Tag Archives: interest

A Little Difference With Compound Interest

Sometimes the difference between success and failure is very small. Occasionally you’ll see a race (NASCAR, horse or foot) that will be decided by just an inch or two. Such a tiny amount determines winners and losers. What’s also striking is how much difference that can make in the future. Our stock car winner will [...]

100% Credit Card Interest Rates Charged in Mexico

Just when you thought the banks in the United States were really sticking it to consumers, least we forget what is happening in Mexico. I previously wrote about Wal-Mart de Mexico Plans 100,000 Credit Cards by Year-End — With Interest Rates of 59% to 75% Well apparently Mexico is now starting to draw some lines [...]

Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas

Yesterday I wrote about a little old hardware store that had noticed an increase in card purchases over cash. That’s not a good sign if people are using plastic more for routine things and especially in this environment of credit card issuers reducing credit limits, raising interest rates and closing cards. You see, the credit [...]

Credit crisis hits even people not late on bills

Credit crisis hits even the diligent The Tennessean, TN - 1 hour ago He said Bank of America told him it was increasing the interest rate on one of his cards because he had too much credit card debt . …