Articles by Subject

False Alarm: No Credit Card Forgiveness from Uncle Sam

By:
Greg Mischio - MortgageLoan.com | 12/11/2008 - 1:48am

For people drowning in credit card debt, the hope that Uncle Sam's cavalry is coming appears to have been dashed. The Treasury Department nixed any type of a debt settlement program after a roundtable meeting of banks and consumers, leaving many debt-ridden consumers out of luck.

Will Your Credit Card Limits be Cut Back?

By:
Tom Kerr - MortgageLoan.com | 12/08/2008 - 1:58am

Consumers should be on the lookout for notices from credit card companies. They may look like junk mail, but the information inside may be anything but-it could describe the new terms of your card. With consumer credit already stretched to the max, many Americans may find that their plastic limits are shrinking, even as interest rates rise.

Credit Card Companies Analyzing You, Again

By:
Greg Mischio - MortgageLoan.com | 12/07/2008 - 1:42am

The credit crunch is causing some knee-jerk reactions by credit card companies. Shaken by the fallout from the subprime mortgage crisis, they're reevaluating consumer credit. Then, they're shrinking card limits and charging higher interest rates.

Credit Card Bailout for Financially Irresponsible

By:
Catherine Brock - MortgageLoan.com | 11/26/2008 - 1:22am

The Financial Services Roundtable and the Consumer Federation of America have joined forces to promote a credit card debt settlement plan involving debt write-offs and extended repayments.

Credit Card Companies Slashing Benefits

By:
Catherine Brock - MortgageLoan.com | 11/16/2008 - 1:41am

Credit card issuers aren't doling out revolving credit accounts the way they used to. In fact, they're reigning in availability, and leaving some of their customers without the credit they thought they had.