Credit Cards

Emily's list: I'm starting a budget edition

Updated: 2010-09-30 19:16:58

: Living with credit 323 New , interesting products 80 Research , regulation , industry reports 203 Rewards 32 Protecting yourself 130 The fine print 51 Credit card miscellany 332 Add category 1 Print Email Emily's list : I'm starting a budget edition Emily Starbuck Gerson September 17, 2010 Living with credit I have a confession to make : I don't budget . I know what you're thinking . How can a personal finance blogger not budget It's a little embarrassing and something I've avoided far too long . This past weekend , I lamented to my fiance about money we haven't combined our finances yet I explained I was feeling frustrated with some high bills lately , some of which were unexpected . I was starting to realize that I didn't have quite as much disposable income as I thought I did .

Emily's list: Tropical Storm Hermine takes on Austin edition

Updated: 2010-09-30 19:16:58

: Living with credit 323 New , interesting products 80 Research , regulation , industry reports 203 Rewards 32 Protecting yourself 130 The fine print 51 Credit card miscellany 332 Add category 1 Print Email Emily's list : Tropical Storm Hermine takes on Austin edition Emily Starbuck Gerson September 8, 2010 Living with credit I know I recently wrote about hurricanes , but I have more to say . When I wrote the last post , hurricanes weren't affecting me I was just reading about them in the news . But this week , Tropical Storm Hermine arrived in Austin , where I live . By the time it hit , it was degraded to a tropical storm , but it still slammed areas of Central Texas with up to 15 inches of rain in some parts in just two days . Tropical Storm Hermine lands in . Texas Source : NASA We

Emily's list: Don't lose your mojo edition

Updated: 2010-09-30 19:16:58

: Living with credit 323 New , interesting products 80 Research , regulation , industry reports 203 Rewards 32 Protecting yourself 130 The fine print 51 Credit card miscellany 332 Add category 1 Print Email Emily's list : Don't lose your mojo edition Emily Starbuck Gerson September 22, 2010 Living with credit I read an article on CNN.com this week about how President Obama is beginning to lose some of his clout and the magical mojo that surrounded him pre-election . He ran on a platform of change , and while he has fought to reform everything from health care to Wall Street in his two years as president , his ratings have fallen and continue to slide . It seems this is due to a combination of him inheriting a terrible economy and two controversial wars , in addition to starting off with

Consumer financial watchdog agency has a new leader -- unofficially, maybe

Updated: 2010-09-30 19:16:58

Are congratulations in order? Consumer groups are applauding the news that Harvard University law professor Elizabeth Warren may soon take over the early development of the new Consumer Financial Protection Bureau. It isn't official yet and the whole thing seems like a kind of back door way to get Warren into a position to run the consumer financial agency -- or influence its early startup.

Obama reveals his own credit card woes

Updated: 2010-09-30 19:16:58

President Obama, sometimes criticized for an excess of coolness, had something close to an "I feel your pain" moment Friday -- and that pain was caused in no small part by his personal credit card use. The moment came as he announced he had appointed Elizabeth Warren as a special Treasury adviser, a role in which she will shepherd into existence a new federal consumer watchdog agency.

Players gain financial knowledge -- rather than yards -- on this football field

Updated: 2010-09-30 19:16:58

Just in time for the start of the 2010 regular football season, the National Football League and Visa Inc. have teamed up to release a new educational video game: Financial Football 2.0. Designed to help young and old test their knowledge of credit and debt, student loans and retirement accounts, the game is a step in the right direction for helping us all increase our financial literacy.The staff at CreditCards.com wanted to see how challenging and educational the new game actually was, so we played it -- lots of times. Here's what we found...

Credit card-reading guitar playing at the carnival, too

Updated: 2010-09-30 19:16:58

, Living with credit 323 New , interesting products 80 Research , regulation , industry reports 203 Rewards 32 Protecting yourself 130 The fine print 51 Credit card miscellany 332 Add category 1 Print Email Credit card-reading guitar playing at the carnival , too Tyler Metzger September 7, 2010 New , interesting products Big ups to Jeff over at the Sustainable Life Blog for including my post , Brother , can you spare a swipe Contactless card reading guitar unveiled in this week's Carnival of Personal Finance . My post , which details a wireless , touchless credit card accepting guitar by Barclays , is nuzzled into the ever-popular theme of Labor Day . Because what says Labor Day more than a raggedy bum asking for change and strumming Like A Rolling Stone in the corner of a busy

