Credit Card Stimulus

Q: Is there such thing as a 3% cash back credit card? I think I remember seeing some years ago?

A: Thanks for your email Paul. Over the past fifteen or so years, we have seen a surge in the popularity (and variety) of cash back credit cards. This is no surprise - after all, we might as well get a little something back on the money we spend, right But can you really get as high as 3% cash ..read more

I made my annual sock shopping trip to Macy's a few weeks ago. I paid for my purchase with my Macy's Visa card, always worth a little discount. When I received e-mail notification of the bill a week later, I went online and paid it immediately.

Therefore, I was a little surprised to get a paper statement a couple of weeks later, but maybe their system is a little slow. Or perhaps they always send it. What astonished me was ..read more

Have you ever wondered what your Congressman thinks you should know about your credit card when it comes to all the recent changes? If so, you are in luck as a new site maintained by the Federal Reserve Board has recently been launched to provide a basic guide to navigating the credit card process.

 

On this site consumers will find guides that every cardholder or potential cardholder should know when it concerns their credit cards. One guide that seems to have ..read more

Probably not the best solution to the housing problem or the rising foreclosure issue, but that’s exactly what one frustrated Ohio man did according to an AP report this morning:

“An Ohio man says he bulldozed his $350,000 home to keep a bank from foreclosing on it.

Terry Hoskins says he has struggled with the RiverHills Bank over his home in Moscow for years and had problems with the Internal Revenue Service. He says the IRS placed liens on his carpet store ..read more

 

Now that the new era of credit card practices is officially underway, it should seem as no surprise that issuers are beginning to take the initiative to create ways to help their cardholders understand the many changes that have taken place. While each issuer has their own way of doing this, one issuer is doing it with "Straight Talk" and it could be what cardholders everywhere need.

 

Recently announced by Discover, "Straight Talk" which can be found on their financial education ..read more

As everyone knows, Congress is working on a new set of laws to regulate all aspects of the financial services industry. Last I heard, the document was over 1,100 pages long and it is frightful to think of what the law will be when Congress finally gets through with it. After all, the mortgage industry is currently having trouble digesting the last changes in regulations.

The first of these new mortgage industry regulations was the Home Valuation Code of Conduct (HVCC) ..read more

February 22nd… the day George Washington was born, the day Florida became a state, the day Dolly the cloned sheep was debuted to the world - and equally important - the day Credit Card Accountability Responsibility and Disclosure (CARD) Act went into full effect

If you’re a regular reader of Credit Card Forum, then you already know we have talked about this extensively over the past few months, but here’s a quick summary of the highlights:

Interest Rates From this day ..read more

A couple of years ago my step-father-in-law became ill and now requires 24-hour care in a nursing facility. I take care of his finances, making sure his bills are paid on time. He was also the victim of identity theft, and I worked with the police department to arrest the criminal. (She was caught and sentenced, and was ordered to pay restitution but I’m sure she won’t ever do that.)

Needless to say, the amount of paperwork that arrives from ..read more

While we have heard and read of all the changes with the implementation of the CARD Act, there are still millions of people that may not know how they will personally be affected. If you are one, fear not; there is information available that can help you get a complete understanding of the new law and your plastic.

 

Bankrate.com has recently released their 2010 Credit Card Guide to help current and future cardholders gain valuable information when it comes to their ..read more

Credit.com's John Ulzheimer appeared on FOX Business to discuss whether or not the new CARD Act laws will benefit consumers. Interestingly enough, the new laws may actually hurt more than they help.  Watch the clip:

Watch the latest business video at video.foxbusiness.com

To read more about John's thoughts on the CARD Act, visit our news center to read his latest article: The New Credit Card Law: A Good Idea, But Consumers Still Lose

John Ulzheimer – Credit scoring and credit reporting expert and ..read more