Category:
Credit Cards

New Rules for Prepaid Cards: CFPB Calls For Transparency

By Joey Johnston | November 2, 2016

The soaring popularity of prepaid cards will be put to the test over the next year as providers adjust to new regulations handed down by the Consumer Financial Protection Bureau…

Six Credit Card Myths Debunked

By Joey Johnston | October 24, 2016

Ric Edelman, a financial adviser who is a best-selling author and syndicated radio show host, remembers the days when everyone rushed to the bank on a Friday afternoon to cash…

Millennials Reject Credit Cards and Credit Card Debt

By George Morris | August 30, 2016

If you want to break up the loud party that your neighbor’s millennial kid is throwing in his basement bedroom, don’t call the cops. Just barge over and pass out…

How To Reduce Credit Card Interest Rates

By Tom Jackson | August 18, 2016

How to Reduce Credit Card Interest Credit cards have some great perks (who doesn’t love cash back?), but pesky high interest rates can cancel out those benefits. High interest rates…

Debt Snowball vs. Debt Wrecking Ball

By George Morris | May 10, 2016

Dave Ramsey has made the term “Debt Snowball” famous, but if you’re buried under an avalanche of debt, is his remedy more like a debt snow job? Ramsey disciples would…

How Much Credit Card Debt Is Too Much?

By George Morris | November 3, 2015

Using credit cards to cover expenses is a fact of life for many people. Credit cards are convenient and easy to use, but thanks to ultra-high interest rates, they’re even…

Credit Card

By George Morris | November 3, 2015

How To Manage Credit Card Debt Managing credit card debt can be difficult and complicated. Before coming up with a debt relief strategy that works for you, you should learn…

Alternative Debt Solutions: Getting Out of Debt

By Alan Schmadtke | October 29, 2015

If your monthly debt payments outside of mortgage or rent exceed 20% of your income, you have a debt problem that requires attention. The good news is you have options.…

Just Say No To Credit Card Convenience Checks

By George Morris | October 29, 2015

Mark Boileau of Dallas recently bought a new Toyota Prius with the help of a “convenience check” issued by his credit card company. But his experience turned out to be…

How To Manage Multiple Credit Cards

By Phil Sheridan | October 29, 2015

With online banking available at the click of a button, it’s become easier than ever to manage credit cards, even if you have multiple accounts. When you use credit card…

Sources:

  1. NA, (2016, October 25)CFPB Monthly Complaint Snapshot Spotlights Prepaid Product Complaints. Retrieved from http://www.consumerfinance.gov/about-us/newsroom/cfpb-monthly-complaint-snapshot-spotlights-prepaid-product-complaints/
  2. NA, (2016, October 50 CFPB Finalizes Strong Federal Protections for Prepaid Account Consumers. Retrieved from http://www.consumerfinance.gov/about-us/newsroom/cfpb-finalizes-strong-federal-protections-prepaid-account-consumers/
  3. Marte, J. (2016, October 5) Prepaid card users are finally getting some of the same protections as credit card users. Retrieved from https://www.washingtonpost.com/news/get-there/wp/2016/10/05/new-rules-could-make-prepaid-cards-more-similar-to-credit-cards/
  4. Cowley, S. (2016, October 5) Prepaid Debit Cards Users Will Get New Federal Protections. Retrieved from http://www.nytimes.com/2016/10/05/business/prepaid-debit-cards-users-will-get-new-federal-protections.html