Congress is taking the credit card companies to task over fees and interest rate practices. Sen. Carl Levin, Chairman of the Senate Homeland Security subcommittee, said an investigation by his panel found “abusive” and confusing practices by credit card companies that can increase financial pain for many families.What Sen. Levin is doing is trying to […] (more…)
I wrote a post yesterday, commenting on Congress?s decision to inquiry into the practices of the Banking and Credit Card industry. In the article I posted a link to a story on Yahoo in which Citibank came under fire. I was glad to see the heat, because I have a Citibank credit card and they […] (more…)
Every financial advisor and debt reduction expert will say you need an emergency fund. Some like Dave Ramsey say you need $1000 in the bank before you start your debt reduction snowball plan. Others like Liz Pulliman Weston will say $500 is good. I agree with Ramsey in principle but the reality is most can […] (more…)
So a co-worker of mine mentioned that February tends to be a slow month for retailers because most Americans are recovering from the ?hang over? spending they did during the holiday. Credit usage during the holiday is as much apart of the holiday season as the Christmas tree itself. This is unfortunate. I say this […] (more…)
