Bailed-Out Banks Stiff Credit Card Customers
Since bailouts are so timely today, Bloomberg weighs in to point out that banks that have been recipients of government bailout money are reacting ... is it that my credit-card loan got pulled? Why am I being charged a higher rate?’” Wonder if Southern ... by charging higher fees on credit cards for consumers. Apparently, they’re trying to get ahead [more...]
Date: 2008-12-19 15:01:55
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Higher Ed, Banks and Credit Card Companies
Great commentary from Kevin Carey, which I've linked to just below, along with the NY Times article (below the fold) which spawned the story ... brochure inside encouraging students to apply for a credit card - often their first. This troubling practice has resulted in students completing college with credit card debt - often on top of student loans [more...]
Date: 2009-01-01 21:19:00
Say Goodbye To Plastic
Nouriel Roubini has been the most prominent Cassandra for the financial crisis, ... that I introduce her newest prediction: the severe curtailing of credit card lines. It would definitely make sense as banks haven’t been keeping credit card debt on their books, but instead turning them [more...]
Date: 2008-12-01 22:01:01
Use Your Credit Card In Full
By Michael Huch Since most Americans carry credit cards, ... situation. Very often we hear talking, how bad credit companies are. But in fact, banks are not bad ... credit card holders behave irresponsibly that leads to financial problems. Since most Americans [more...]
Date: 2008-09-06 19:36:22
Uncommon Money News (Vol. 42)
By: Roshawn WatsonIn preparing to write my posts, I often come across noteworthy and sometimes bizarre financial and business news ... from more bad debt, credit problemsCitibank to receive $43 billion bailout but agreed to limit executive payCollege profit as banks market credit cards to studentsCredit card companies willing to deal over [more...]
Date: 2009-01-08 12:00:00
Get Out of FreeCreditReport.com’s “Triple Advantage”
FreeCreditReport.com is the heavily advertised company that offers “free” credit reports ( ... reminder to check your bank and credit card statements at least once a month so charges like this don ... if you sign up for a trial offer for their monitoring service with a monthly fee. They have huge [more...]
Date: 2008-07-25 18:29:44
Identity Theft - A Growing Business
With the shopping season in full swing even though we are experiencing a difficult time across all industry sectors there is one business that is ... the theft of your very existence right down to banking details, credit cards and even your medical ... transfer rates, why not have one of our wonderful credit card pamphlets et al, all of which [more...]
Date: 2008-12-15 02:02:48
Trends in Business Credit Cards for 2009
Small business credit card trends The year 2008 was a rotten one for the banking business. What began as a “mortgage crisis” mushroomed into a full-blown, across-the-board “credit crisis.” This has led to banks pulling back on all types of credit, but an even greater pullback [more...]
Date: 2009-01-17 22:38:54
Bank Bailout Puts Taxpayers At Risk
ABC News' Betsy Stark reports: It all feels less frantic than the government's rescue of the financial system a couple of months ago -- and we can ... , it is reasonable to expect more loan defaults on everything from mortgages to credit cards. And if banks ... these bad assets that are draining bank reserves and investor confidence. In other words, [more...]
Date: 2009-01-16 19:01:22
Free Credit Score Online!
Credit Score is an important factor considered by creditors, money lenders and other financial institutions ... a good credit score: The Potential lenders, banks, credit card companies and employers measure ... not be under this misconception that a bad or poor credit score will always remain poor. You can improve [more...]
Date: 2009-01-14 10:33:46
Monday morning links
TOP STORIES Fed, Treasury revamp AIG support - MarketWatch China Unveils Sweeping Plan for Economy - NY Times Fed Defies Transparency Aim in Refusal ... For U.S. Banks - Washington Post Why banks are boosting credit card interest rates - USA Today Bear Stearns ... a bigger boom imply a bigger bust? - CFR How Low, How Bad, How Long? - Hussman Funds Laying [more...]
Date: 2008-11-10 14:24:06
Keep tabs on your health insurance claims
We’re all aware of the dangers of identity theft these days. Most people keep a close watch on their bank accounts, credit card statements, and credit reports to ensure they’re not being victimized. This week I had a scare that made me realize my credit [more...]
Date: 2009-01-14 13:00:26
When you should use a credit repair agency.
Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and mortgages. Now all is not lost and you have the option to start fixing your credit. [more...]
Date: 2009-09-29 18:23:10
When you should use a credit repair agency.
Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and mortgages. Now all is not lost and you have the option to start fixing your credit. [more...]
Date: 2009-09-29 18:23:10
Bretton Woods 2, R.I.P.
A wide range of commentators, including your humble blogger, have worried about the clearly untenable system known as global imbalances, ... central bank is not lending to credit card issuers and banks that provide home equity loans. China buys [more...]
Date: 2008-10-22 08:47:01
Relentless Fraudsters Begin The Assault
Relentless Fraudsters Begin The Assault January 17th, 2009 The New Year’s barrage arrives just days before President Obama is sworn in ... for my help, the spelllinngg was so bad that I actually laughed out loud. Phishing scams come in many ... scams, overseas bank transfer scams, credit card or banking verification scams and many others [more...]
Date: 2009-01-17 08:20:43
Credit Card Debt: Next Big Hit to Banks?
Given how overextended consumers are, and how banks have been cutting back on the cheapest piggybank, home equity loans, by slashing those credit lines, and the reports of rising delinquencies from even conservative ... in credit card losses. But under the new bankruptcy code, if you do no qualify for Chapter 7 bankruptcy [more...]
Date: 2008-10-01 09:17:30
Consumers deserve greed bailout
When a college student who has just run out of money and maxed out her credit card gets that bailout from dad, what's the first thing she does? ... its plastic on the table and said, "Put it on my credit card." Banks, you see, recently cried "Uncle ... to a depositor who dipped 78 cents into the red when buying a hamburger with a debit card. The same [more...]
Date: 2008-09-19 17:05:27
P2P Finance Landscape
A sad statement about the priority of the regulatory agencies and their targeting of the few open markets that allows people to lend to people without needing a bank is apparent by the list of P2P vendors actually open and doing business: Lending Club – Made it through the regulatory hoops and is now conducting business by connecting worthy borrowers with lenders. All while Citibank, Bank of America, and Chase are reducing credit lines or even closing credit card accounts. [more...]
Date: 2009-07-05 18:25:20
Credit Card Laws and Court Rulings–Have They Helped Consumers?
This is a guest post by Bill Hardekopf, CEO of LowCards.com . Congress passed the Credit CARD Act in May but gave issuers and banks almost one year to implement the major provisions of the bill. Since then, issuers did exactly what they threatened to do–raise rates and fees on a broad group of cardholders. Consumers and elected officials are not happy about this, and members of Congress plan to introduce a bill to accelerate the effective date of the bill from February 22, 2010 to December 1, 2009. [more...]
Date: 2009-09-25 19:18:38
QuickBooks Pro 2009 3 User
Amazon. com Product Description Small business accounting software that makes accounting easy with tools to organize your finances all in one place. Track sales & expenses. Click to enlarge. Reduce data entry by downloading your bank & credit card transactions into QuickBooks. Click to enlarge. Create purchase orders. Click to enlarge. Generate reports with one click to see how your business is doing. Click to enlarge. [more...]
Date: 2009-09-29 23:40:46
10 Ways Your Identity Can Be Stolen
Who’s in your wallet? It might be more than a some dead presidents and a few bank logos ... everyone has gotten an email from X bank or Y credit card claiming there’s a problem, and if you could ... - This is ultra low-tech snooping. Ever anounce your credit card number and expriation or SSN over the phone [more...]
Date: 2009-01-14 16:04:47
When you should use a credit repair agency.
Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and... Writers Wanted: Join Our Blogging Community Today! [more...]
Date: 2009-09-28 18:57:28
Bank Loan Stats: The Good, The Bad & ........
The%20Fuugly.jpg The Federal Reserve's survey of loan quality for U.S. commercial banks is in ... ugly and are killing the banks. Surprisingly to some, credit card delinquencies and losses ... ) to be of particular importance in this credit crunch. Remember that these days banks can lend money in two [more...]
Date: 2008-11-19 02:12:16
Top 10 Scams: How to Avoid Being Victimized
1. Internet fraud The hottest medium for scams, as it is for conducting legitimate business and consumer purchases ... ). For purchases, use only credit cards as a charge back is possible on phoney transactions but make sure ... and call your bank and credit card issuers. Have a fraud alert placed on your file including a victim [more...]
Date: 2008-12-17 19:19:02
Identity Theft – Will You Be A Victim?
