Credit Cards

Friday, June 26, 2020

An alarming number of people are complaining about their Citi credit card accounts


Problems with Citi or Synchrony bank credit cards?  If inaccurate credit reporting is involved, our firm may be able to help.

https://www.
Read more . . .


Wednesday, March 4, 2020

Supreme Court's CFPB case potentially impacts anyone with credit card debt or a mortgage


If Kavanaugh maintains his position and finds four colleagues to join him, it is hard to see how any of the decisions the agency has made over almost a decade could stand. Read more . . .


Monday, February 17, 2020

1 in 3 consumers fear they will max out a credit card


More than one-third, or 37%, also said they have already maxed out their credit card and 14% said they have maxed it out more than once. WalletHub polled more than 700 people in January.

Still, most Americans continue to take on ever-increasing amounts of debt. According to data from the Read more . . .


Tuesday, December 3, 2019

How does getting married affect your credit?


First comes love. Then comes marriage. Then comes many discussions about how you should manage your finances as a couple. Getting married is a big life milestone and a great chance to take stock of your financial situation — that includes your credit cards. 

Read more . . .


Tuesday, November 19, 2019

What happens when you miss a credit card payment?


Wonder how a late payment affects consumers differently?  See a sample comparison by FICO.

https://www.cnbc.
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Monday, November 11, 2019

Here is the 1 credit card you should almost always avoid


When you shop at retailers in-store or online, chances are you’ve been asked at checkout if you want to apply for a store card. They frequently come with tempting offers — sign up and get a huge discount on your purchase — but there are several drawbacks to consider before you apply.

https://www.
Read more . . .


Tuesday, May 14, 2019

Rising Rents for Millennials Give Rise to a New Breed of Lender


A 2017 survey of more than 100,000 renters by the National Multifamily Housing Council, a landlord group, showed 3% of those surveyed paid rent with credit cards and 16% said they would do so if their landlords agreed.

“As rents have gone up, we get more and more emails and phone calls where people would ask us if they could pay their rent over time,” said Tony Diamond, founder of StayTony, which manages upscale apartments in the Los Angeles and Atlanta areas.

The company recently joined with loan vendor Uplift—which made a name for itself financing family vacations—to allow its tenants to finance up to three months of rent over a 12-month period.

StayTony hopes its renter loans will appeal in particular to recent college graduates. Through Uplift, it offers loans up to $16,000 that carry no interest for the first six months and an annual interest rate of 15% to 17% on average after that.


Read more . . .


Friday, December 21, 2018

Stop The Onslaught Of Credit Card Offers


As part of the Fair Credit Reporting Act (FCRA), the credit reporting agencies are allowed to supply lists of consumers to potential creditors. Creditors can filter these lists to target their preferred audience for pre-approval offers. The FRCA allows you to opt-out of those lists, choking off the main source of credit card offers.

To opt-out, go to 


Read more . . .


Tuesday, April 3, 2018

Fin7 Syndicate Hacks Saks Fifth Avenue and Lord & Taylor Stores


A "preliminary analysis" found credit card data was obtained for sales dating back to May 2017, according to the post.
Read more . . .


Friday, January 19, 2018

https://www.cnbc.com/2018/01/18/how-often-you-should-pay-off-your-credit-card-bill.html


"To build credit, what you want to do is have a demonstrated track record of using credit responsibly, and over time different forms of credit," McBride says. "With regard to revolving lines like credit cards, you want to demonstrate the ability to put expenses on the card and then to pay that off."

To demonstrate that ability, it's smarter to focus on not letting your balance exceed more than 10 percent of your credit limit at any given time.

"The 10 percent threshold is the point at which it's beneficial to your credit score," McBride says. "Between 10 and 30 percent it's neutral, and it's only when your balance is above 30 percent of your credit line that it actually works against your score.
Read more . . .


Tuesday, December 5, 2017

7 Ways to Protect Yourself From Online Identity Theft


Like it or not, the holidays are upon us. It's important to make sure your year-end shopping spree isn't spoiled by cybersecurity threats, hackers or scammers. 

Contact us immediately if you discover any unfamiliar entries on your credit report and suspect your identity has been stolen. We represent consumers on contingency to obtain a permanently corrected report and, in many cases, compensation for violations of the federal Fair Credit Reporting Act.

Read more . . .


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