Category Archives: Banks
Creditors Add New Fees Before Card Reform Takes Effect
For every two steps forward, credit card companies just have to take one step back. You’ve probably already heard about the new credit card legislation going into effect to protect consumers from hidden fees and unfair rate hikes. As of February, that means no more double-billing cycles. No more confusing fine print. No more raising… Read More »
Annual Fees Are Back As Credit Card Companies Face Reform
Imagine paying for the privilege of spending your money. Sounds a little ridiculous, doesn’t it? But it could become reality for millions of credit card holders once the last part of credit reform legislation goes into effect this February. Don’t get me wrong – the regulation changes are much-needed. They’ll protect consumers by eliminating things… Read More »
Atlanta Bankruptcy Attorneys Find That Less Credit Can Help You Keep More Money
Imagine this: Just when you thought money couldn’t get much tighter, you receive a notice from your credit card company – they’re lowering your lifeline, i.e. your credit limit, even though you’ve been working your butt off to get a good credit score. Sound like a bad dream? It’s not. At least 33 percent of… Read More »
Chicago Bankruptcy Lawyers See the Benefit in Lower Credit Card Limits
It’s kind of ironic. It was too much credit that got us into this financial mess – now too little credit might be making it difficult to get out. A FICO study found that 33 percent of Americans – including those of us who haven’t done anything to negatively affect our credit — saw our… Read More »
How Bankruptcy Can Stop Foreclosure, No Lender Approval Needed
Too little, too late might be the best way to sum up the $75 billion government initiative to reduce foreclosures by encouraging lenders to modify loans. Obama’s plan certainly meant well – and to be fair, it did help some folks – just not everyone. The plan recently reached its goal of helping 500,000 troubled… Read More »