Entries by Debtmerica

New credit card can help manage credit card debt

Over the past few years, many consumers across the country may have found that credit card debt can pile up in a hurry if they’re not careful with their finances and don’t pay attention to their spending. Fortunately for those consumers, there is a new credit card, which is offered jointly by MasterCard and Citi, […]

Mississippi lets drivers renew license with credit card

Many consumers may have been frustrated by a trip to the Department of Motor Vehicles in the past, but the state of Mississippi has a new way for them to avoid that hassle. According to a report in the Pascagoula newspaper the Mississippi Press, every DMV in the state – as well as two county […]

Consumers enroll in overdraft protection programs after reforms

Despite many consumers logging onto various websites and complaining about the large fees they used to be hit with when they accidentally overdrew their checking accounts, experts say a surprising number have decided to enroll in similar programs. According to a new report from Consumer Affairs, a "surprising number" of Americans either have opted in […]

PayPal gaining ground on credit cards

Though the number of consumers who take on credit card debt to make online purchases is still significant, another payment system is gaining popularity. According to a new survey from market research firm Cardbeat, PayPal has grown in both market penetration – over three-quarters of respondents said they had an account – and popularity as […]

Vending machines will take credit card payments via thumbprint

Consumers who use technology to take on credit card debt at their favorite vending machine can now do so without getting out their wallet. According to a report from New York City television station WNYW, a company in Massachusetts has begun testing futuristic new "biometric vending machines," which allow consumers to tie their retinal scans […]

Minimum credit card payments coming soon to small businesses

In the next few months, many consumers could find that their local businesses have imposed minimum purchase amounts when they choose to pay with their credit card. According to a report from Cleveland television station WEWS, the latest credit card reform laws included a provision that will stop credit card lenders from preventing businesses setting […]

Age is a factor in credit card decision making

As consumers approach and then pass middle age, they are less likely to know how to deal with credit card debt, a study has found. According to a new study from Boston College’s Center for Retirement Research,consumers make the best decisions when it comes to paying off their credit card debt with a balance transfer […]

Personal bankruptcies rise for the first time in months

The number of Americans who were forced to file for bankruptcy protection rose in July for the first time in months, which kicked off the second half of the year on a down note. According to the National BankruptcyResearch Center, there were 137,698 filings across the country in the July. That number is a nine […]