Is plastic growing rapidly out of control. Here is what you need to know. U.S. credit card debt has jumped nearly 20% in the first quarter of 2021, according to a report from TransUnion. This increase in credit card debt marks the highest quarterly growth rate since 2014. TransUnion attributes this surge to the rebounding …
Have trouble getting approved for a credit card? Do you have bad credit? Maybe a debit card is an answer. But, not to spoil the surprise, it’s not. So, I’m going to help you to understand why a debit card is a much less form of payment, provides less protection from scams, and does nothing …
Q: What happens if you don’t file bankruptcy but still have credit card debt or loans at the bank? A: You owe them. Q: A collection agency sent my debt to a lawyer with a court date do I have to acknowledge it? A: No, but you will then lose by default. Q: Do I …
If you’re like the 40% of credit card holders the American Bankers Association refers to as “revolvers,” you probably carry at least some debt from month to month. And if you’re a typical American, according to Experian, you have an average balance of $5,897 , with an additional $2,044 on a couple of retail credit …
Actual Consumer Complaints About Closed American Express Cards The information below is from actual consumer complaints reported to the Consumer Financial Protection Bureau (CFPB). The list is the last 107 complaints listed by the CFPB as of the date of my post, American Express is One Day Away From Cancelling Your AmEx Card. The data …
People are getting a little pissed off that their American Express cards are getting canceled without notice. It is a shocker to be a proud card-carrying AmEx customer only to get the mail one day and find out your card is now closed. “They can’t do that to me. I’ve been a loyal customer for …
So What is Credit Card Churning? Credit card churning is the process of taking advantage of credit card points, perks, and rewards in a structured, organized, and clever way to benefit you. These rewards might be for: cashback hotel stays airline tickets use of certain facilities like airport lounges preferred boarding access to special deals …
Paying tuition with a credit card may seem like a fast tack to earning points, miles and sign-up bonuses. Plus, plenty of people are doing it — in 2018, almost 21% of tuition dollars were paid electronically with credit cards, according to a 2019 report by the National Association of College and University Business Officers. …
Frequent flyer Nancy Mina built up over 800,000 airline miles from years of jetting around the globe. As the coronavirus pandemic hit the U.S. and the world hard, she realized the miles sitting in her account could do a lot of good. Mina, who lives in Sarasota, Fla., and works in commercial real estate, was …
Financial issues happen to the best of us. Even if you’ve never missed a credit card payment before, you might fall behind if you lose your job, get sick or have a big expense pop up. A few missed payments can quickly bring headaches when the late fees and higher interest rates kick in. Good …
