Are your APR’s increasing and you have no clue what is happeneing

Credit card issuers have large amounts of power over us, and it seriously is ludicrous. They have the right to significantly jack up our interest rates, lower our credit limits, and even share personal information on us. Credit card sign up applications are extremely one-sided and only benefit one party, the credit card organization. Most consumers are under the misconception that these are legal documents they are putting their name on, but that isn’t the situation whatsoever. [more...]

Date: 2009-09-06 13:11:38

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Bond issuer upgrades look set to increase

Bond issuers poised for a credit-rating upgrade have exceeded the 12-month average for the first time in two years, according to Standard & Poor's in a report that signals improvements in the global economy.The ratings agency said 174 global iss ... [more...]

Date: 2009-09-29 17:48:20

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

Credit Card Day of Reckoning This Thursday?

Most of us are painfully familiar of the tendency for credit card issuers to try and screw us in any and every way possible, ... card (like, say, your interest rate…) if you default on another, completely non credit card related ... all are expected to act on Thursday. Consumer groups say practices of credit card companies blindside [more...]

Date: 2008-12-15 03:05:04

Failure to Govern

From Mina Kimes at Fortune: Experts are divided over whether the municipal default rate, which is historically just 0 ... by much, but he argues that the credit stress facing issuers is an overriding concern to investors ... , according to data from Thomson Reuters… The market for municipal credit protection has “quite literally [more...]

Date: 2009-01-09 17:00:30

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