The Dangers of Distracted Driving

Traffic accidents caused by distracted drivers cost millions of dollars in damages and claim thousands of lives country-wide each year. As more and more mobile devices emerge on the market, including smart phones, PDAs and tablets, many motorists simply cannot resist their temptation and become distracted...

The High Price of Credit Card Penalties

Published on Oct 06 2011 // Banking, Credit Cards, Financial News, How To Guide, Savings
We live in a world where bad deeds often go unpunished. However, in the MasterCard Universe (Visa, Discover and American Express, too), cardholders deemed guilty of irresponsible repayment behavior by their card issuer are penalized – usually heavily – by a spike in their APR. “The best way to...

Is Now the Time to Apply? Credit Card Offers At Every Corner

Published on Oct 05 2011 // Banking, Credit Cards, Financial News, Investing
Is Now the Time to Apply? Credit Card Offers At Every Corner
If your mailbox is stuffed full of credit card offers, you may be contemplating opening one of them up. After sifting through all the junk credit offers, you might actually find a diamond in the rough. Because of the economy, credit card issuers are going to town when it comes to credit card marketing...

Mastercard Wants to Woo the Wealthy

Across the globe, 85% of retail transactions currently are made by means of cash or check, reports American Banker website.  MasterCard sees that number as an opportunity, according to President and Chief Executive Ajay Banga, as it provides a big audience for them to target. MasterCard wants to promote...

How To Eliminate Debt

Published on Sep 28 2011 // Banking, Credit Cards, Financial News, How To Guide
Jerry and Sue Bailey, residents of Jackson, MI, accomplished the tremendous feat of paying off 92 thousand dollars worth of credit card debt. This debt they had begun amassing in 1992 and lasted all the way until 2005. Their debts spanned over 17 different credit cards. On these cards, they charged the...

Interest Rates Dip, While APRs Rise

Published on Sep 23 2011 // Banking, Credit Cards, Financial News, Mortgage
The American economy is all topsy-turvy right now. Just this week, the Federal Reserve announced that it will keep long-term interest rates at a record low. Short term rates are already at record lows and they will continue to stay that way until the middle of 2013. That is, if the Fed has their way. Contrary...

Much Ado About Nothing – Pointless Credit Card “Perks”

Published on Sep 19 2011 // Banking, Credit Card Reviews, Credit Cards
In an effort to make themselves stand out from the slew of credit card offers being sent out daily that are designed to entice creditworthy consumers into applying for new lines of credit, some card issuers are plumping up the perks associated with their particular brand of plastic. However, those hunting...

Government Assistance Coming For Struggling Homeowners

Published on Sep 14 2011 // Business, Financial News
Good news for homeowners who are finding it a little hard to cover their mortgage expenses. The federal government has extended their deadline for homeowners requiring emergency help until Sept. 15. The extension is good for homeowners in 27 states. July 27 was the original deadline for the Department...

Discover Cancels Disposable Debit

Published on Sep 09 2011 // Banking, Credit Cards
The days of disposable debit card numbers are now done for Discover’s customers. The program called “Secure Online Account Numbers” and enabled customers to pick a unique credit card number for doing transactions safely online. For example, if a customer didn’t feel comfortable putting their...

The Fair Debt Collection Practices Act Primer

Published on Sep 06 2011 // Credit Cards, Debt
The Fair Debt Collection Practices Act Primer
If you are drowning in debt, shark-like behavior on the behalf of collection agencies can be intimidating at its very best. If you feel like fresh chum for predatory creditors keep in mind that even if you owe money, you are entitled to fair and respectful treatment by those who have been dispatched...

Tips to Alleviate Yourself From Debt

Published on Aug 30 2011 // Banking, Credit Cards
One silver lining to the black cloud that’s overshadowing the entire nation in the form of the economic crisis is that more and more Americans are making an effort to reign in frivolous personal spending and pay down outstanding debts. Here are a few tips to keep in mind for anyone committed to coping...

The Best Credit Cards For Job Seekers

Published on Aug 26 2011 // Banking, Credit Card Reviews, Credit Cards
The Best Credit Cards For Job Seekers
It might not be the first big thought that enters a job seeker’s mind, when checking out employment ads and scoping around websites such as Monster or Craigslist. But credit cards can come as a great boon when searching for work. If you measure the other factors involved- travel costs, a spanking new...

U.S. Consumers Are Paying Down Their Debt

Published on Aug 23 2011 // Banking, Credit Cards
In an era of non-stop negative news circling and pertaining to the economy, there is at least one very positive light shining through. And that light is the noted recent trend of the American consumer, quickly paying off their credit card debt, a sensitive topic in the past. The renowned credit bureau...

Do Consumers Know the Score Behind Credit Scores?

Published on Aug 17 2011 // Banking, Credit Cards, Finance Life Stages
Do Consumers Know the Score Behind Credit Scores?
With the National Credit card delinquency rate the lowest it’s been in 17 years, consumers have been making a conscientious effort to be more responsible with their credit. This is made more evident by the data assembled in a recent TransUnion credit card deleveraging analysis, which shows that consumers...

Students Demand Credit and Debt Awareness

Published on Aug 15 2011 // Banking, Credit Cards, Financial News
Students Demand Credit and Debt Awareness
A concert rally, to demand better financial education for college students will be held, August 28th, at Sullivan Hall in New York City. The event is being called Music for Change: Student Concert Rally for Credit Education, and features both local artists and international performers who, along with...

Does a Credit Rating Downgrade Mean an Upswing in Rates?

Published on Aug 10 2011 // Banking, Credit Cards, Mortgage
The unprecedented decision of Standard and Poor’s to downgrade the credit rating of the United States Government has caused a global economic commotion as markets fluctuated dramatically since the new rating was announced. However, analysts say that America’s new, less-than-stellar AA + credit rating...
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