Unlike people who own medium or large companies, small business owners are personally responsible for all the liabilities of the company they run, according to a report from Forbes. As a result, it may be beneficial for these entrepreneurs to take on credit card debt for their business on their personal credit card. The protections […]
Some parents may be co-signing for a college-aged child's credit card account because they want their child to have access to some money in case of emergency, and other parents do it because they want to teach their how to responsibly deal with credit card debt, according to a report from Reuters. But some are […]
Starbucks recently announced the expansion of its Starbucks Card Mobile payment system to nearly 300 locations in New York City and two Long Island counties, according to Trading Markets. With this new program, consumers can use their BlackBerry, iPhone or iPod Touch to not only order coffee, but also to pay for them by taking […]
Many American consumers have run into economic problems during the last few years as a result of the nationwide recession, which may have led them to lean too heavily on their credit cards to make ends meet. For some families, this has brought financial challenges, as their credit card bills have piled up and become […]
A balance transfer can help consumers get out of credit card debt more quickly than some other methods of reducing a balance, but also can be tricky for some, according to a report from Birmingham, Alabama television station WBRC. Consumers may be able to use a balance transfer to save money on interest fees, because […]
Many consumers are now opting to use debit over credit, according to a report from ABC News. Of all consumers polled, 48 percent said debit has become the primary form of payment. Similarly, Visa reported that the last quarter of 2008 saw total dollar volume spent on debit cards surpass the amount of credit card […]
There were 1,044 lender agreements in 2009, 40 percent of which were made with colleges themselves, according to a new report from the Federal Reserve Bank. Another 33 percent were made with alumni associations. These agreements are made to both fund school or organization activities and services, while simultaneously increasing the amount of credit card […]
Many credit card offers carry an average of 33 different numbers, each describing a different rate or fee, according to a report from the Center for Responsible Lending. While many of those numbers – 41 percent – currently apply only to descriptions of the APR the card normally carries, 27 percent refer to penalty fees, […]
More consumers were able to successfully pay off their delinquent credit card debt last month, according to the latest statistics reported by Moody's Investor Services. As a result, charge offs for all lenders fell by more than apercentage point, from the 10.03 percent observed in August to 8.9 percent in September. The report said the […]
Credit card issuers American Express, Visa and MasterCard face uncertain futures after the U.S. Justice Department brought forth lawsuits that accused them of violating antitrust laws, according to the Bedford Report. Visa and MasterCard both opted to settle the lawsuits, which were related to the fees they charged to merchants for every credit card transaction […]