The new credit card laws are having some unexpected consequences for credit card holders.
While many analysts expected credit card companies to cut back on perks for customers, CNN Money is reporting that in many cases banks are aggressively increasing their paybacks.
The perks are popping up by as much as 25 percent for reward points and [...]
Bank of America is the first major bank to end the practice of overdraft fees on debit cards.
The New York Times has the report, calling the development the end of “$40 cup of coffee.”
Before the recent credit card reform, overdraft protection was a “service” offered by most banks. Customers were often automatically given the service, [...]
As the economy remains tight, CNN takes a look at what may be a growing problem for many families: Hidden debt.
When times get tough, many people are inclined to cover up what they hope will only be short-term debts.But not being open about your debt relief needs may compound the problems.
CNN highlights the strain this [...]
In an new interview with the Associate Press, the CEO of FICO, one of the major credit reporting and credit scoring agency, said that credit cards are becoming more important to Americans than ever before.
Using internal data, FICO is a growing trend that Americans are paying off their credit card debt before paying off other [...]
Today is Credit Card Act Day, the day when the long-awaited and much discussed changes to your credit card bills kick in.
Signed last May, with some parts slowly taking effect over the last few months, the full force of this law kicks in today.
Credit card companies began adjusting to the laws last fall, but you [...]
With the new credit card laws just weeks away, you may have noticed some changes in you recent credit card statements.
The big credit card companies have been testing new offers and making adjustments to terms as they try to find new ways to make money under the new laws. The most commonly affected areas: Interest [...]
A popular source of debt pain is experiencing some of their own.
According to a report from the Financial Times, major credit card issuers Citigroup and other is having difficulty selling their unwanted assets in an attempt to improve their balance sheets. Other companies are also trying to get in on the act.
Among the troubled assets [...]
Tough economic times have forced families across the country to make tough choices. When the bills come due, which do you pay first?
Reuters reports on a new survey that shows Americans are shifting their priorities when deciding which debt to pay off first.
More Americans are choosing to pay off their credit card bills before their [...]
February is finally here, and this could be a big month in the world of credit cards. With the bulk of the Credit Card Act provisions officially kicking in later this month, there will be lots of press about what these new laws mean for the future of credit.
One thing is certain: The new laws [...]
West Virginia is cracking down on some companies offering big debt relief, but few results.
The state’s attorney general launched a probe of several debt settlement companies contacting residents.
Debt settlement or debt negotiation are often used by people with serious credit card debt who can’t make bankruptcy work. For example, if you already filed Chapter 7 [...]
PAID ATTORNEY ADVERTISEMENT: This Web site is a group advertisement. It is not a lawyer referral service or prepaid legal services plan. Chapter7.com is not a law firm. The sole basis for the inclusion of the participating lawyers or law firms is the payment of a fee for exclusive geographical advertising rights. Chapter7.com does not endorse or recommend any lawyer or law firm who participates in the network. It does not make any representation and has not made any judgment as to the qualifications, expertise or credentials of any participating lawyer. The information contained herein is not legal advice. Any information you submit to Chapter7.com may not be protected by attorney-client privilege. All photos are of models and do not depict clients. All case evaluations are performed by participating attorneys. An attorney responsible for the content of this Site is Kevin W. Chern, Esq., licensed in Illinois with offices at 25 East Washington, Suite 510, Chicago, Illinois 60602. To see the attorney in your area who is responsible for this advertisement, please click here.
If you live in Alabama, Florida, Missouri, New York or Wyoming, please click here for additional information.
By an Act of Congress and the President of the United States, we are a federal Debt Relief Agency. Attorneys and/or law firms promoted through this Web site are also federally designated Debt Relief Agencies. They help people file for relief under the U.S. Bankruptcy Code. Disclosures Required Under the U.S. Bankruptcy Code.