
If you’re interested in becoming one of the [...]
‘The busy holiday shopping season is in full swing, with malls and Internet sites expecting heavy traffic right through to the end of the year.
Online retail sales reached nearly $16 billion last holiday season, and this year promises to be equally impressive, experts report.
Shoppers should take extra precaution when dealing with Internet commerce. The Better [...]
‘With more and more credit card debt being levied day after day it is becoming increasingly important for people to regain control of their finances. If you have earned credit and charged expenses against credit card accounts then you have probably heard of debt consolidation loans, debt consolidation agreements, credit repair or any variation of [...]
‘Imagine opening your credit card statement to find that your low, low rate has more than doubled, even though you’ve always paid your bills on time.
It happens, and it’s happening more and more frequently, says a consumer-watchdog group. Nearly half of banks surveyed by Consumer Action now penalize cardholders for changes in their credit history [...]
‘Seventeen people have been indicted on charges of fraudulently withdrawing money from automated teller and cashier machines in and around Tucson, authorities said Monday.
Nine defendants were arrested without incident over the weekend, two more were in state and federal custody, one was released and five remained at large, authorities said.
The nine-count indictment, unsealed Monday, charges [...]
‘Web monitoring company Websense is warning of a phishing attack that uses the Google brand to scam credit card details.
Emails have been spammed out directing computer users to a spoofed copy of Google’s front page with a large message claiming that they have “won $400”.
When users try to get the money they are asked to [...]
‘Credit card rates rose for the fifth straight week, according to the IndexCreditCards.com weekly Credit Card Monitor. In addition, the latest step forward in the Bank of America/MBNA merger, coupled with Wachovia’s announced plans to begin issuing its own credit cards, promised to keep industry averages unsteady.
Credit card rates rose for the fifth straight week, [...]