Love from the 'I love New York' edition of the Carnival of Personal Finance

Updated: 2010-09-30 19:16:58

Living with credit 323 New , interesting products 80 Research , regulation , industry reports 203 Rewards 32 Protecting yourself 130 The fine print 51 Credit card miscellany 332 Add category 1 Print Email Love from the I love New York' edition of the Carnival of Personal Finance Dan Ray September 13, 2010 Credit card miscellany A hearty hat tip to Danielle Liss , whose eponymous blog is the host of this week's Carnival of Personal Finance . A blog carnival is a roundup of items from around the blogosphere , usually with a topic and a theme , that is hosted by a different blogger each . week This week's topic , as you might have guessed , was personal finance , and she themed it around New York and the ninth anniversary of Sept . 11. She was kind enough to include my item from last week ,

Emily's list: Pittsburgh Steeler Troy Polamalu's hair insurance edition

Updated: 2010-09-30 19:16:58

: Living with credit 323 New , interesting products 80 Research , regulation , industry reports 203 Rewards 32 Protecting yourself 130 The fine print 51 Credit card miscellany 332 Add category 1 Print Email Emily's list : Pittsburgh Steeler Troy Polamalu's hair insurance edition Emily Starbuck Gerson September 3, 2010 Living with credit I know there are many types of insurance . Each month , I pay car insurance , health insurance and renters insurance , and I just got an insurance policy to cover my engagement ring . I'm familiar with homeowners insurance , pet health insurance and even identity theft insurance . But hair insurance Voice insurance Taste bud insurance These policies exist , and famous figures and their endorsers actually spend big money on them . Time.com just featured a

When Our Protectors Become Victims

Updated: 2010-09-30 19:16:29

After 22 years working the front lines of America?s border wars, Douglas Garner finds himself broke, wondering how he?ll afford to pay his mortgage and put two kids through college.

Initial Thoughts on AIG

Updated: 2010-09-30 14:59:30

Best Credit Cards For College Students

Updated: 2010-09-30 13:42:07

I have used and reviewed MANY credit cards while serving as editor of this site. I know way too much about plastic. At one time, I had 12 credit cards -- I still have 7 accounts open. I think the best credit card offer for college students right now (as of October 2010) would have to be the Chase Freedom VISA. If you sign up through our special promotional link here, you will also receive $100 Bonus Cash Back from Chase. Free money is always worth taking. I also like the Chase Sapphire card a whole lot, but that one...

Now's the Time to Refinance Your Mortgage

Updated: 2010-09-30 03:14:23

If you were born after we first landed on the moon, you are among 70 percent of Americans. It's also a great time to buy a home or refinance your mortgage because rates are lower today than at any time since you were born.

Job market grim as consumers curb spending

Updated: 2010-09-30 03:14:22

Economic uncertainty continues to linger, making consumers more hesitant to spend money. But a decline in discretionary spending plays a role in job growth and may be inhibiting the hiring practices of U.S. businesses, a new report shows.

Ohio launches foreclosure prevention program

Updated: 2010-09-30 03:14:21

With foreclosure still a big problem all over the country, many government agencies have been working on programs to help slow the problem. Now Ohio has launched a new effort worth hundreds of millions of dollars.

What does privacy even mean these days?

Updated: 2010-09-30 03:14:20

he concept of privacy was central to our forefathers' discussions of revolution. Okay, so the word "privacy" never appears in the Declaration of Independence, the Constitution or the Bill of Rights. But it's a reappearing theme in our nation?s legal, social and political framework.

Geotagging 101: When invisible data reveals more than the image

Updated: 2010-09-30 03:14:19

Adam Savage of television?s Myth Busters learned about geotags the hard way. He inadvertently posted his home address to his thousands of Twitter followers.

Mobile Banking Redux

Updated: 2010-09-30 03:14:18

Using a PDA or smartphone to do your personal banking is inherently risky. But if you are compelled to use your Droid/iPhone/BlackBerry as a miniature teller, please take these basic precautions to protect your accounts, your money and your identity:

Surf Smart, Surf Clean

Updated: 2010-09-30 03:14:18

Are you aware of that just by clicking on a picture you can get a virus, malware, or a Trojan horse?