Identity Theft – Will You Be A Victim? With the shopping season in full swing even though we are experiencing a difficult time across all industry ... do you shred you paperwork or destroy expired credit cards? Basic precautions are easy to put in place ... pre–completed credit card applications! You don’t care about that, you bank online, BIG DEAL [more...]
Date: 2008-12-30 01:13:21
When The Bill Collector Calls
A couple of weeks ago I received a very unusual phone call ... , I pulled a copy of my credit report and there was no credit card account bearing that number nor ... . The caller stated that she was calling in reference to my XYZ Bank credit card and asked [more...]
Date: 2008-11-17 11:00:33
Winners and Losers from Current Economic Situation.
In the current economic situation we have Low inflationLow PoundVery low interest ratesDeclining output / rising unemploymentWinners include: ... is not rising ( at moment). In theory people with credit card debts should benefit, but, in practise, banks have not passed rate cuts onto those paying credit card debts. Interest rates are still around 16-17 [more...]
Date: 2009-01-13 06:40:00
The Identity Theft Epidemic
In today’s modern world there’s an increasing threat level associated with identity theft. With newer technology being implemented and invented everyday, this rise has been due in many respects that that innovative technology. Criminals are using that smarter technology to increasingly break into bank accounts, credit card facilities and the like quicker and easier without going detected. But what is identity theft actually? [more...]
Date: 2009-09-01 13:58:26
The Identity Theft Epidemic
In today’s modern world there’s an increasing threat level associated with identity theft. With newer technology being implemented and invented everyday, this rise has been due in many respects that that innovative technology. Criminals are using that smarter technology to increasingly break into bank accounts, credit card facilities and the like quicker and easier without going detected. But what is identity theft actually? [more...]
Date: 2009-09-01 13:58:26
Investors May Be Too Optimistic About Consumer Recovery
The most accurate banking analyst, Meredith Whitney, has warned that banks are likely to continue to restrict consumer credit, ... , are implemented. Credit card issuers shifted their model away from one where they earned ... are likely to cut credit to risky borrowers even beyond what they would have done in a risk-averse [more...]
Date: 2008-12-14 06:10:36
How we are in the hands of phishers
Its Monday morning. Ugh. Turn on your computer and check that mail! What’s this?“In accordance with new KYC ... just been phished!Another time, you get a call from your credit card bank, asking if you’ve made any online ... at Paypal to the tune of $2150 Rs. 1 Lakh have been honoured by the credit card issuer.Did’nt make [more...]
Date: 2009-01-13 18:02:00
Mint.com Says I'll Be Bankrupt In Sixty Days At This Pace
When Mint.com first integrated the tracking of investments alongside bank records and credit cards this May, ... all of my accounts, taking on more credit card bills than my actual assets, what was once trivial is eye-opening [more...]
Date: 2008-11-23 07:03:20
All the time, I get requests from readers asking me for recommendations of financial products ... account? What credit card should I get? Where should I get my insurance from? What kind of software ... in the world. I’ve never held a credit card with a lot of banks. I’ve only had accounts with a few [more...]
Date: 2008-09-09 20:00:17
Think bums are poor? They’re actually richer than you!
Donald Trump and his daughter, Ivanka, were driving one-day and on the corner of a street they spotted a bum ... to it. Chances are that you are paying more interest on things like your credit card than what you are earning from the bank. So instead of making the minimum payment on your credit cards each month, pay [more...]
Date: 2008-12-15 03:38:37
The Physical Side Effects of Debt
Anyone who has carried a heavy load of debt is keenly aware of its ability to strain your budget and your relationships, ... forced to stay in a bad job because relocating is simply not an option when living paycheck to paycheck ... like to donate to banks and credit card companies. Financial Peace Now imagine for a moment [more...]
Date: 2008-06-25 02:10:57
The budget.
I got a phone call from the bank this afternoon telling me my beloved debit/Mastercard had been compromised in some type of break-in and was being ... bank ?" "Yeah." "And you have a credit card?" "Yes, but I don't like to use it.**" "So you don't ... . **I keep a card so I have credit. It was a PITA to get. Do you know what makes you a high risk [more...]
Date: 2009-01-13 02:26:49
Badcreditloanshop.com
.fullpost{display:inline;}The most common problem is financial. same financial problems that contribute to this problem in the bad credit loans ... for you to secede from debt in bank and also credit card, requirement of house, health, insurance ... of your family. Eliminates taste is anxious about debt, with bad credit loan of all your requirement [more...]
