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by Jessica Silver-Greenberg David Giantomasi says he vigilantly paid his credit-card bills each month. Even if he could only make the minimum payment, he made sure to get all his monthly payments squared away. So he was shocked when the interest rate ...
Read moreMiddle-class US consumers are increasingly leaving their credit cards at home when they go shopping, extending a trend first shown by Wal-Mart’s low-income shoppers last year, and adding to the pressures on US retailers’ sluggish sales ...
Read moreWASHINGTON -- Steve Lubs was looking to get rid of his $8,000 in credit card debt, but his high interest rate had him bogged down. He tried getting a loan through a bank to pay off the balance but couldn't find one with an interest rate lower than 12 ...
Read moreCredit card interest rates have risen to 16.49 per cent from 15.11 per cent a year ago. Research by MoneyExpert.com shows some five million people who took 0% interest deals between April and October last year will now face higher interest rates on ...
Read moreThe Federal Reserve gave consumer a few months to mull over this proposition : Should credit card companies be allowed to raise the rate on debt you already owe? Is it fair for them to constantly reshuffle your debt so you are always paying the ...
Read moreNEW YORK (Reuters) - Citigroup Inc (nyse: C - news - people ) agreed to pay nearly $18 million in refunds and fines to settle accusations by California Attorney General Jerry Brown that it wrongly took funds from the accounts of credit card customers ...
Read moreFrank Chan said he had been a loyal Citibank cardholder for 20 years when he was told by a customer service agent that stopping a check payment would cost him $29. He said he was shocked to see on his next credit-card statement that as a result his ...
Read moreFaced with a real estate market that has tightened up lending standards at a time when home values are dropping, more people are borrowing money from their 401(k) retirement plans to help swing a down payment to buy a home. But before you think that ...
Read moreWASHINGTON -- Steve Lubs was looking to get rid of his $8,000 in credit card debt, but his high interest rate had him bogged down. He tried getting a loan through a bank to pay off the balance but couldn't find one with an interest rate lower than 12
Read moreBanks are going slow on the sale of credit cards as rising interests and inflation have made many customers miss payment deadlines, and, in some cases, even default. Payment irregularities among customers "have been on the rise for nine to 12 months ...
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