Hail the Gods of Ever More Convenience, but Alas, Beware the Demons of Ever Less Security

Updated: 2010-09-30 03:14:17

Banks would have us believe that they are obsessive protectors of our personal identifying information. Dangling us over yet another cyber-precipice, singing the siren?s song of convenience, they tell us we are secure, but never truly help us understand either the precautions they are presumably taking to protect us or the precautions we should be taking to protect ourselves.

A Thank You Letter to Facebook (from a privacy advocate)

Updated: 2010-09-30 03:14:16

You've been lambasted by the media, academics, politicians and privacy advocates regarding privacy issues. It's really not fair. When it comes to privacy, rather than being criticized, you should be commended, at least on a couple of levels.

Updated American Express Blue Cash Review (Plus Promotion!)

Updated: 2010-09-29 20:25:30

I have an AmEx Blue Cash credit card. One of the things I like most about it, aside from the cool transparent design of the card itself, is the simple cash back rewards. And if you spend more than $6,500 per year on your card, your cash back bumps up to an absurdly high 5% in certain categories, and 1.25% in most everyday categories. More information, including a special promo application link, is provided below. Use that link to sign up and you should also receive 0% intro APR for the first 6 months, if approved. Pretty sweet. I'm also...

The Shadow Consumer Bankruptcy System

Updated: 2010-09-29 16:18:48

Treasury Dept to Sell More Citigroup Inc (NYSE: C) Preferred Securities

Updated: 2010-09-29 15:00:00

News brief concerning Citigroup Inc (NYSE: C)... Story developing. As reported by CNBC.com a few minutes ago, "The U.S. Treasury Department said on Wednesday it was selling a portion of the $2.2 billion in trust preferred securities it received from Citigroup (C) in return for agreeing to share potential losses on a pool of assets the bank held. Treasury agreed in January 2009 to share the potential losses but no payment was ever made and no further obligation to do so exists, so all proceeds will be a net gain for taxpayers, the department said." Editor's note: By the way,...

Multiple Credit Cards are Good too

Updated: 2010-09-29 11:12:46

Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Multiple Credit Cards are Good too September 29, 2010 Having one credit card is okay . People are afraid to have multiple credit cards because they might get confused and might end up with a stack of unpaid bills . Other say that having a lot of credit cards is tantamount to telling oneself to buy a lot of things due to the wide credit limit . Some others are concerned about their credit scores and that having too much credit cards could hurt their . scores Unless you are one of those people who keep a single credit card for identification purposes only , you shouldn’t fear the need of holding multiple numbers of cards . Which brings us to the question : how many credit cards

Tips For Financing A New Start Up

Updated: 2010-09-28 20:00:25

Home Credit Cards Blog Tips Advice Tips For Financing A New Start Up Tips For Financing A New Start Up Tuesday , September 28th , 2010 When you start a new business venture , it is an exciting time but also one filled with stress . One of the main components of starting a new business is financing . While you may have enough cash to open the doors , there are still so many considerations to make about the smaller spending needs of . everyday Credit is coming back and more businesses are turning to their credit cards to keep them going until a profit can be turned . But is financing with credit cards the right idea for a new business Here are a few tips on financing a new start up with credit : cards If you are just establishing a business , there is likely not a profit being generated and

Younger generation may return to old spending habits post-recession

Updated: 2010-09-28 06:05:44

Most consumers are trying to pare down debt, save more money and curb unnecessary spending. But a new study reveals Generation Y may not be a part of new responsible money management trends. In fact, many young adults reported their plans to get back to their old spending habits as soon as the economy recovers.

Small Business Cards Remain Unprotected By The CARD Act

Updated: 2010-09-27 20:00:24

Home Credit Cards Blog Credit Card News Small Business Cards Remain Unprotected By The CARD Act Small Business Cards Remain Unprotected By The CARD Act Monday , September 27th , 2010 The credit CARD Act that was set into motion in February 2010 has promised to offer increased protection to cardholders . Limiting the fluffy laws that regulated the credit card companies granted consumers extra protection against unclear fees , increases and changes . In the past credit card companies had full reign to make changes to the rules as they saw fit . Some of these rules were nothing more than a money grab and in turn hurt . consumers CARD Act Changes The CARD act seeks to provide necessary protection for the individual cardholder and appears to be working better than expected . On the contrary ,

