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Consumers once were hard pressed to get credit in the wake of a bankruptcy. Times have changed: After bankruptcy, credit card offers now flood mailboxes. |
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Most responsible consumers who go through bankruptcy hope to borrow money again at reasonable rates. It can be done. Here's how. |
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Getting laid off from a job can leave you in a tough financial situation pretty quick. But even when times are tough, it is very important to make sure you don't end up with bad credit. |
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There are some financial mistakes that most consumers are probably already aware can damage their credit ratings. Then there are the less-obvious events that can cause credit scores to take a nose dive. Divorce falls into this second category. |
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Comparing credit card options may seem like a difficult exercise for those with bad credit or less than perfect credit. It seems like all the major Visa and MasterCard issuers along with Discover Card and American Express prefer to only cater to those with good credit. While the major banks and credit card companies definitely feel comfortable dealing with those with the best credit many offer credit alternatives to those with less credit history or less than perfect credit. |
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Earlier today, Citigroup reported a fourth-quarter net loss of $9.83 billion on subprime-related writedowns and a spike in U.S. consumer credit costs. |
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In "Mission Impossible," "Minority Report," James Bond movies and even "The Terminator," eyes, fingers and voices are scanned to identify people and give access to secure places and objects. This futuristic type of identification technology, called biometrics, has been featured in movies for decades. Now it is a reality, and it may be the way of the future when it comes to credit cards. |
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American Express sounded a serious warning for the payment card industry yesterday, acknowledging that its cardholders both reduced their spending and were less able to pay their credit card bills in the final month of 2007. |
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It looks like the subprime mortgage debacle has begun to spill over to credit cards, with issuer Capital One slashing its earnings outlook amid rising credit card delinquencies. |
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Consumers relied heavily on credit cards to drive their spending in the run-up to the holiday season, according to recently published consumer credit statistics from the Federal Reserve. |
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