All Entries in the "Credit Cards" Category
Credit Card and Debit Cards No Longer Have Automatic Overdraft and Over Limit Protection
New Credit Card Law Puts a Hold on Over Limit Charges As you have probably heard by now, the CARD Act takes effect on February 22nd. Many of these changes are part of the law, but a lot of banks are also making voluntary changes to their programs. There are a lot of changes to [...]
Credit Cards and the Minimum Payment – Don’t Fall Into the Minimum Payment Trap
To some, credit cards represent everything that is evil. It’s true that credit cards have done their fair share of damage to people’s finances, but they are also a useful tool. But what makes credit cards bad for most people is the minimum payment. That’s it. High interest rates don’t help, but it’s when you [...]
New Law Makes it Harder for Teens to Get a Credit Card Starting February 22, 2010
Good or Bad, The New Law Makes it Harder for Teens to Obtain Credit You may recall that back in May of 2009 the President signed into law the Credit Card Accountability, Responsibility and Disclosure Act of 2009, or CARD. This act was packed with all sorts of new credit card rules and regulations that [...]
Are You a Credit Card Junkie? Learn How to Kick the Habit
Are you a credit junkie? Millions of Americans are, including our favorite relative, Uncle Sam. We usually think of junkies as drug addicts or drug peddlers, but a junkie is any person who derives inordinate pleasure from or who is dependent on something. For many people, that’s buying things with credit. In other words, spending [...]
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