The Latest in American Credit Cards: Facts and Figures

Updated: 2010-09-27 14:04:27

: Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison The Latest in American Credit Cards : Facts and Figures September 27, 2010 Life without credit is an ideal life . No credit card bills on your mail box . No identity theft related to credit cards to worry about . All you need is cash . But not to some people . Credit card is an immediate value that has the power to buy many items , such as needs , without carrying cash . Others don’t have cash yet and so they charge to their credit cards and would take care of the bills upon pay day . Sometimes this can happen many times until the bills are stacked and there is no way to pay for . everything In November 2009, Consumer Reports survey concluded with the following results : 1

An Aside

Updated: 2010-09-25 20:56:55

Health Care Credit Cards Under Investigation

Updated: 2010-09-25 20:00:57

Home Credit Cards Blog Credit Card News Health Care Credit Cards Under Investigation Health Care Credit Cards Under Investigation Saturday , September 25th , 2010 Medical expenses are increasing all the time and unfortunately consumers who are in need of medical procedures not covered by insurance plan are left with few options for financing . The credit card industry took note of the consumer need and acted . Several health care credit cards were developed and marketed to consumers who need to finance medical debts . Recently , reports have been surfacing that the cards aren’t what they appear to be and it has reached the ears of a prominent attorney . general Attorney General Andrew Cuomo of New York has begun an investigation after hundreds of consumer complaints have come in . The

Origins of the Credit Cards

Updated: 2010-09-25 13:15:14

Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Origins of the Credit Cards September 25, 2010 You are probably one of the people who wanted instant approval credit cards approved or cash-back credit cards to return as much as 5 of their total spending . But have you ever wondered who started credit cards Many people should be thanking the inventor or inventors of credit cards . Without them , who knows Maybe we will be using sticks or coins for credit medium and maybe there won’t be swiping but breaking sticks or inserting coins in slots or other ways we can’t imagine . Now back to the geniuses behind the credit card . Of course , it first started with those who started credit” . Back in 3000, credit began in Assyria ,

Medical debt relief program to help Tennesseans pay down bills

Updated: 2010-09-25 05:14:27

Debt brought on by expensive medical bills can be costly and financially devastating. Some Americans, unable to pay their bills, fall into a precarious financial state that may lead to bankruptcy and credit score damage. To alleviate the burden of medical-related debt, a new program in Tennessee will help consumers pay down their balances.

New unemployment claims rose last week

Updated: 2010-09-24 21:13:53

The number of consumers who filed their first unemployment insurance claim rose slightly last week.

4 Things To Look For In A Student Credit Card

Updated: 2010-09-24 20:00:20

Home Credit Cards Blog Tips Advice 4 Things To Look For In A Student Credit Card 4 Things To Look For In A Student Credit Card Friday , September 24th , 2010 Kids gearing up for college for the first time likely have many things to anticipate being away from home for the first time . College expenses , unexpected emergencies , and just daily living expenses can be a big surprise when living on a college . campus A student credit card can be a resource both parents and kids can rely on during the first time away from home . Student credit cards are designed with the student in mind and there is a variety on the market to choose from for every . need Here are 4 things to look for when comparing and selecting a student credit : card Student-Sized Credit Limit Since a student credit card is

New to Credit Cards? Get a Secured Credit Card

Updated: 2010-09-24 05:12:45

Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison New to Credit Cards Get a Secured Credit Card September 23, 2010 Applying for credit for the first time may look scary at first . Sometimes you wonder what your credit future is . Will you be a good borrower Or will you default a lot and may end up bankrupt Nah , it’s too early to say that . Having a credit card the first time is a challenge . And adventure which requires you to decide a lot and forces you to put on your thinking cap to come up with ways on how to get the bills . paid Think of it as another part of your life that would provide your needs and test your responsibility level . But if you are still not up to it , better forget about the credit cards and just live

Give Me Glass-Steagall or Give Me Death?

Updated: 2010-09-24 02:43:28

A First Take on Blockbuster

Updated: 2010-09-23 22:23:33

A Lot of Wisdom over at the NYT

Updated: 2010-09-23 20:31:41

How to Balance Unemployment and Credit Card Bills

Updated: 2010-09-23 20:00:26

Home Credit Cards Blog Tips Advice How to Balance Unemployment and Credit Card Bills How to Balance Unemployment and Credit Card Bills Thursday , September 23rd , 2010 Unemployment rates are still high and families are worried about the impact joblessness will have on their financial future , especially when it comes to meeting the financial obligations of a credit card bill . If you get laid off or lose your job without much notice , bills can add up quickly if no steady income is . available Here are some tips on how to balance a period of unemployment when you still owe on your credit card : bills Get Your Priorities in Order Following your budget , you need to make a list of how much it costs to take care of basic necessities and whatever money is left over needs to be set aside for

Small business optimism rises in August

Updated: 2010-09-23 06:37:02

As the economy continues to slowly improve, many groups are divided on how to feel about their financial futures.

