Dubbed “pay as you go” or “stored value” cards, prepaid credit cards are proving to be the ultimate alternative to conventional credit cards. Accounting for more than $100 billion of purchases a year, this secured credit card which operates as a reverse bank account is forecast to post transactions totaling more than $250 billion by […]

Credit cards facilitate the lives of millions of Americans by ensuring the attainment of emergency funds, the affordability of large expenditures, the payment of purchases overseas, and the booking of reservations, among other things. For fiscally-responsible consumers, credit cards are a formidable, convenient tool enabling them to achieve a multitude of money management objectives. Before […]

In a dramatic devolving paradigm shift over the last five decades, Americans have come to accept excessive debt as part and parcel of daily life. Unfortunately, the credit card has become a tool to subsidize the American lifestyle, ‘living beyond your means.’ Since there are no longer any societal and cultural stigmas attached to possessing […]

The American people are drowning in credit debt, possessing a record $957.2 billion in credit card debt at the end of 2007, according to the Federal Reserve. Consumer debt of $11,000 to $12,000 an average household is unheard of. The scary part of the statistic is that the figures are diluted by households that don’t […]

Credit card debt and credit card use has been on the rise in recent years. After so many years, consumers are still at a disadvantage when dealing with card companies, mainly due to laws favoring the companies. Most consumers aren’t aware of their rights, as well as the tricks to deal with the creditors. Discover […]

The credit card is an omnipresent financial tool used to support mass consumerism. Consumers in good times or bad use credit cards to make purchases. In the current economy, Americans are placing more purchases on their credit and debit cards which could lead to a steep price to pay in the future. More and more […]

Credit card debt has been growing in the nation by leaps and bounds. Over the years consumer credit debt has been growing at record levels to reach into the billions of dollars. The average household credit debt is approximately $9,000, and is still growing. Unlike in the past, credit card companies have been charging excessive […]

One of the most difficult obstacles to financial success is having solid financial structure. Americans have to manage various financial fronts such as, student loans, credit card debt, outstanding loans, and other personal finances. By maintaining strict financial discipline and strong personal financial management techniques, you can start on your path to financial independence. Here […]

Credit card debt has been rising since the 1980s, reaching epic proportions today. According to the Fed, the 2007 average household credit debt was $8,500. The Center for Media Research reports that the average consumer has a total of 13 credit obligations on record at a credit bureau. The government reported in 2006 that the […]

It looks as if credit card companies are under the scanner of the Democratic led Senate. Credit card issuers of late have been under the microscope of not only the Congress but consumer groups as well. The card companies have been under scrutiny by the lawmakers for making sudden changes in interest rates in many […]