credit card management article archive at creditcards - Home Loans

Lots of borrowers run into trouble when applying for credit cards, for example, or when looking for consolidation loans that will give them the cash needed to finally pay off their plastic. Interest rates on credit cards are at an all time high, especially when compared to overall rates. But if a cardholder misses a payment then stiffer punitive rates take effect, and combined with fees and penalties that can make it nearly impossible to pay off…

… Richard Cordray Michael Houghton/The New York Times/Redux Richard Cordray, right, is the former attorney general of Ohio, and is President Barack Obama’s nominee to lead the new Consumer Financial Protection Bureau, passing over Elizabeth Warren, the Harvard law professor who was the driving force behind the agency’s c…

TORONTO, ONTARIO–(Marketwire – Aug. 30, 2011) – Do you have bad financial habits? Do you rely on a line of credit or bank loans because the interest rate is lower than your credit card? A recent Globe and Mail article indicated the current debt load Canadians are carrying is just over $25K. The article also suggests that Canadians have increased their debt loads by $1000 or 4.5% over the last year, but the average level of …

Nicholas Financial (NICK) ($9.74 on Oct. 17, 2011) is in the business of making subprime auto loans. Owner-operator Peter Vosotas has run the company for over two decades by conservative underwriting and reserving. Since 2001, the company has not only grown its loan book organically at a CAGR of 12.6%, but also stayed very profitable through the entire period; for the entire period, ROAE stayed above 10% with the exception of 2008 when ROAE d…

ntitled to free annual credit reports, not their actual scores.CFPB Report“The law will affect credit-related transactions that occur tens of thousands of times every day,” said John Ulzheimer, president of consumer education at Costa Mesa, California-based SmartCredit.com, which offers consumers credit scores, monitoring and identity protection. It’s “something consumers have wanted and have not had the ability to execute for near 50 years now s…

In an attempt to educate students about money management, the student Financial Wellness Peer Educators held a presentation Thursday on “Staying On Good Terms: Managing Credit and Debit.” The event was part of a three-week series of presentations on Thursdays at 5:30 to 6:30 p.m. at the University’s Wellness Center in Activities and Recreation Center. The purpose of this program is to help students manage money more effectively, with a …

rder to have collateral for the investment loaned. Usually credit cards become designed for individuals with lower credit ratings with this method. It functions like this; the person wanting a charge card opens a free account at a stated bank and deposits up to $500 into the account. Then, minus a fee for the card, the financial institution issues a credit card having a credit limit matching the deposit made. The card will then be used just like …

ng their enthusiasm for BRIC bank stocks. Brazil’s financial shares have fallen more this year than counterparts in crisis-stricken Europe as consumer defaults rose to a 12-month high in June. Bank stocks in China are trading at their lowest valuations since February 2009. In India the cost of insuring banks against default has climbed to a 12-month high. “People are beginning to smell the credit cycle turning,” says Michael Shaoul, chairman of M…