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Among the many of the sections of The Credit Card Accountability Responsibilityand Disclosure Act of 2009 (the CARD Act), one was supposed protect youngadults. A law professor at University of South Carolina, Eboni Nelson, conductedanalysis to determine the effectiveness of the CARD Act, since it becameeffective February 22, 2010. He analyzed data from the financial […]

The National Retail Federation (NRF), the largest retail trade association,recently commission a survey to gauge consumer behavior and shopping trendsas it relates to their tax returns. This survey was conducted from February 1 to 8,2012 and polled 8,716 consumers. Compared to previous years, more of us planto save out tax refunds, file earlier, and file

In 2010 the Internal Revenue Service began a project testing the viability of paying taxreturns via prepaid debit cards. The Social Security Administration has had a prepaiddebit card option for years so it was only a matter of time before the U.S Treasurychecked out the option. The question is, is this a good option for

They’ve been called the crack cocaine of the credit card industry, the conveniencecheck. These checks are often included as statement stuffers to your credit card bills but they do come as stand alone mailers as well. These checks are designed to entice credit card customers to either take cash advances or pay off other credit card debt

The question of credit damages is one that expert witnesses struggle with on a dailybasis. And, the question about “does denial equal damage” is simply one of the cornerstone issues that credit experts face when doing expert witness related work.  Does the denial of something as trivial as a credit card account mean you’ve sufferedcredit

One of the realities of the world of consumer credit is that it’s not without humor. Andone of the most misunderstood aspects of credit reporting is what constitutes a latepayment, and what doesn’t. A 30 day late payment has actually been interpreted by some as being 1 to 30 days pastthe due date. That’s an

Nothing bothers me more than to hear people say they “love” their debit cards. It’sasinine to me for people to be connected so emotionally to any financial service orproduct. It sets them up for disappointment and places unrealistic expectations on thefuture behavior of your banking partners. How do I know this? Just look at how

When it comes to managing that little slice of plastic in your pocket, it’s not as simple asjust writing a check every now and then. There are strategic ways to best manage creditcards, and the reward is great credit and little to no fees or interest. Now that we’vepassed the 2011 holiday season, paying off

It’s one of the more obscure FICO scoring myths floating around the Internet. Doeschoosing to opt out of preapproved credit card offers improve your credit scores, or not?And if not, then why not? First things first, what’s “opting out?” Opting out, which can be done for free atwww.optoutprescreen.com, removes your name from any list sold