Some critics have said that agreements between lenders and colleges or affiliated groups can be damaging to consumers, but they may also be able to save them money. Deals between colleges and universities or groups are often used to generate revenue that is put toward marketing costs, according to a report from USA Today. However, […]
Consumers who have seen their financial situations improve in recent months to the point where they are comfortable taking on additional credit card debt once again may still have a difficult time doing so. Even as the national economy continues to improve, a small amount of all credit card issuers relaxed their lending standards on […]
One of the nation's largest financial institutions recently began informing borrowers that a popular feature created to help consumers avoid being stuck with fraudulent credit card debt would soon be discontinued. Discover Financial Services recently emailed many of its credit card customers saying that the Secure Online Account Number program it runs to help consumers […]
Hurricane Irene displaced tens of thousands of consumers and put many in danger of being unable to handle their finances properly. As a result, many lenders are allowing victims to make late payments into their credit card debt with no penalty. Chase recently announced that it would waive fees for all credit card and banking […]
When consumers choose to pay for a purchase with their debit card, they are usually asked, "Debit or credit?" But the choice doesn't make much of a difference, except in the way the consumer verifies it – by PIN or signature. But now, one major U.S. financial institution is launching a card that will make […]
The rate at which consumers fell behind on their outstanding debt continued to decline in the second quarter of the year, leading to less credit risk nationwide. Fewer consumers fell behind on their credit card debt and other lines of credit during the second quarter, leading the Credit Risk Index maintained by monitoring company TransUnion […]
The concept of consumers loading their smartphones to make purchases that would normally require them to swipe a debit or credit card is gaining more traction, and companies are ramping up preparations to launch and secure these services. In the next few months, the first two major digital wallet programs will be launched by some […]
In an effort to entice more companies into taking on credit card debt to better facilitate their transactions, some major lenders are now offering business credit cards that are associated with rewards programs and other perks. More competition among credit card issuers to entice small business owners into opening accounts for their companies has led […]
Many college kids across the country now have credit cards of their own, which may make it easier for them to make day-to-day purchases, but can also saddle them with debt. Now, a large and growing number of high schools and colleges nationwide are teaching teens responsible money and debt management techniques that will help […]
Many college students are now growing wary of taking on credit card debt and opening new lines of credit, and as a consequence are beginning to shun these accounts. Fewer college students are now using their credit cards and carrying a debt from one month to the next, according to a report from Tampa, Florida, […]