45% Less Credit in Americans’ Wallets

Meredith Whitney, an analyst with Oppenheimer & Co. is predicting that credit card issuers may cut as much as $2 trillion worth of available credit ... of accounts, cutting credit lines and raising interest rates are just some of the moves credit card [more...]

Date: 2008-12-02 13:03:38

Blog posts (18) | Videos (13)
 

Membership Has Fewer Rewards

For credit card-carrying Americans, the latest news from the economic crisis is good, then bad, then good again ... they had to, since credit card companies raised their interest rates even as personal income and credit limits dropped. Visa, MasterCard, et al., also are responding to the worsening economy [more...]

Date: 2009-01-14 19:00:18

How to Recover From A Bad Credit Rating As A Result of Hard Financial Times

by Darrell PriceRepairing your credit after you have suffered through a crisis such as a bankruptcy, foreclosure or a series of unfortunate financial events is a must if you are going to move on with your life. There is a lot to know about repairing your credit and raising your scores. Don’t worry; it is not difficult with the tips provided in this article.If you want to repair your credit yourself as opposed to letting a company do it for you, then you need to understand the basics of credit repair. [more...]

Date: 2009-07-05 13:35:08

USAA just hollered - They're raising my credit card rates!

Yup, even my beloved USAA is fighting the good fight these days. Got a nice little letter in the mail yesterday ( ... in full each month.Card #2 - the "Auto Loan" card: $30,000 limit with a locked in 3.4% rate for 1 year ... that the credit limits don't get slashed next :( I pumped those bad boys up to help our credit [more...]

Date: 2008-12-18 16:20:55

Use Online Surveys To Build Customer Trust And Loyalty And Thrive During The Recession

The ongoing financial crisis and talk of recession has left a lot of Internet marketers worried about whether they will be able to stay in business ... . Social network marketing sites, email, instant messaging and Skype all offer the Internet marketer ... with products first is not a great way to raise your credit rating with your prospects. One good way [more...]

Date: 2008-11-19 17:54:53

Latest News in Refinancing Home Mortgages - Nov 13, 2008

Mortgage Applications Rise as Interest Rates Drop - CNBC The Mortgage Bankers Association said its seasonally adjusted index of mortgage ... billion of loans at interest rates tied to the price of credit- default swaps, raising the cost ... shifts course on its $700 billion rescue plan, Congress is examining whether even bigger changes [more...]

Date: 2008-11-13 15:05:25

Membership Has Fewer Rewards

Membership Has Fewer Rewards Posted on January 13, 2009 (0) Comments For credit card-carrying Americans, the latest news from the economic crisis ... . Americans borrowed less because they had to, since credit card companies raised their interest rates [more...]

Date: 2009-01-08 15:00:32

The Asian Response

10 ASEAN nations planning for a crisis fund to tap from if they face severe liquidity crunch due to global financial crisis; Fund can also be used to purchase bad assets, recapitalize troubled financial institutions ... : Raised cap and credit cost on external borrowing of firms; cut interest rate 100pbs [more...]

Date: 2008-10-29 16:09:00

Why Are Interest Rates So Low?

Why Are Interest Rates So Low? By Robert Higgs on Aug 16, 2008 in Economics, Money and Banking | 3 Comments A month ago, I posted a little piece at The Beacon to raise some questions about the so-called credit crunch ... , was an answer to the question I had raised: if there is a credit crunch, why have we not seen [more...]

Date: 2008-08-17 04:07:03

You Say You Want a Regulation?

As if the economic news weren't bad enough at the moment, ... lenders from raising interest rates on existing balances unless a payment is received late. Credit card ... . Enter new "credit card regulations" issued by the Federal Reserve, Office of Thrift Supervision [more...]

Date: 2008-12-29 14:00:48

Can Battery Technology Save GM?

The saga at GM continues. On Monday I spoke of GM's Ridiculous Bluff to raise prices on the 2009 line of autos ... cut GMAC's credit rating one level to six rankings below investment-grade last week as ResCap burns through cash after losing $5.3 billion in the past six quarters. Credit-default swap prices give [more...]

Date: 2008-06-25 14:48:55

Another Random News Dump…

- Federal regulators today announced new rules for the credit card industry ... practices. Some examples of the new rules? Credit card companies will no longer be allowed to raise ... that allows Citibank to increase the rate on your Citi Visa if you’re late with a payment to Discover [more...]

Date: 2008-12-18 19:57:19

Fed “Shock & Awe,” What 0% Means, 2008 Pay Raises, Controversial Auto Survey and More!

Fed saves us from ourselves… details of the historic FOMC decision… Dan Amoss and James Turk on the implications of 0% interest rates… Dollar gets ... to further support credit markets and economic activity.” “This announcement,” Dan Amoss wrote ... . This may include a major mortgage refinancing initiative in 2009. A hint of such an initiative [more...]

Date: 2008-12-18 19:08:51

Eliminating Debt in 5 Easy Steps

by John Major It is unfortunate that in today’s economy, debt rules all. From the deepest spots of our wallets, we have charged ourselves to the point of no return. The commercials and ads promising a better car, newer home and more of this and that are all based on lines of credit and bank loans. Our children have been raised in this economy where paying for something means a monthly payment and a low or high interest rate; this is why debt elimination is needed. [more...]

Date: 2009-09-24 11:39:25

Cameron Turns Back the 'Do Nothing' Charge Onto Brown

David Cameron has just announced a plan to abolish income tax on savings for basic rate taxpayers. Good ... David Cameron's National Loan Guarantee plan, which would get credit flowing again to businesses ... of tax• Raising the tax allowance for pensioners by £2,000• Publishing reports, for consultation [more...]

Date: 2009-01-05 12:41:00

Mark Thoma on the Risk Premium

He writes, Tyler Cowen focuses on the misallocation of risk due to government induced moral hazard ... , that raised the demand for AAA and AA securities. The primary misperception was the view taken by rating agencies, and probably by the key sellers of credit default swaps, that house prices could never fall [more...]

Date: 2008-12-28 13:40:02

Illinois Mortgage Rates Weekly Update

Welcome to Illinois Mortgage Rates and News week in review for the week ending October 24th, ... rates world wide panic has shifted from worries about the credit crunch to worries ... whatever they have, good, bad or ugly, in order to raise cash (except for treasury bonds, money is rushing [more...]

Date: 2008-10-25 19:17:58

Debunking Conventional Wisdom about SEO

Search engine optimization seems to be rampant with myths compared to other types of marketing, ... every good keyphrase into URL, like credit-card-raise-credit-rating-get-rich-quick-place is not going to instantly mean that anyone who types “raise credit rating” or “credit card” into Google [more...]

Date: 2009-01-08 01:36:46

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