Credit Card Reform May Shock You Your next credit card statement is going to contain an ugly truth: how much that card really costs to use. Now, thanks to a long-awaited law that goes into effect Monday, you’ll know that if you pay the minimum on a $3,000 balance with a 14 percent interest rate, [...]
Continue reading...Wednesday, February 3, 2010
More Borrowers Pay Credit Cards Before Mortgages It’s exactly the opposite of the norm. Usually cash-strapped Americans during tough economic times will miss credit card payments before they’ll miss mortgage payments. Welcome to the new world order. The percentage of borrowers who are delinquent on their mortgages but paying their credit card bills on time is growing, to [...]
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Thursday, March 4, 2010
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