Entries by Debtmerica

Study shows number of new credit card accounts declined

August 9, 2010 in /by

A new study has found that the national recession has changed the way consumers obtain and pay off their credit card debt considerably over the last three years. According to a new report from the credit monitoring bureau Experian, the nationwide number of new credit card accounts that have been opened in the last three […]

Small businesses can now process credit card sales on mobile phones

August 6, 2010 in /by

In the past, many small business employees and owners may have found it difficult to process credit card payments from remote locations, where they didn’t have access to their accounts or equipment. However, that could all change thanks to a new mobile phone program. Sage Payment Boss, a new program from business software company Sage […]

Wells Fargo says it will eliminate penalty interest rates

August 4, 2010 in /by

In the past, consumers who were behind on paying off their credit card debt could have expected to be hit with a penalty interest rate that was much higher than their basic APR. However, those days may soon be forgotten. According to a report from the Associated Press, Wells Fargo recently announced it would eliminate […]