Yet Another Reason to Hate the IRS (and OCC)

Photo by SC Fiasco As if it weren't hard enough to get banks to offer workouts to overindebted consumers! ... lenders want to forgive significant portions of credit card debt that borrowers can't currently repay ... to expand credit card debt forgiveness. According to the Financial Services Roundtable (whom I don't [more...]

Date: 2008-10-30 20:11:13

Blog posts (12) | Videos (23)
 

Farewell Countrywide: How The Bank of America Merger Will Keep Wells Fargo As The Mortgage Origination Leader

WARNING!  Long commentary about the Bank of America/ Countrywide merger ahead: Bank of America Press Release from July 1, 2008 (italicized) ... with deposits and credit cards,” said Bank of America Chairman and Chief Executive Officer Kenneth ... and a broad distribution network that will offer more ways to meet our customers’ credit needs.” BA [more...]

Date: 2008-07-02 19:19:14

Borrowing From Big Banks – A Moral Issue?

*Me to group* “Hello everyone. My name is Matt and I’m a recovering big bank customer.” *Group replies in unison* “Hi Matt!” *Me to group* “I’m 33 years old, and have been borrowing from big banks ever since they courted me with offers of credit cards and free t-shirts on my University campus back in the 1990s. [more...]

Date: 2009-07-23 12:15:54

Headline News - September 29, 2009

New Javelin Report: Multi-Channel Authentication Via Mobile Banking US News and World Report: Credit Card Fees: 5 Things You Should Know Alaska Option Joins Acculynk Internet PIN Debit Pilot Transaction Wireless Signs AMC Entertainment for wGift Mobile Solutions South African Airways Adds CyberSource to Its Anti-fraud Arsenal CGAP: Why M-PESA should offer savings accounts Note: Throughout the day, as Payments News happens, this post is updated. [more...]

Date: 2009-09-29 11:31:08

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

Alienware customer service - a contradiction in terms

Alienware customer service - a contradiction in terms January 15th, 2009 · This order was placed online yesterday, and since then, ... an automated e-mail stating that my credit card had been declined, and advising me to speak ... not processing the transaction properly. The bank then kindly offered to stay on the line while [more...]

Date: 2009-01-15 11:31:36

I WANNA A NEW DRUG... ONE THAT WON'T MAKE ME SICK

Some may say this is a bit of a rant, but I believe it needs to be said, and it's my blog, so I will say it ... 2.  Credit card debt is at an all-time, unsustainable high 3.  The banking industry is in total meltdown ... and wait to see what happens?   I'd like to offer another alternative... Pay Attention!  Each [more...]

Date: 2009-01-15 15:52:31

Credit Card Settlement Can Trigger Tax

Credit card banks may offer settlement at a reduced amount if you get behind and fail to keep current on your payments. My colleague, Doug Jacobs, talks about Negotiating Your Credit Card Balance in an earlier series of articles on this website. However, if a bank or other finance company agrees to settle a debt [more...]

Date: 2008-09-07 00:48:44

Last Chance To Enter Online Profits Twitter Contest

I want to remind everyone that tomorrow is the last day to enter my Twitter contest to win one of ten $288 Online Profits training course ... . Good luck! This Post Was Brought To You By Best Credit Card Offers Get up to $250 or even FREE round-trip plane tickets by signing up for hot credit card offers and bank deals! [more...]

Date: 2009-01-15 23:48:22

How to Avoid Unfair Collection Practices

Due to the global financial crisis, the number of debt collection agencies in the market is increasing. They are established to offer services of collecting debts on behalf of banks, financial institutions, credit card companies and loan providers. For people who are drowned in debt, it is indeed stressful to receive irritating phone calls from debt collection agents constantly. Hence, it is important to know some useful information so that you are able to avoid the unfair collection practices. [more...]

Date: 2009-09-20 06:02:50

Freshpeople: Be Smart About Credit

Freshpeople: Be Smart About Credit Category: Wasting your time The new students have arrived at UC-Berkeley, closely pursued by hordes of credit card marketers. Right by my office is a bank that literally ... get your first credit card from the guy on the street offering you a t-shirt or worthless, plastic (likely lead [more...]

Date: 2008-08-27 13:12:29

Layaway is Making a Comeback

I read an interesting article in the Detroit News about layaway ... to the customer. Now banks are lowering credit card limits and home equity lines, and even consumers ... . Before there were credit cards, stores offered layaway as an option to consumers who may [more...]

Date: 2008-12-14 06:13:42

12 Results