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Story Tools Quick, do you know how much interest you pay on your credit card? I did an informal survey this week. Of the dozen or so people I asked that question, none knew the answer. But we should, especially now. With their own houses in disarray ...
Read moreCan you still count on the credit you thought you had? It's a fair question for everyone in this economy, including people who pride themselves on never missing a payment. Since early this year, lenders have been cutting back on the credit lines they ...
Read moreReporting from Washington -- Cecil Bello has stumbled into a new corner of the credit squeeze. The 32-year-old management consultant has had the limits reduced on three of her credit cards. In September, U.S. Bancorp notified the Fairfax, Va ...
Read moreReporting from Washington -- Cecil Bello has stumbled into a new corner of the credit squeeze. The 32-year-old management consultant has had the limits reduced on three of her credit cards. In September, U.S. Bancorp notified the Fairfax, Va ...
Read moreTHE CREDIT CRISIS AND THE DEEPENING RECESSION have dealt a double blow to American Express ( AXP ), which has long been viewed as one of the globe's leading financial companies, due to its enviable card business and consistently high returns. AmEx ...
Read moreTighter credit will bring challenges for shoppers and could doom the holiday season for stores. "We are going to be seeing some problems," said Anthony L. Liuzzo, professor of business and economics and director of the MBA program at Wilkes ...
Read moreNEW YORK - Closing millions of accounts, cutting credit lines and raising interest rates are just some of the moves credit card issuers are using to try to inoculate themselves from a tsunami of expected consumer defaults. Still, the measures may ...
Read moreNEW YORK, Nov 19 (Reuters) - Efforts by large U.S. credit card issuers to gird for historically high customer defaults may actually make the global credit crisis worse. A seizure of global credit markets has left issuers unable to sell to investors ...
Read moreChase Card Services, a unit of JPMorgan Chase & Co., said Monday it had appointed Andrew Pilkington chief executive of its Canadian credit card business. Pilkington, who recently started in the position, previously was general manager of American ...
Read moreBanks and airlines are pushing plastic harder than ever. The marketers like to toss around words such as ''security'' and ''convenience,'' but it always pays to do a little homework before deciding to fatten your travel wallet with another card. Here ...
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