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Credit Card Companies Slashing Limits of Good Customers

Consumers Affected by Drastic Changes in Credit Ratings More and more people are receiving the pink slip, but not just from employers.  It seems that the credit card companies that were once so eager to be your friend and trusted financial advisor are also letting people go, or at least significantly reducing the welcome status [...]

By |2017-12-13T02:12:44-05:00September 3rd, 2009|Credit Card Negotiation|Comments Off on Credit Card Companies Slashing Limits of Good Customers

Four Things You Should Do After Bankruptcy

#1 - Get a credit card. Yes, we know that credit card debt is one of the things that landed you in bankruptcy; but good credit is important in our society. You will need credit cards in your post-bankruptcy life; but you will need to handle them differently. First, start off with a secured credit [...]

By |2018-11-08T16:33:05-05:00August 20th, 2009|Bankruptcy, Credit Card Negotiation|Comments Off on Four Things You Should Do After Bankruptcy

Watch Out! Credit Card Changes Coming Next Week!

According to an article in the Star-Telegram , many credit card changes will take effect next week. Credit card companies can no longer change interest rates and fees on a whim and they are required to notify credit card consumers at least 45 days in advance of changes. But many credit card companies are already [...]

By |2018-11-14T19:18:46-05:00August 14th, 2009|Bankruptcy, Credit Card Negotiation|Comments Off on Watch Out! Credit Card Changes Coming Next Week!

Can I Opt Out of a Credit Card Interest Rate Increase?

As more credit card consumers make use of the credit lines, some companies are taking the opportunity to increase their interest rates. Many credit card consumers don't realize that they may have the right to "opt-out" of an interest rate hike in most cases. The first thing credit card consumers need to know is that [...]

By |2018-11-07T23:29:03-05:00August 13th, 2009|Credit Card Negotiation|Comments Off on Can I Opt Out of a Credit Card Interest Rate Increase?

America’s Senior Citizens Swamped with Credit Card Debt

According to an article in CNN, America's senior citizens are racking up credit card debt at a rate that outpaces other groups. The article said: "People age 65 and up carried an average of $10,235 credit card debt in 2008, according to a study released Tuesday by Demos, a public policy research group. That's an [...]

By |2018-11-12T18:14:38-05:00August 3rd, 2009|Credit Card Negotiation, Debt and Tax Relief|Comments Off on America’s Senior Citizens Swamped with Credit Card Debt

Credit Card Urban Myth Could Cause You Financial Pain

Many credit card consumers are under the mistaken belief that as long as they pay "something" on their credit card debt every month (even if it's lower than the minimum required payment), their creditor cannot take further action against them. That's a MYTH. The truth is that each credit card has a minimum payment requirement [...]

By |2018-11-14T17:43:48-05:00July 29th, 2009|Credit Card Negotiation, Repossessions|Comments Off on Credit Card Urban Myth Could Cause You Financial Pain

Credit Card Companies Strike Back with Variable Interest Rates

According to an article in the Star-Telegram , JPMorgan Chase & Co. and Bank of America Corp. are replacing fixed interest rates on some credit cards with variable rates. The credit card lenders' decision to go with variable rates was influenced by the new laws created to protect consumers from predatory credit card lenders. The [...]

By |2018-11-16T00:03:21-05:00July 9th, 2009|Credit Card Negotiation|Comments Off on Credit Card Companies Strike Back with Variable Interest Rates