Bank of America Slammed by ‘Debtor’s Revolt’
Ann Minch started a debtor’s revolution on YouTube when she told Bank of America to stick her credit card debt in their bailout pipe and smoke it. Angered that her interest rate had jumped from 12.99%...
View ArticleCredit Reform and Consumer Responsibility
With all the headlines lately, you’d think that the upcoming credit card reforms are the cure-all for the debt that plagues modern Americans. And you’d be half right; credit card companies should play...
View ArticleWill Banks Survive the Coming Wave of Credit Card Write-Offs?
It’s a scenario we’re all too familiar with: consumers take on too much debt and, because of a combination of shady lending practices, a soft job market, and the increasing cost of living, find that...
View ArticleConsolidate Your Credit Card Debts into One
Consolidating your debts into one can be done in a number of ways. A few common options are a debt-consolidation loan, a personal loan, or a 0% credit card. With just one payment versus multiple ones,...
View ArticleCredit Card Debt Default: How High Will It Go?
Credit card defaults are tied to the unemployment rate. It’s a simple fact that when people don’t have jobs, they cannot pay their credit card bills. But just how high will America’s credit card...
View ArticleRestructure Your High Interest Debt With a 0% Rate Credit Card
Between ballooning interest rates and hidden charges, you’ve finally reached that pinnacle point with your finances when you’re ready to pull your hair out and take the hedge trimmers to your credit...
View ArticleOn Time Credit Card Payments Increasing
Pat yourselves on the back America. According to a report from the AP, more Americans are paying their credit card payments on time, a sign that the economic recovery is beginning to take hold on main...
View ArticleCredit Card Borrowing Declined 13.1% the Annual Pace in February
As more individuals make an effort to pay back their debt, consumer borrowing has been declining. Revolving credit – mostly credit-card borrowing, has declined at 13.1% the annual pace in February,...
View ArticleCredit Card Protection Insurance Coverage
If you have a credit card, there’s a good chance you’ve been asked if you would like to add credit card insurance. Sometimes it’s offered when you first sign up for the credit card, sometimes it’s...
View ArticleAsk for Modified Credit Card Payment Plans
If you’re finding it difficult to keep up with your credit card payments, you should know most of the credit card companies are willing to work with cardholders. Each company has it’s own method of...
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