Sunday, November 11, 2012

Total consumer debt stands at $2.74 trillion.

It’s a boost for consumer borrowing, but some analysts are worried. A new report that came out this week revealed Americans took out more student and auto loans in September in record numbers.

Thursday, November 8, 2012

Interest rates on new credit card hold at 15.01%

The national average APR remained at 15.01 percent Wednesday, after rising the previous week. Bank of America did raise the maximum possible APR an applicant could receive on two of its basic credit cards, the BankAmericard Visa and the Bank Americard for Students.

Tuesday, November 6, 2012

Your Credit Card: Song Beverly Credit Card Act

Did you know that if you live in California, your ability to buy things online could be in jeopardy? There’s an old law on the books that significantly limits the amount of information you are required to do your online shopping using a credit card.

Monday, November 5, 2012

Credit card default rates dropped again in September

Personal credit card default rates dropped again in September, falling more than 1.5 percentage points since the same month a year ago, according to the latest report from the S&P/Experian Consumer Credit Default Indices.

Sunday, November 4, 2012

Steps to take to stop robocalls!

The walking dead are fictional, but getting calls from the non-living is all too real. Zombie-like voices are coming over the phone in hoards -- and when they're offering to slash your credit card interest rate, there's reason to be afraid.