Record Credit Card Defaults Signals a Weaker Recovery
According to reports from Moody’s ( MCO ) Investors Service, credit card delinquencies surged to record levels in August. In the first increase of charge-off rates since the rally began in March, credit card issuers wrote off 11.49% of uncollectible consumer debt compared to 10.52% in July. Also loans more than 30-days past due also rose to 5.8%. Moody’s report also suggests that charge off rates are not likely to peak until mid-2010, as unemployment continues to strain many consumers budgets. [more...]
Date: 2009-09-24 14:40:21
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Free Credit Reports and How to Use Them
... when consumers who were responding to an ad for a free credit report found themselves enrolled in a monthly service. The FTC stepped in and amended the Fair Credit Reporting Act to require each [more...]
Date: 2008-10-08 08:05:49
Recognizing a Credit Repair Scam
by David Wada Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a ... and someone else has your money. If you see a credit repair offer, heres how to tell if the company behind it is up to no good: * Before they provide any credit repair services, the company wants [more...]
Date: 2009-01-16 06:24:58
Identify Credit Repair Scam in 6 Ways!!
by David Wada Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a ... and someone else has your money. If you see a credit repair offer, heres how to tell if the company behind it is up to no good: * The company wants you to pay for credit repair services before [more...]
Date: 2009-01-16 06:23:45
Credit Karma Uses Ad Model to Provide Free Credit Information
According to the 2007 Online Banking Report, approximately one in three US adult consumers monitors or checks their credit score in some form or ... the score is usually only free if you enroll in a credit monitoring service. In this margin-rich industry ... . FreeCreditReport.com and TrueCredit.com, the consumer direct sites of Experian and TransUnion [more...]
Date: 2008-11-25 19:39:56
Keep Watch For The Missing Quarter
How secure is yours? How secure is yours? HARRISBURG PA - Internet chat rooms are filling with complaints from credit card customers nationwide ... : File a dispute immediately with your credit card company; Call Pennsylvania’s Bureau of Consumer ... business with. The company, Adele Services of Melville NY, doesn’t exist, according to a report Sunday [more...]
Date: 2009-01-16 10:40:26
Identity Theft - Are you protected?
I work in the computer services industry ... . In discussing the report, Lydia B. Parnes, the Director of the FTC's Bureau of Consumer Protection ... by the Fair and Accurate Credit Transactions Act (FACT Act) and see how safe it makes you feel [more...]
Date: 2008-06-23 22:28:00
eCommnerce Chargebacks and Remedies
According to a recent report (Oct, 2008) by CyberSource (a leading payment & risk management services company) ... with their bank or credit/debit card provider. Sometimes the consumer dispute is untrue, and their refund claim ... . In cases of credit card fraud, the merchant loses the goods or services sold, the payment, the fees [more...]
Date: 2009-01-06 07:09:50
Wednesday Night Marketing News
When I lived and worked in Metro Detroit, the Auto Show was one of the highlights of winter.. ... . "The issues are limited range, long charge times and durability," says David Champion, Consumer Reports ... Financial Services Private-Label Credit Card Biz 'More Bleak Than Sunny' by Les Luchter "Online [more...]
Date: 2009-01-14 23:00:00
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