In these trying financial times, one truth has come out- the banks have declared war on the consumer when it comes to credit card usage and debt. Many Americans have become jobless, and cannot pay their credit card payments. In answer to this, banks are raising interest rates on their cards, lowering consumers’ credit lines and raising minimum payments. There are only two ways to get out from under these constantly rising payments- declare bankruptcy, which no one really wants to do, or find a debt settlement company to help you reduce unsecured debt.
Posts Tagged ‘Cards Credit’
No Interest Credit Cards – The Big Catch
Monday, July 20th, 2009What’s the deal with those no interest credit cards? Nearly every credit card company offers these cards now and then, but there has to be a catch, right? Not only is there a “catch,” but there’s also a lot of hidden print that goes along with signing up for any of these cards.
Credit Cards – How to Get Your Credit Card Application Approved
Friday, July 17th, 2009If you happen to be concerned about carrying your money on you and you think that there should be a better way to shop then you need to consider making full use of the new ‘plastic money’ – credit cards. With a fast growing economy that is also experiencing rapid growth many more people tend to want to shop and buy the latest gadgets and fashionable clothes and a lot more in the same vein. And, given the fact that modern lifestyles have become so fast and furious people today have no choice than to demand greater convenience when shopping.
Should the Government Increase Regulation of the Credit Card Industry?
Tuesday, July 7th, 2009If the government regulates the banking industry, why doesn’t it regulate the most lucrative arm of that industry – namely credit cards. How one credit card credit limit reduction can have a domino effect on your credit.
