Search For Credit Cards

A recent report from the Center for Responsible Lending (CRL) revealed that that the passage of the Credit Card Accountability Responsibility and Disclosure Act (CARD Act) did not negatively affect consumer access to credit card offers, as some predicted it would.

Using data from Mintel Comperemedia, the CRL found that the neither the passage of the CARD Act nor its implementation caused a decline in the volume of new direct mail credit card solicitations.

“Mail volume is up and has not suffered due to the CARD Act,” CRL senior researcher Josh Frank said in a video discussing the report.

According to the report, the CARD Act’s implementation actually appears to “coincide with a period of rising mail volume” when adjustments for the recent economic downturn are factored in.

“Mail volume has been rising since the CARD Act was passed and since the CARD Act implementation,” Frank, who authored the CRL report, said. “There is no

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Many credit card companies, store charge cards, and other companies are moving toward a greener approach with their billing statements. You’ll often notice when you log into your account online that there is a big push to get consumers signed up for paperless billing. Often a screen pops up before you can access your account details, giving you a pitch to sign up for the paperless statements. You’ll even notice that the button to accept these greener statements has a more enticing appearance than the button to decline them. Before you click that button to accept paperless billing statements, it’s important to consider the pros and cons of both options.

Pros of Paperless Billing Statements * It’s an eco-friendly, green approach that is good for our planet. * Reduce the amount of mail you have to go through every month. * Sometimes companies give you a statement credit or a special reward or promotion when you sign up for paperless billing.

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It can often be easy for credit card holders to push the interest rates that they will end up paying to the back of their mind, so that they don’t have to feel guilty about making a purchase. Yet, the fact is that credit cards are expensive and any borrower who knows how to add up exactly how much their Visa or Mastercard is costing them, including the interest and fees, is going to be ahead of the game, and make better informed buying decisions.

The first type of cost that consumers should consider is their annual fee. This is usually a small, token amount, but should not be overlooked. A $99 a year annual fee still costs the card holder $1200 every ten years, which should be considered against the card that does not charge an annual fee at all. While it may not be possible to avoid the annual fee altogether, consumers should make informed choices as to whether or not they are getting some benefit by staying with the same credit card if they are paying a high annual fee, and consider switching if they are not.

Consumers should also consider the interest that they will be charged. Fo

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Buried in a mountain of debt, consumers have a limited number of options: attempt to pay what is owed in its entirety, run away, or opt for the terrific option – bankruptcy. But there is another option, as you can find one of the best debt relief programs and save your pocket. Declaring bankruptcy is a method to erase debts and also to kill your credit for a long, often a decade, although it may sometimes seem like the only way out. But debt settlement is another alternative to deal with debt, which can lead to specialists who know how to effectively manage the process.

Essentially, the work of debt settlement specialists is to negotiate with a creditor to repay a loan for a portion of what is owed. The reduction is generally between about 20 to 75 percent of the outstanding balance and they are arranged one-time lump sum payments, with the idea that the debt will be considered resolved and reported to credit agencies. Read Full Post…