Bankruptcy is the Cost of the Way the Credit Card Industry Does Business

Reprinted with permission from Huffington Post 7-13-11 One newspaper article in 1997 told me all I needed to know about the business model for the credit card industry. Beneficial National Bank, the credit card lender for BJ’s Warehouse, notified 12,000 of its customers that it was revoking their credit card privileges. A logical guess would be [...]

Are Low Credit Score Credit Cards Really an Answer?

If you’re struggling with the economic recovery since the 2008 recession, it may be very tempting to sign up for one of the numerous low credit score credit card solicitations you’ve received in your mailbox.  But do a little research into what these cards offer and you may discover that they’re not such a deal [...]

What’s in Your Wallet May Not be as Good as You Think

  Credit cards offering rewards miles and other incentives may seem like a good deal, but let’s look at the fine print to learn more.   With the recent CARD Act going into effect on February 21, 2010, consumers are now receiving additional protections when it comes to how the credit card companies can charge interest, [...]

In Over Your Head?

Understanding the differences between debt consolidation, debt management and consumer credit counseling can save you thousands.

Bankruptcy of the Elder Class

Once the nation’s wealthiest class, today’s retirees are faced with unprecedented financial troubles that often lead to bankruptcy court.

Bankruptcies on the Rise amid Economic Recovery

U.S. bankruptcies increased 35% over the last year with 1.3 million bankruptcy cases filed.

Watch Out for Rising Credit Card Rates

Big Changes Coming for the Credit Card Industry  The credit card industry is beginning some major shifts in response to requirements put forth in  the Credit Card Accountability, Responsibility and Disclosure (CARD) Act signed into law on May 22, 2009.  The law was enacted to help American consumers who were battling years of unfair rate [...]

Be on the Look Out for Credit Fraud

Consumers have rights throughout the debt collection process. Here’s what you should know.