July 11, 2011
It is estimated that over 11 million Americans owe more money on their mortgage than their property is actually worth, and unfortunately, this may cause many homeowners to simply walk away from their mortgage. read more…
May 2, 2011
May 22nd, 2009, saw new regulations put in place by President Barack Obama, called the Credit Card Accountability, Responsibility and Disclosure Act, which has been popularly nicknamed as CARD. The provisions went into effect early in 2010 and knowing what these regulations are can help to protect credit consumers. read more…
April 14, 2011
With homeowners being burdened with some of the highest mortgage interest rates ever seen, and with many of them having to cope with monthly housing expenses that exceed their income capabilities, it is not surprising that Australians are trending towards conservative credit card spending. read more…
November 3, 2010
For individuals with bad credit or those facing rising interest rates, at the moment the future probably looks pretty grim, considering the shape of the global and domestic economies. Even so, there is never a bad time to start repaying credit card debt and rebuilding the credit score. Making an effort to maintain and repair the credit score, and utilizing responsible spending habits, will improve the chances of receiving better rates and higher credit limits in the future when the economy improves. The following tips can help anyone keep their credit in good shape, even when the economy is at its worst.
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September 19, 2010
Many consumers are excited about the credit reform implemented in July of this year, primarily because it eliminates many of the unfair practices credit card companies have been using to charge higher interest rates and penalties. Unfortunately, this reform didn’t stop credit card companies from jacking up rates, decreasing credit limits, and changing due dates before the new regulations went effect. Even so, the changes made this year are more significant than any incurred in the credit card industry over the last three decades.
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