‘Charge it! That familiar refrain is producing an unwanted response for more Americans: Your bill is overdue! Surging energy prices, low personal savings and the higher cost of borrowing have combined to produce a record level of overdue credit card bills.
The American Bankers Association reported Wednesday that the percentage of credit card accounts 30 or […]
‘For your own pocketbook, it’s never too late to improve your credit score. A study by the Consumer Federation of America and Providian Financial says that consumers could collectively save $16.4 billion a year just on credit card finance charges with some minor improvements.
A consumer with an average credit score–about 700 on a scale from […]
‘Another way increased minimums may cut debt is by forcing buyers who think in terms of monthly installments to take a second look at what they can afford. The new minimums will effectively double the monthly price of a purchase, turning a $40-a-month payment for a new sofa into an $80-a-month one. “People charge up […]
‘Ever wish you could pay for something with your cell phone? Chances are if your friends have kids, they’ll whip out their cell phone to show you pictures. So why not put other staples of the wallet–such as driver’s license, credit cards, and membership cards–on the cell?
Although we’re a ways off from putting driver’s license […]
‘BANKS are ripping off consumers by at least £100 million a year through “unduly high” credit card fees.
The charges apply to Mastercard credit cards, which are issued by all the major banks.
The fees are levied by the banks on retailers who pass on the cost to customers by raising the price of goods in their […]
‘The young adult users of credit cards scored significantly lower on a national, personal finance survey than those who don’t use these cards. That finding has emerged with the recent publication of the Jump$tart Coalition for Personal Financial Literacy book, FINANCIAL LITERACY: Are We Improving? The book highlights the results of the latest Jump$tart […]