Mortgage purchase applications rise, refinances drop

Updated: 2010-09-23 06:36:41

More Americans attempted to buy homes over the last week and reached the highest level observed since the end of May. But at the same time, the number of refinances declined.

Jobless claims rose in August

Updated: 2010-09-23 06:36:40

While many other sectors of the economy seem to be slowly recovering, the rate of unemployment nationwide is not one of them.

Employment dropped in August

Updated: 2010-09-23 06:36:31

One of the lingering effects of the national recession is that unemployment figures are still fairly high, and that problem got no better in the last two months.

Empirical Caution: A Lesson from Auto Title Loans

Updated: 2010-09-23 01:58:25

College planning changes due to economy

Updated: 2010-09-22 22:35:15

The economic downturn has impacted many adults, forcing them to make significant financial changes to stave off foreclosure or pay down their debts. But young adults are feeling the effects as well, especially when it comes to planning for college. Most parents have seen their savings depleted and are working hard to make ends meet, forcing their children to find other means of financing their education. Other parents, unable to pay out-of-pocket for college, are also using their retirement funds to finance their children's education.

No Government Bailout for Credit Card Debt

Updated: 2010-09-22 20:00:32

Home Credit Cards Blog Debt Consolidation No Government Bailout for Credit Card Debt No Government Bailout for Credit Card Debt Wednesday , September 22nd , 2010 If you are struggling to pay your credit card debts but have no options for consolidation , you may start noticing the advertisements for credit card help from the government . The scam can be all too convincing and desperate card holders may not think twice about the legitimacy of the so-called government bailout . program Any ad insinuating that President Obama or the federal government in general has developed a bailout program for those in credit card debt is bogus . The advertising is spectacular and some sites even feature seemingly real governmental logos which fool consumers into thinking they are getting government

Rates are Low--Where Are All the Refis?

Updated: 2010-09-22 04:55:41

What Consumers Need to Know About the Fair Access to Credit Scores Act

Updated: 2010-09-21 22:33:17

When President Obama signed the sweeping Wall Street Reform and Consumer Protection Act of 2010 on July 21, he also enacted a piece of legislation aimed to help consumers gain a better understanding of their credit scores.

Credit Card 101 for Beginners: Types of Credit Cards

Updated: 2010-09-21 22:32:49

: Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Credit Card 101 for Beginners : Types of Credit Cards September 21, 2010 Even If you are new to credit cards , by now you should know that these plastics charge customers interest and the charges made in establishments accumulate . This is just the very basics of credit cards . But do you know that there are a lot of types of credit card Of course , if you want to get a credit card now , and you have never applied for one before , there are certain things you may have to come across before finally going to have . one Maybe you know that there are several types of credit cards in America . When credit card companies ask you what type of card you want to open up , don’t be

Pennsylvania foreclosure filings and repossessions increase

Updated: 2010-09-20 18:35:37

More consumers living in Pennsylvania seemed to have trouble paying their mortgage in August, as the rates of foreclosure and repossession on homes hit five-year highs.

August foreclosure filings rise

Updated: 2010-09-20 18:35:36

Mortgage loan defaults continue to negatively impact the real estate market as more homeowners lose their properties to foreclosure. The most recent data from RealtyTrac shows foreclosure filings increased 4 percent in August, with 338,836 properties receiving a notice. Although last month's rate increased, the overall number of filings is a 5 percent decline from the rate recorded in August 2009.

Earn Credit Card Rewards

Updated: 2010-09-19 10:32:38

Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Earn Credit Card Rewards September 19, 2010 There are , indeed , a number of credit cards that are circulating around the market however , one has to choose between these many credit cards that can definitely suit your lifestyle . The most common users of credit cards are avid shoppers whether online or land-based . Modern lifestyles dictate the necessity to acquire these credit cards in order to be able to purchase numerous and more economical goods online . This is because transactions often range from local online stores to foreign stores across a thousand miles . However , one has to be able to be frugal enough when it comes to keeping credit cards . If not ultimately

Working Mom Saw Writing on the Wall and Blogged to Financial Freedom

Updated: 2010-09-18 00:25:04

Opportunity is indeed alive and well in this economy. In fact, tough economic times can be the most entrepreneurial. Credit.com highlights individuals who, when faced with the challenges of today?s financial climate, found a resourceful way to turn their lives around.

