Credit cards
Credit cards are sometimes a good alternative to a payday loan.
Changes in the credit card industry hit consumers hard. Payday loans may indeed be the more viable option for cash-conscious consumers. (Photo: flickr.com)

Payday Loans Becoming a Viable Option to Credit Limits

Consumers and Payday Loans Payday loans are proving themselves to be lifesavers in today’s economy.  Traditional lenders are closing doors quickly to extending credit and it’s leaving Americans in a panic.  Bills are being left until last minute, expenses are being cut drastically and families are downsizing to handle the strain.  Normally credit card companies
Two women discussing credit card debt relief.

Efficient tips for reaching credit card debt relief

There are many efficient tips for reaching credit card debt relief. However, if you find yourself struggling under the grips of debt, you may sometimes feel as if there is no way out of your situation. Nevertheless, there are many different techniques you can use to overcome the debt that you have acquired throughout your

Last round of new credit card rules limit late payment fees

The final package of new credit card rules went into effect Sunday. The latest rules limit late payment fees and other penalties. This completes a major overhaul of the credit card industry that was set into motion by the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009. One of the newest federal laws

Student loan debt exceeds credit card debt as college costs rise

Americans now owe more for their student loans than their credit card debt. While people are paying down their credit card balances in the aftermath of the financial crisis, college costs continue to rise. Some analysts say less consumer protection for student loans than other types of borrowing is a reason for the trend. Others
That's a monster of an APR you've got there, First Premier Bank. Give me a payday loan instead!

80 Percent APR Credit Card Terrorizes Consumers

First Premier Bank Skirts Credit Card Law with Subprime Credit Card Back in June of 2009, Deborah Weiss of Personal Money Store reported about how the new credit card laws could backfire on hard-working Americans. It’s unlikely that President Obama or most members of Congress could have predicted then just how much of an end-around
American Express

American express to issue a new prepaid debit card

American Express will start issuing a new prepaid debit card June 21. The company, previously known for aiming at higher-end, luxury buyers, is staking new ground by targeting the average consumer. Other card-issuers are expected to follow suit. Building on the PASS card Lat year, American Express introduced the PASS prepaid card, designed to help
Visa card

Rush Card | Pros and cons of prepaid cards

Rush Card is one of the many pre-paid credit card options available. The Rushcard service, like most prepaid cards, has features that can make it very useful, especially for people who cannot get regular loans or do not want a regular credit card. However, before you make a decision about getting a Rush Card, it
Credit Cards

Small businesses relying more on credit cards

Contrary to popular belief, there is still credit for small businesses to obtain. Unfortunately, the credit they can obtain isn’t in the form of a business loan from a bank or the Small Business Administration as much anymore.  These days, more small businesses are having to rely on credit cards.  A lot of funding that
Credit card

30 percent interest for late payments at Bank of America

Just because there are new rules for how banks can raise credit card interest rates does not mean banks will not raise them. Bank of America, for instance, has been reported as raising interest rates to 30 percent for missing a single payment. The increased regulation is making some differences, but may not be as
This Federal Reserve/Vanderbilt/Penn study tries to connect payday loans to credit ruin, but what they leave out suggests a rosier alternative. (Photo: flickr.com)

Fed Study Unintentionally Paints Rosier Picture for Payday Loans

Why Use Credit Cards When There Are Payday Loans? Credit cards have proven to be both a useful tool in establishing a credit history and a bane to those consumers who hope to maintain a good credit history. The temptation to “swipe and go” has been actively cultivated by the American media. With the magic