Credit card fraud is a problem that affects one in 10 Americans and costs us all in the long run. Even though, under federal law, you’re only accountable for up to $50 of fraudulent charges, that still means that the credit card companies are on the hook for millions. So, it’s in their interest to [...]
Tags: Card, Credit Card
Posted January 17, 2012 by Hanna Silver under Global Finance
The country’s top 16 credit card underwriters have relaxed their lending standards for the first time in three years, according to the Office of the Comptroller of the Currency’s recently released 17th annual Survey of Credit Underwriting Practices. This year’s survey reported some initial indications of commercial products loosening up for the first time since [...]
Tags: Credit Card, Standards
Posted September 25, 2011 by John Wane under Financial Guru
A recent report from TransUnion revealed that the rate of credit card delinquencies on a national level hit a new record low in the second quarter (Q2) of 2011. In Q2 2011, the delinquency rate – credit card users who are 90 or more days past due – dropped to the lowest level in 17 [...]
Tags: Card, Card Delinquencies, Credit Card, Credit Card Delinquencies
Posted August 26, 2011 by Hanna Silver under Global Finance
With so many different types of credit cards available, it can be easy to get overwhelmed with the choice. Understanding the differences between cards can help you find the perfect match for your circumstances. There are around ten main types of credit cards available and companies are always looking for new types of cards. The [...]
Tags: Card, Credit Card
Posted June 1, 2011 by Hanna Silver under Financial News
As Sony ramps up operations to restore the PlayStation Network and Qriocity services, the tech company insists that there is no sign that customers’ credit card information was stolen. Sony (NYSE: SNE) reaffirms the lack of proof that credit card information of its customers were stolen by hackers who infiltrated the company’s servers, according to [...]
Tags: Card, Credit Card
Posted May 16, 2011 by Admin under Financial News
The average credit card rate for new customers has now reached 18.9 per cent, a 13-year high level, according to a new report by independent comparison company, Moneyfacts. Although the Bank of England base rate has remained at 0.5 per cent for nearly the last two years, credit card rates have continued to rise, with [...]
Tags: Credit Card, High
Posted February 10, 2011 by John Wane under Financial News
American Express has claimed an impressive five out of 11 prizes in this year’s uSwitch Credit Card Customer Satisfaction Awards. The firm, which slipped from top spot last year, has reclaimed its crown with 92 per cent of its customers happy with its overall service. Jose Vazquez-Mendez, VP Customer Service UK, American Express, remarked: “Customer [...]
Tags: American Express, Card, Credit Card
Posted January 27, 2011 by John Wane under Financial News
Did you know that the average American family has an average of $5,219 credit card debt with an average interest of 17-20 percent? Yes, very disturbing indeed considering that the interest rate is usurious in every way possible. And with such a high interest rate, it will be tough to get out of debt and [...]
Tags: Credit Card, Interest Rate, Rate
Posted December 14, 2010 by John Wane under Financial News