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Imagine buying a pack of cigarettes, only to find that you’ve been charged $23 quadrillion dollars! That’s the shock Josh Muszynski suffered when a billing error left his Visa card woefully over the limit.
Muszynski called Bank of America to try and sort out the error, but they could not explain why he’d been charged so [...]

Source:The $23 Quadrillion Credit Card Bill

Source:Preparing for the Upcoming Credit Card Reform

For months, people have been complaining that their credit limits have been reduced, and wondering what the long term implications of that would be.  Turns out - just as predicted, the FICO scoring model is not quite holding up to the changes in the credit card industry.  As credit limits are reduced by banks (and [...]

Source:FICO Scores Not Holding Up

 
It wasn’t long after credit cards were first introduced in America that the companies realized it wasn’t the people who paid their balances in full each month that would make them the money – it was the people who carried a balance from month to month that would help them become the multi-billion dollar industry [...]

Source:You Won’t Believe What Your Credit Card Company Knows About You!

On YouTube.com there are a number of people and companies with videos to help people get out of debt or straighten out their financial situations.  Most of them are obviously created to promote a particular debt settlement company or information product - but every once in awhile you come across one that is interesting and [...]

Source:Video Demonstration: How to Lower Your Credit Card Interest Rate

 With President Obama’s new Credit Card Bill, there are questions whether it will force consumers to be more responsible with their finances or if it will throw the economy further into the downward spira. The new credit card laws will:
 

place limits on marketing for prospective cardholders under the age of 21.

make it more difficult for [...]

Source:Negative Affects of the New Credit Card Legislation

If you thought credit scores were only used to help lenders decide whether or not they should extend credit – think again! Sure, you may know that there are employers who run a credit check before they hire; and that your car insurance premium is partly based on your credit score… but did you think [...]

Source:Luxury Google Ads for People With Higher Credit Scores

It’s been a well known “secret” that credit card companies analyze cardholder spending and how they make their payments as a method of determining risk. They’ve learned that people who buy certain brands are more likely to pay their bills late or not at all; and what sorts of products paid for with credit will [...]

Source:Your Credit Score May Be Adjusted Based on What You Buy

 American Express has announced a new service that helps families stay within their budget. Now, primary account holders can set spending limits on each additional card on their account. This is especially helpful for parents who give extra cards to their teens and college-age children. Instead of receiving an unpleasant surprise when the [...]

Source:American Express Helps Families Control Spending

By now, you might have heard of the ‘Tennessee Credit Card Massacre’, one man’s attempt to destroy his credit cards in the most satisfying ways possible. In the video, Fred Wilharn of Franklin, TN, dons a familiar hockey mask and disposes of his credit cards by slicing, shredding, blending, drilling, and even electrocuting [...]

Source:The Tennessee Credit Card Massacre