Student loan defaults continue to rise

Updated: 2010-09-18 00:25:03

Credit card delinquencies and charge-off rates have steadily declined in recent months, but the same cannot be said for student loans. The most recent information reveals the national student loan default rate for fiscal year 2008 rose to 7 percent, up from 6.7 percent in 2007, according to the Department of Education.

Using Low Interest Credit Cards when Traveling

Updated: 2010-09-17 16:24:12

Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Using Low Interest Credit Cards when Traveling September 17, 2010 Traveling abroad has been one of the many dreams of a number of people . This scenario is definitely very ideal to many students , workers , business personnel , housewives , or a particularly community which seeks a certain degree of relaxation once in a while . One of the problems that occur when it comes to fulfilling such scenarios is the possibility of lugging around , not only your luggage , but also a handful of cash to use when once purchases souvenirs or necessities abroad . Apart from that , a lot of people generally find it exasperating to go through money exchange processes in foreign countries .

Short sales not having intended effect on real estate market

Updated: 2010-09-15 12:34:14

Homeowners who are strapped with a mortgage loan that is higher than their home's value often turn to short sales to rid themselves of debt and avoid foreclosure. Although this is a popular option for both individuals and lenders to reduce their financial loss, homeowners are finding the process may pose additional obstacles.

Opting for Instant Approval Credit Cards

Updated: 2010-09-15 12:34:12

Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Opting for Instant Approval Credit Cards September 15, 2010 Nowadays , credit cards have become a necessity in many households . This may be because of the idea that mechanisms that are used in purchasing goods in different places or means have become more technological than ever before . For the most part , many have been able to purchase goods conveniently with the use of their credit cards . This scenario is evident in online shops that require credit cards in order to purchase goods online . However , many people find it very frustrating to go through lengthy means just to be able to acquire a credit card . As a response to this , many credit companies try their best to

Freddie says mortgage rates finally rise

Updated: 2010-09-14 12:32:05

After months of sliding downwards, mortgage rates are finally beginning to climb again.

NFL Transitions from Bank of America to Barclays

Updated: 2010-09-13 20:00:00

Home Credit Cards Blog Credit Card News NFL Transitions from Bank of America to Barclays NFL Transitions from Bank of America to Barclays Monday , September 13th , 2010 The National Football League NFL has recently announced the decision to move the leagues credit card business from the Bank of America to Barclay . Barclay is a bank in Britain who will takeover the management of the official NFL branded credit card in September of 2010. The change from the Bank of America to Barclay will present a few changes for . cardholders Why the Change The reason for the change in banks is not entirely clear . The Bank of America and the NFL representatives failed to comment on the details surrounding the decision to stop their contract arrangement . The Bank of America simply reports that there was

How a Single Father Emerged from the Real Estate Crisis as an Entrepreneur

Updated: 2010-09-13 14:07:27

Contrary to what might be readily apparent, opportunity is indeed alive and well in this economy. In fact, tough economic times can be the most entrepreneurial. Credit.com highlights individuals who, when faced with little or no prospects for work, found a resourceful way to turn their lives around.

Succeed in a Recession by Becoming a Gigmeister

Updated: 2010-09-13 14:07:26

This movement towards "gig-enomics" is a sign of the economic times. Full-time jobs are scarce and many employers would rather hire workers on contract.

Purchasing Online through Prepaid Cards

Updated: 2010-09-13 14:07:00

Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Purchasing Online through Prepaid Cards September 13, 2010 Many online shops throughout the World Wide Web require individuals to secure their credit cards before being able to purchase their goods . This is because many dealers find it easier to courier cash through credit cards compared to dealing with individuals directly . Most of the time , purchases are much easier this way because not all buyers are from similar geographic locations . Since the internet caters to many individuals all throughout the world , credit cards become the most ideal means to exchange with each other . However , not all are equipped with these kinds of credit cards . In this kind of scenario ,

