New Credit Card Reforms
July 22, 2010 | Leave a Comment
New credit card reforms designed to protect consumers have a downside, banks are turning to other methods to boost profits. Howard Dvorkin, founder of Consolidated Credit Counseling Services (www.consolidatedcredit.org) discusses the difficulties of negotiating with creditors.
More shoppers using credit cards
July 8, 2010 | Leave a Comment
www.clearstart.co.uk – More people are shopping with credit and debit cards according to Barclaycard. But the company says the increase in use is at a slower pace than expected. The Barclaycard retail spending index shows a 0.8 per cent in April compared with March. If you are finding it hard to meet your credit card debt repayments, an Individual Voluntary Arrangement (IVA) is a good solution. By meeting an agreement with your creditors you could pay back a more manageable monthly amount over 5 years before going debt free. Head of UK payment Stuart Neal says: “We’ve seen a much lower increase in retail card spending in April, although it’s still positive news for retailers following the 18 per cent increase we saw between February and March.”
Credit Card $10 minimum charge coming
July 1, 2010 | Leave a Comment
Credit Card minimum charge coming