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Credit Card Debt

"Start Over, Finish Rich", David Bach's 10 Steps For Getting Out Of Debt

David Bach | Posted 12.23.2009 | Books

Read More: Economic Recession, David Bach, Emergency Savings, Savings, Getting Out of Debt, Economic Crisis, Start Over Finish Rich, Recession, New Books, Books, Economy, Financial Crisis, Credit Card Debt, Finish Rich, Start Rich, Automatic Millionaire, Books News
David Bach

If you are one of the estimated 50 million Americans who are drowning in credit card debt, know that while it may not be easy you can get out of debt.

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Banks Now Charging A Lot More For Credit Card Rewards

AP | CANDICE CHOI | Posted 12.15.2009 | Business

Read More: Credit-Card-Reward-Plans, Banks, Credit Card Debt, Credit Cards, Credit Card Industry, Business News

NEW YORK — It's no surprise that banks are pushing rewards cards given their popularity with consumers. The catch is that the cards being offere...

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Federal Reserve-Sponsored Commercials Coming To Movie Theaters

deadline.com | Nikki Finke | Posted 12.02.2009 | Business

Read More: Federal Reserve, Movie Theaters, Credit Card Debt, Credit Cards, Credit Card Fees, Business News

The Federal Reserve announced it is sponsoring 45-second advertisements in movie theaters with tips to help shoppers avoid unnecessary credit card cha...

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Credit Card Delinquencies Hit Five-Month High In October

AP | Posted 12.02.2009 | Business

Read More: Fitch Ratings, Credit Cards, Credit Card Debt, Unemployment, Credit Card Companies, Business News

NEW YORK — Struggling credit card holders fell behind on their payments in October at the highest rate in five months, according to Fitch Rating...

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Credit Card Delinquencies Fell In Third Quarter

AP | EILEEN AJ CONNELLY | Posted 11.23.2009 | Business

Read More: Credit Crisis, Credit Card Debt, Credit Cards, Consumer Spending, Business News

NEW YORK — Consumers got more serious about paying down their credit card debt this summer, a time when deliquencies usually go up. Cardholders...

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Citigroup Credit Cardholders Will See Rates Jump -- Unless They Spend

AP | CANDICE CHOI | Posted 11.20.2009 | Business

Read More: Vikram Pandit, Consumer Debt, Citibank Rate Hike, Citibank, Credit Card Debt, Credit Cards, Citigroup, Business News

NEW YORK — For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way: Meet a monthly spending requi...

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An End to the Credit Card Madness

Jose A. Garcia | Posted 11.02.2009 | Business

Read More: Senator Chris Dodd, Consumer Debt, Credit Card Debt, Credit Cards, Recession, House Financial Services Committee, Business News
Jose A. Garcia

Since the passage of the Credit CARD Act of 2009, credit card companies have been jacking up interest rates in anticipation of February 22, 2010, when the law goes into full effect.

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Credit Card Companies Are Sending Out Early Holiday Gifts

Eva Norlyk Smith, Ph.D. | Posted 10.20.2009 | Business

Read More: Credit Card Reform, Credit Cardholders Bill of Rights, Credit Card Bill, Credit Card Companies, Credit Card Rates, Credit Cards, Credit Card Debt, Citigroup, Credit Card Fees, Business News
Eva Norlyk Smith, Ph.D.

While Congress is calling on credit card companies to stop hiking interest rates before the new Credit CARD act goes into effect, Citigroup just sent me a letter with a monstrous interest rate hike.

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New Credit Card Fees: Paying Off Your Balance Will Now Cost You

usatoday.com | Sandra Block | Posted 10.20.2009 | Business

Read More: Bank of America, Credit Card, Credit Card Debt, Credit Card Fees, Citigroup, Business News

Starting next year, Bank of America will charge a small number of customers an annual fee, ranging from $29 to $99. The bank has characterized the fee...

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The Credit Card Act of 2009: Five Ways It Will Affect You

Manisha Thakor | Posted 10.19.2009 | Business

Read More: Budgeting, Debt, Saving, Personal Finance, College Student Credit Cards, Credit Cards, Credit Card Debt, Business News
Manisha Thakor

Thanks to the Credit Card Act of 2009, relief from credit card debt is on its way. Come February 22, 2010 there will be new consumer protections put in place. This legislation has something for everyone.

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Divorce, American Style And Your Credit

Jeanne Kelly | Posted 10.07.2009 | Living

Read More: Credit, Divorce, Fica, Credit Scores, Credit Score, Credit Cards, Credit Card Debt, Marriage, FICA Score, Living News
Jeanne Kelly

As a single mom with a 15 year old I'm going to tell you a little story of how my life almost went down the toilet, and how you can prevent what happened to me from happening to you too.

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Why We Need Robust Consumer Financial Protection

Hilary O. Shelton | Posted 11.30.2009 | Business

Read More: Economy, Consumer Financial Protection Agency, Barney Frank, Consumer Protection Agency, Hilary Shelton, Credit Card Debt, Credit Cards, Consumer Protection, Credit Card Industry, Naacp, House Financial Services Committee, Business News
Hilary O. Shelton

Our current system of consumer protection fails to protect Americans from basic exploitation and abuses that can cost individuals and families hundreds of thousands of dollars, and even their homes.

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Credit Card Nightmare: One Lost Check And A Lifetime of Bankruptcy

Posted 11.23.2009 | Business

Read More: JP Morgan Chase, Credit Debt, Bankruptcy, Bearing Witness 2.0, Credit Card Debt, Bearing Witness, Freedom Financial, Recession, Business News

This story is part of Bearing Witness 2.0. HuffPost has received hundreds of emails from people making tremendous sacrifices in order to weather ...

