Credit Card Issuers Are More Open to Debt Management Plans

As a sign of the times an increasing number of credit card issuers have announced that they will be more open to working with debt management plans. There is no doubt that credit card companies have gotten... 

Capitol Hill Moves To Immediately Freeze Interest Rates

It looks as if things are really heating up between Capitol Hill and credit card issuers. Senator Christopher Dodd, chairman of the Banking Committee is now calling for an immediate freeze on interest... 

What to Do If You Suddenly Get Hit With Credit Card Fees

Credit card issuers are hitting back hard against record default rates and credit card reform in the form of higher interest rates and annual fees. Bank of America has announced it will charge some of... 

Consumers Choosing Payday Loans over Credit Cards

Here’s a bizarre twist. Consumers are turning to payday loans more and more as opposed to using credit cards. The recession coupled along with credit card companies tightening of credit and increasing... 

Credit Card Accounts Being Closed Without Warning

Now this is really going to piss people off. It would seem that Citibank is actually closing down credit card accounts with little or no warning given to the cardholder. The bank recently made a statement... 

Citi Credit Cards

Citi cards offer a variety of credit cards for the discerning customer from large corporations, to small businesses and individual consumers. Everyone with a respectable credit history deserves a credit... 

Credit Card Issuers Getting Creative with Their Fees

To make up for lost revenue credit card companies are now becoming ever more creative. Now we are seeing that Bank of America will “experiment” next year by charging a supposedly small number... 

B of A CEO Kenneth Lewis to Forgo Pay in 2009

In our last post we discussed how Bank of America took a huge hit over the past quarter because of record defaults on Bank of America credit cards. We can now confirm that the beleaguered and outgoing... 

Bank of America Posts a $1 Billion Quarterly Loss

Bank of America last year acquired investment banking giant Merrill Lynch & Co., rescuing them from the ash heap of bankruptcy. Surprisingly on Wednesday they were rewarded with an outstanding earnings... 

More Cardholders Falling Behind on Their Payments

Three of the largest credit card companies in the United States JPMorgan Chase, Bank of America and Citigroup reported that more cardholders fell behind on their credit card payments in September signaling...