You walk into Macy’s for a new outfit. The cashier says, “Wanna save 20% today by signing up for our card?” Sounds like a no-brainer. But what if that one decision quietly added seven years of debt to your life? That’s exactly what’s happening to millions of Americans right now. Retail credit card debt isn’t …
You might think your credit card is just a plastic rectangle with your name on it, but here’s a wild truth most people don’t know: You don’t actually own your credit card. The bank does. And that little piece of plastic? It’s just a permission slip. Let’s peel back the curtain on the credit card …
Nobody dreams of waking up buried under 29% APR and a mountain of shame. But here we are—dreading every credit card statement like it’s a jury summons. Here’s the $16,000 truth (yep, that’s the average U.S. household credit card debt): Credit cards aren’t the problem. It’s how we use them that gets us stuck. So, …
Thinking about getting a Kohl’s Credit Card? Let’s talk. Let’s talk. Not in a boring finance-brochure way—but like a friend giving you the full scoop over coffee, including the “uh-ohs” and “heck yes” moments. Because while that 35% off your first purchase sounds amazing… there’s a whole lot more to consider before you swipe. Quick …
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 …