Date: 2009-01-13 09:47:00
Today's Cartoon: Taking The High Road
According to Rasmussen Reports,a poll conducted on July 1, 2008 shows that Congress now has an all-time low favorable approval rating of 9%! ... for months to create a software "patch" released on Tuesday to repair the problem, which is in the way ... of businesses such as bank or credit card companies to trick them into disclosing account numbers [more...]
Date: 2008-07-09 21:49:43
The TARP gets a makeover
Remember that whole thing about buying up billions of dollars in crummy assets and securities to shore up the banking system? ... the market for credit cards, student and auto loans -- which combined account for some 40 percent ... the government's $700 billion bailout program to include credit card, student loan and car loan companies [more...]
Date: 2008-11-12 17:12:00
The End of Consumerism?
I'm still trying to figure out if this "phony recession" is really as significant as earlier eras of American economic dislocation. Sure, housing's collapsed, credit markets and banking institutions have face bailouts ... argues that indeed credit card-driven spending has kept the economy afloat, but the good times [more...]
Date: 2008-08-12 15:12:08
MS Office Passwords and Password Recovery Programs
By Albert McZeallyAll of us want to protect ourselves. At home we have fire alarms, sprinklers and burglar alarms to keep our families safe ... for something untoward. Anyone who keeps financial information such as credit card or bank account numbers ... that you forgot the password. Although writing down your passwords seem like a bad idea, if you are [more...]
Date: 2009-01-06 22:04:00
Bankruptcy reform is driving foreclosures
After the shenanigans of the last couple of years, I think the banking industry needs government oversight to stand on its neck for a year or two ... by the credit card industry.So say three researchers at the Federal Reserve Bank of New York, who argue that the legislation shifted risk from credit card lenders to mortgage lenders, helping trigger [more...]
Date: 2009-01-13 22:16:26
End of The Year Market Report for Charlottesville Region
Copyright RealCentralVA.com, LLC. If you are not reading this at RealCentralVA.com the site you see is likely stealing content ... ‘em … wait! yes he does , Auto Bailouts, Investment Banking Bailouts, Credit Card companies ... - - Interest rates are ridiculously low, and loans are absolutely still available. - It is a Buyer’ [more...]
Date: 2008-12-22 14:00:36
Has Deleveraging Even Begun? (Not For the Fainthearted)
It no doubt seems absurd to question the idea that deleveraging in underway ... . Leveraged buyout loans have been scarce to non-existent. Banks have cut home equity credit lines and credit card borrowing limits. Commercial and industrial loans have fallen. The private mortgage [more...]
Date: 2008-07-28 07:37:19
Consumers' New Found Embrace of Savings Will Make for a Nasty Downturn
The blow to many Americans' net worth via diminished home values and shrunken retirement accounts has lead to a new found insecurity and ... by credit card companies, banks, and auto lenders getting more stringent and, where applicable, cutting back on credit lines. Thus, consumers suddenly (at least for now) want to be savers (note [more...]
Date: 2008-10-21 04:06:27
Beware: Scammers Impersonating KIA Offer Fraudulent Job Opportunities
.fullpost{display:inline;}Every day con artists look for new ways to scam internet users from their money ... that could result in identity theft or possibly the misuse of bank and credit card details. Gary Tomlinson ... was not caught out, but this is a particularly callous attempt at fraud as it hits people desperately looking [more...]
Date: 2009-01-08 16:39:00
moving your money to a safer bank. *Based on FDIC data from March 2008. ... » Banks and Fraud: Bank of America Better Than Expected? » More Credit Card Customers at Risk ... . Dovetailing nicely with my article on how to freeze your credit record, Ben talked [more...]
Date: 2008-07-16 10:10:35
Big Victory in Fight Against Spam: Major Spam Host Axed
The Washington Post is reporting that a US host allegedly responsible for a whopping 75% of the junk email sent out globally on on a daily basis has ... porn, and a Trojan horse operation that apparently swiped banking and credit card information ... . In addition to controlling spam-producing botnets, MyColo’s bad practices extended to other illegal [more...]
Date: 2008-11-12 18:42:03
The US economy is in a funk
The US economy is in a funk By Peter Morici Troubles at United States banks are making mortgage, credit card and business loans scarcer and more expensive. Falling home prices, rising ... , questionable auto loans and lax credit-card rules. In the housing market, mortgage companies were aided [more...]
Date: 2008-08-22 12:12:06
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