All Posts Tagged With: "interest rates"

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Credit Card Changes Go Into Effect Today

For years consumers have complained about some underhanded tactics used by credit card companies which make it almost impossible to pay off high debt balances. Prior to the enactment of The Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009, credit card companies operated in a largely unregulated industry. In addition to [...]

February 22nd, 2010 | trisha | Comments | Continued
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Who Will Pay President Obama’s Bank Tax?

There is no mistaking the President’s intentions in proposing the Financial Crisis Responsibility Fee. He has stated “My commitment is to recover every single dime the American people are owed. And my determination to achieve this goal is only heightened when I see reports of massive profits and obscene bonuses at the very firms who [...]

January 14th, 2010 | trisha | Comments | Continued
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Home Sales Are On The Rise

The most recent report from the U.S. Commerce Department shows new home sales have reached the highest point in the past twelve months. This comes after a healthy rise in home sales during the month of October. For the first time since 2005, home sales in October are 5.1 percent higher than home [...]

November 28th, 2009 | trisha | Comments | Continued
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Consumers Choose Cash Over Credit

Starting in February of 2010 credit card companies will no longer be allowed to suddenly increase penalty fees and interest rates and as a result they are taking advantage of what little time is left. Not a good thing for the consumer.
Lawmakers have been sending letters to the credit card companies asking them to freeze [...]

November 13th, 2009 | trisha | Comments | Continued
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Credit Card Companies Hiking Rates Before 2010 Changes

On February 22, 2010, credit card companies will no longer be allowed to suddenly increase interest rates and penalty fees so many companies are taking advantage of the limited time they have left. Lawmakers have been sending letters to credit card companies, asking them to voluntarily freeze their rates until the new changes take affect [...]

October 12th, 2009 | tisha | Comments | Continued
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Clunkers Are Out, Green Is Still In

The “Cash for Clunkers” program may have come to an end but there is still some good news on the horizon for individuals who are looking for a good deal on cars in the near future. It is being reported that lending rates for vehicles may begin to climb higher in coming months, consumers who [...]

August 29th, 2009 | tisha | Comments | Continued