Unemployment Thins Out Pool of High Risk Borrowers

Updated: 2010-09-12 20:00:16

Home Credit Cards Blog Credit Card News Unemployment Thins Out Pool of High Risk Borrowers Unemployment Thins Out Pool of High Risk Borrowers Sunday , September 12th , 2010 There is a direct correlation between bankruptcy and joblessness . Unemployed people have less money and in turn are less able to meet their financial obligations . The correlation between no job and no money makes perfect sense . For the last few years the relationship between unemployment and declining credit card statistics has proven steady . Interestingly the research in recent month’s show that credit card statistics are improving , less people are defaulting on their credit card loans despite the still high unemployment rates in the . country Making Sense of the Numbers The past two years have seen much higher

Many find it difficult to refinance mortgages

Updated: 2010-09-12 14:04:46

While mortgage rates are at or near record lows, many consumers might see this as the perfect time to refinance their home loans.

Unemployment rate remains unchanged in July

Updated: 2010-09-12 14:04:45

While there were a number of signs that the economy improved in the first month of the year's second half, the nationwide employment situation wasn't one of them.

Thrifty Spending through Prepaid Credit Cards

Updated: 2010-09-11 14:02:32

Credit Card Blog Credit Card Articles Home Online Credit Card Applications Best Credit Cards Credit Card Comparison Thrifty Spending through Prepaid Credit Cards September 11, 2010 Shopping has always been one of many individual’s pastimes . However , a lot of people find it very aggravating and annoying to bring too much cash because of the fear that one might spend too much , lose it , or find themselves worrying about their bulky wallets . As a result , a lot of individuals look for more immediate means to purchase goods without having to worry about such situations . How is this possible For starters , the most efficient means to keep your money secured are through Prepaid Credit Cards Prepaid Credit Cards are considered as Instant money credits for many thrifty individuals . There are

Leading Rewards Card from Starwood Preferred Guest

Updated: 2010-09-11 09:00:02

Home Credit Cards Blog New Card Offers Leading Rewards Card from Starwood Preferred Guest Leading Rewards Card from Starwood Preferred Guest Saturday , September 11th , 2010 As summer travel is at its peak , consumers can benefit from the rewards and discounts offered by a solid credit card catering to hotel guests . Hotel cards are known to offer some of the highest redemption rewards and it can certainly pay to have one working on your side if you are planning a lot of travel during the summer months or at any time of the . year Turn to American Express and Starwood Hotels The American Express Starwood Preferred Guest Credit Card is one of the better rewards cards currently on the market . It has a history of popularity among consumers because the rewards . earnings Here’s the : facts

The Man Behind The Fair Access to Credit Scores Act

Updated: 2010-09-11 06:02:01

Senator Mark Udall tells Credit.com how the idea was born, and why he thinks this legislation is so important.

5 Reasons Your Card Might Get Blocked

Updated: 2010-09-10 09:00:55

Home Credit Cards Blog Tips Advice 5 Reasons Your Card Might Get Blocked 5 Reasons Your Card Might Get Blocked Friday , September 10th , 2010 Credit card companies take theft seriously and do what they can to protect customers and prevent incidents from occurring . However good the efforts are , there are occasions where the consumer who owns the card is declined . It can be a frustrating experience when you are trying to check out a large grocery order or when you are paying for dinner at a fancy restaurant and your card gets blocked But why is it happening Here are 5 reasons your credit card may be blocked and what you can do to fix : it Too Many Purchases At Once When thieves have access to a credit card , they tend to work fast and get as much as they can at one time before being

Credit gap expected to grow

Updated: 2010-09-09 19:40:27

Credit card issuers have been consistently reporting declines in delinquency and charge off rates as of late, but bankers and financial institutions appear to have a grim outlook on the credit gap that is excluding many Americans from securing financing. A new report released by FICO reveals that over the next six months, the divide between those deemed creditworthy and those who carry lower scores may continue to grow.

Foreclosures cause adverse health effects, study shows

Updated: 2010-09-09 03:39:24

Homeowners who have defaulted on their mortgage loans, putting them in danger of foreclosure, are undoubtedly worried about their financial condition. But a new report highlights just how much a consumer's health is affected by losing their home.

Turning a Greenhouse Dream into Reality

Updated: 2010-09-09 03:39:22

In October of 2008, Tim and his wife Dani watched Really Delicious, a documentary about organic and sustainable food production.