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Credit Scores: FICO Formulas Are Being Changed By Lenders

usatoday.com | Kathy Chu and Sandra Block | Posted 11.22.2009 | Business

Read More: Credit Cards, Experian, Fico, Fico Formulas, Consumers, Credit Crisis, Transunion, Credit Card Debt, New Credit Scores, Credit Scores, Business News

Long after the economy recovers, millions of Americans will be left with a grim legacy of the recession: damaged credit scores, the three-digit rating...

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Hair Baby, Hair Mama

Meredith Lopez | Posted 11.16.2009 | Living

Read More: Paying Bills, Economic Crisis, Brooklyn, Household Finances, Economy, Hair Coloring, Employment, Parenting, Credit Card Debt, Hair, Living News
Meredith Lopez

Everyone loves my cool, funky new mom-'do. I love it, too. Which is unfortunate, as Husband and I have taken a look at our current financial situation and it seems I have to go back to work full time.

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Stop Being a Leech

Richard Zombeck | Posted 11.15.2009 | Business

Read More: Bank of America, Banks, Ann Minch, Credit Card Debt, Bailout, Business News
Richard Zombeck

Not paying your debt and letting your credit score tank seems un-American, but what these banks are doing is completely un-American.

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How To Live On $0 A Day: The Pros And Pros Of Declaring Bankruptcy

Lesley Stern | Posted 10.19.2009 | Comedy

Read More: Chapter 11, Depression, Lawyers, Larry King, Bankruptcy, Humor, Satire, Economy, Donald Trump, Economic Crisis, Financial Meltdown, Credit Card Debt, Recession, Comedy, Financial Advice, Comedy News
Lesley Stern

It's time to get over the stigma. Bankruptcy is awesome. Once you know the specifics, you'll wish you did it sooner. I know I do.

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Credit Card Reform Won't Pay Down Consumer Debt

Jill Schlesinger | Posted 09.20.2009 | Business

Read More: Credit Card Reform, Consumer Debt, Credit Card Debt, Credit Cards, Credit Card Industry, Business News
Jill Schlesinger

Credit card reform was needed, but it's not likely to help Americans kick their credit card habit just yet.

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Credit Card Debt Rises Faster For Those 65 And Older

USA Today | Posted 08.27.2009 | Business

Read More: Elderly Americans Debt, Credit Card Reform, Credit Card Delinquency, Credit Card Debt, Business News

Cash-strapped older Americans are racking up credit card debt faster than other consumers amid dwindling retirement portfolios and rising medical cost...

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10 Percent Is Enough

Deepak Bhargava | Posted 08.22.2009 | Business

Read More: Interest Rates, Banks, Debt, Credit Crisis, Credit Card Debt, Credit Cards, Wall Street, Business News
Deepak Bhargava

The "Do Nothing Coalition" has turned its back on the citizens it's supposed to represent.

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Why Visiting Pompeii Has Me Thinking About the Smoke Billowing Out of Our Economic Mt. Vesuvius

Arianna Huffington | Posted 08.20.2009 | Business

Read More: Foreclosures, Job Losses, Wall Street Bailout, Bankruptcy, Pecora Commission, Aig, Neil Barofsky, Credit Card Debt, Goldman Sachs, Unemployment, Bailout, Pompeii, Financial Crisis, Economic Recovery, Wall Street, Health Care, Credit Card Industry, Business News
Arianna Huffington

Before Pompeii was wiped out by a volcanic eruption in 79 A.D., there were warning signs galore. But they were ignored. There is currently plenty of alarming smoke pouring out of our economic Vesuvius. It too is being ignored. READ MORE States Forced to Cut Services to the Bone: The Opportunity Cost of the Bank Bailout Reading about the huge budget cuts almost every state in the country is being forced to make leaves us pondering the opportunity cost of the bank bailout -- what else we could have done with the trillions we spent. The devastation is in the details... READ MORE TiVo Alert: I will be part of Sunday's roundtable panel on This Week with George Stephanopoulos, along with Paul Krugman, George Will, Donna Brazile, and David Brooks. The show airs at different times around the country, so check your local listings.

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7 Ways Credit Cards Can Rob You Blind

minyanville.com | Scott Reeves | Posted 08.07.2009 | Business

Read More: Credit Card Reform, Credit Card Rates, Mastercard, Visa, American Express, Bank of America, Credit Card, Credit Card Debt, Business News

It's difficult to rent a car or buy a plane ticket without a major credit card like Visa (V), MasterCard (MA), or American Express (AXP)....

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Arthur Delaney

Credit Card Issuers Getting In Their Licks Ahead Of Reform

HuffingtonPost.com | Arthur Delaney | Posted 08.01.2009 | Business

Read More: Credit Card Debt, Credit Cards, Credit Card Reform, JPMorgan Chase, Chase, Interest Rates, Credit Card Issuers, Business News

As lawmakers worked out credit card reform legislation earlier this year, card issuers argued that tough restrictions would make credit costlier for c...

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Protecting Students From Credit Card Debt

Beth Kobliner | Posted 07.31.2009 | Business

Read More: Credit Crisis, Credit Card Debt, Credit Cards, Student Debt, Student Loans, Financial Literacy, Business News
Beth Kobliner

Today, the culture of debt our children have inherited, and embraced, should be regarded as a national crisis and reacted to accordingly. To this generation, debt is far from a dirty word.

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Time to Forgive, Forget, and Find a Little Jubilee

Randall Amster | Posted 07.26.2009 | Business

Read More: Debt, Jubilee Act, Bailout, Credit Card Debt, Forgiveness, Student Loans, Stimulus, Jubilee, Prisoners, Prisons, Decriminalization, Third World Debt, Business News
Randall Amster

Money is the means to everything from food to sex, so it's no surprise what people are willing to do to obtain it, from criminal activities to simply ignoring the rising tide.

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