23 Sep
Posted by Danielle Cook as Credit Cards Articles
With many colleges and universities back in session after the summer months, students have a lot to deal with — which classes to take, with whom to make friends and where to live.
But, as the New York Daily News reports, they must also consider which credit card to get. Many college students get overwhelmed by debt, especially if they’re unable to find work. While a credit card can come in handy in tight spots, many students get through years of higher education not only with big student loan bills, but also mounds of credit card debt.
And this credit card debt can lead to a Chicago bankruptcy filing if students aren’t careful to avoid the pitfalls of credit cards, such as their short-term low interest rates that balloon over time as well as hidden fees that can make a purchase much more expensive that the sticker price.
Bankruptcy in Chicago can help students who get out of school drowning in debt. After spending four years barely getting by financially, finally earning a degree is quite an accomplishment. But then having creditors hounding for payments and making life miserable all while trying to build a career can negatively impact quality of life.
21 Sep
Posted by Jacob Stewart as Credit Cards News
Consumer Focus has sent a massive complaint about travel money to the Office of Fair Trading (OFT) regarding the cost of obtaining foreign currency and overseas use of credit and debit cards.
The official customer body Consumer Focus recently denounced the hidden fees banks charge to Brits abroad. Now it has gone a step forward and has called on the OFT to investigate.
Once the OFT receives the formal complaint, it will consider the issues written in it to establish whether or not these are significantly harming the interests of consumers.
The OFT has 90 days to consider a super-complaint and will publish its reasoned response no later than 20th December. During that time, it will invite interested parties to provide any information which they consider may be useful to its assessment.
Super complaint
Consumer Focus denounced that up to £1bn is ripped-off from British bank accounts every time customers use their card when they are abroad. I
27 Aug
Posted by Dustin Ramirez as Credit Cards Guide
Do you have a question about consumer credit? You may find an immediate answer by using the search engine. If you can’t find what you’re looking for, please fill out the form, being as specific as possible.
Please note: The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future column.
I pulled a credit report because of a declined application. Does that restart the clock for the annual report, or are they separate events?
There are two federal laws that provide free credit reports. The free annual report is provided by the Fair and Accurate Credit Transactions Act (FACT Act) of 2004 which is an amendment to the Fair Credit Reporting Act (FCRA).
The FCRA was enacted in the early 1970s and provides for a number of other free reports. Since its inception it has allowed consumers to get free reports if they:
Can you help me find someone? I’m not sure what his or her name is, but I have a very clear description of this person
You see, a good friend of mine was the mastermind behind the company 1-800-GOT-JUNK. I’m sure you have seen their trucks driving around. Brian Scudamore is such a great guy, awesome entrepreneur, and a man I look up to.
Over the past year, he has been on a search for someone to run his company… not just any person, the right person. Since I know that many of you are seasoned businessmen and woman, I thought I would send this to you. If this was a fit, it would be a game changed for both of you.
If you or someone you know is looking for an exciting new position, working with an awesome guy, and fast growing company this might be your ticket.
Brian is looking for someone who fits this description:
“I am a high energy, results driven leader. People on my team know we play to win. When the goal is clear, I don’t let anything get in our way. I work hard to ensure my team is composed of top talent and that their teams each have the right people, in the right seats. I develop
How much do the Bush tax cuts and the alternative minimum tax patch widen the deficit? Take a look at the lightest blue bars below:
That chart comes from the Congressional Budget Offices latest report, released Wednesday, on the budget and the economic outlook.
The office is legally required to provide estimates for the budget under current law; this is known as the forecast baseline. Every year, though, Congress reliably makes changes to current law changes that increase the deficit just in the nick of time. This bar chart is intended to illustrate exactly how big those last-minute changes are, lest onlookers be tempted to ignore them.
The lightest blue bars, labeled Extend Tax Policies, represent an estimate of how the deficit will grow if Congress extends the Bush tax cuts and indexes the alternative minimum tax for inflation, as legislators are expected to do once again. As you can see, these moves alone more than double the size of the deficit for most of the years shown.
Just above this are much darker blue bars, labeled “Maintain Medicare’s Payment Rates for Physicians.” These represent the expectation that Congress will continue to nullify their own requirements to cut Medicare payments for doctors. The l