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Credit Card Debt (
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by Bill Hardekopf, CEO of LowCards.com The initial provisions of the Credit CARD Act have just gone into effect, giving consumers more notice on interest rate hikes, more time to receive their bills and the ability to say no to APR increases. The more...
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by Bill Hardekopf, CEO of LowCards.com Two new studies give a clearer explanation of the effects of the credit card crisis: banks are tightening credit card lending standards at a time when more households are depending on credit cards to get them through...
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by Bill Hardekopf, CEO of LowCards.com A look at the default statistics released by credit card issuers helps explain why consumers are seeing interest rate hikes and decreases in their credit limits. Bank of America, the largest bank in the country,...
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Recently, I contacted my credit card company to ask them to lower my interest rate. My rate was 9.875%, and when I got my statement, I noticed it was raised to 12.875%. I was told that they sent a letter notifying me that the interest rate was being raised...
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