California rejects bill to protect homeowners from foreclosure

Updated: 2010-09-09 03:39:20

Proposed legislation that would have provided foreclosure protection to homeowners undergoing the loan modification process has been rejected in the California Assembly. Banks and lending institutions are pleased with the ruling, but consumers, who highly supported the foreclosure protection proposal, are incensed with the Assembly's decision.

Consumers paying more to file for bankruptcy

Updated: 2010-09-09 03:39:15

Most Americans who file for bankruptcy protection do so as a last resort because they do not have the funds to meet their financial obligations. Ironically, those seeking this form of debt relief will see the cost of filing increase, as evidenced by a new study.

Americans may be shunning banks

Updated: 2010-09-09 03:39:11

A small percentage of American consumers are currently considered underbanked or unbanked, but new reports reveal that this number may grow as more individuals turn their backs on traditional banking.

Divorce costs can further strain couples' finances

Updated: 2010-09-09 03:39:10

Studies have shown that debt can play a large role in the reasons couples may decide to part ways and start divorce proceedings. But what some may not realize is that the fees and expenses associated with this process can further plunge divorcing spouses into a state of financial strain that may take years to overcome.

A strong credit score can lead to a lower mortgage rate

Updated: 2010-09-09 03:39:09

Weak economy or not, most consumers are usually looking for ways to lower their daily expenses in order to save more money, pay down other debts and simply have more funds at their disposal. Carrying a mortgage loan is one of the highest expenses a consumer may have during their lives, but there are ways to negotiate a lower rate and save money.

NY encourages banks to provide more modifications to consumers

Updated: 2010-09-09 03:39:05

As much of the country is facing the real estate crisis and Americans are in danger of losing their homes to foreclosure, lawmakers in New York are pushing banks to grant more mortgage loan modifications to struggling consumers. In an effort to steer banks toward providing more aid to delinquent borrowers, New York Senator Jeff Klein and Brooklyn City Council member Brad Lander plan to unveil measures that will make foreclosures more unappealing to banks and lending institutions, according to the Wall Street Journal.

Existing home sales fall below expectations

Updated: 2010-09-09 03:39:00

The latest data reveals that the number of Americans completing purchases of existing homes fell starkly below economists' expectations in July, according to the National Association of Realtors.

Older Americans file bankruptcy more than younger generations

Updated: 2010-09-09 03:38:59

Although younger to middle-aged individuals appear to carry more debt - including student and mortgage loans, credit card balances and auto financing - a new report reveals that more older Americans are filing for bankruptcy. According the American Bankruptcy Institute Journal, individuals aged 55 and older are becoming the fastest-growing demographic to file.

Wells Fargo now asks essay question on mortgage application

Updated: 2010-09-09 03:38:57

A major U.S. mortgage lender is being accused of illegally asking consumers to write an essay to qualify for a home loan.

Economy forces more consumers to make hardship withdrawals from 401(k)s, Fidelity reports

Updated: 2010-09-09 03:38:56

An unprecedented number of Americans are facing unemployment and large amounts of debt relating to credit cards, mortgage loans and medical expenses, leaving them to exhaust all of their financial options to stay afloat. This now includes making hardship withdrawals from their retirement accounts. According to a new report from Fidelity Investments, a record-breaking number of its customers are borrowing against their 401(k)s.

Health credit cards deemed 'economic burden' to consumers

Updated: 2010-09-09 03:38:55

The recent launch of healthcare credit cards by a number of institutions has led New York Attorney General Andrew Cuomo to begin an investigation into the practices of many medical insurers, doctors and issuers. Believing that these products do not act in the best interest of patients, Cuomo is speaking out about the benefits and incentives physicians receive by encouraging citizens to secure these cards.

North Carolina foreclosures expected to set record

Updated: 2010-09-09 03:38:51

Foreclosure is an increasing problem all over the country as homeowners run into money problems and find themselves unable to make the monthly payments on their home loans. But in North Carolina, the problem has become so bad that it's expected to set records.

Mortgage relief program falling short of its goals

Updated: 2010-09-09 03:38:51

The Obama administration made it a point to help homeowners whose mortgages had slipped into foreclosure, but it seems as though the goals it initially set are unreachable.

More renters report they do not want to own a home

Updated: 2010-09-09 03:38:45

Despite record low rates and inflation, a large percentage of renters say they do not plan to take on a mortgage loan - ever - suggesting that it is no longer part of the American Dream.