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Eliminate Your Debt
06
Mar
2008
Banks Charges and Bank Fees You’re Paying While Your Bank Ignores Federal Law
Posted by Steve Rhode as Banking, Debit Cards
If you're new here, you may want to subscribe to my RSS feed right now, before you forget, to get the latest posts. Thanks for visiting!In the United States federal law dictates that banks should provide consumers with information about fees on savings and checking accounts. However according ...[Read More]
04
Mar
2008
LTV - 3 Letters You Need to Be Aware of If You Want a Mortgage
Posted by Steve Rhode as Banking, Mortgage Related
More UK banks are being forced to tighten their belts following the fallout from bad investing in the US subprime mortgage market and fear that lax lending standards could have brought problems elsewhere – including the UK. The warning came as Bank of England figures showed the ...[Read More]
03
Mar
2008
Take Advantage of 0% Credit Card Balance Transfers or Get Taken Advantage Of, Your Choice
Posted by Steve Rhode as Banking, Credit Cards
Millions of consumers every year take advantage of 0% balance transfer and purchase credit card deals as a way of cutting debt and getting back on the financial straight and narrow. By the end of the January it was estimated that 1m people transferred their credit card balance to a new ...[Read More]
29
Feb
2008
Are You a Closet Stoozer and 0% Credit Card Rate Tart?
Posted by Steve Rhode as Banking, Credit Cards
Stoozing, derived from the verb stooz, is a slang term used to describe the act of borrowing money at 0% (typically on credit cards), putting the money in a high interest account, and paying it back before the 0% period ends. It is important to note that the borrower does not typically have a ...[Read More]
28
Feb
2008
Tricks Banks Use to Screw You Out of Fees You Don’t Need to Pay
Posted by Steve Rhode as Banking
Why do people hate their banks? Well, it’s almost always because of what are called “stealth fees.” These fees occur when a customer overdraws their account – either at an ATM or through a debit card purchase – without being warned that their ...[Read More]
26
Feb
2008
Your Credit Card Limits May Be Cut While You’re Asleep
Posted by Steve Rhode as Banking, Credit Cards, Credit Score
In a disturbing trend out of the United Kingdom, credit card customers in the UK with a spotlessly clean credit histories are being targeted and seeing their limits cut to £100 of their existing balance thereby curbing their spending limits by thousands of pounds. Credit card firms ...[Read More]
25
Feb
2008
Four Reasons Why Your Bank WILL Make a Profit Off of You
Posted by Steve Rhode as Banking, Credit Cards, Economy
I’m writing this article at 40,000 feet above Canada as I fly back to the UK from the US. It is no longer surprising that consumers in these countries and all other market economies that enjoy the benefits of consumer credit are at a significant disadvantage of achieving a ...[Read More]
22
Feb
2008
Bank of America Takes Aim at Their Own Credit Card Customers and Jacks Rates Way Up
Posted by Steve Rhode as Banking, Credit Cards
As long as you are carrying a balance on your credit cards, the banks can change the terms, including the rates, and unless you can pay the entire balance off or move it to another card, you could be in for a world of hurt, as B of A customers have discovered. As banks hit hard times customers ...[Read More]
03
Feb
2008
Citigroup Kicks 161,000 Cardholders to the Curb
Posted by Steve Rhode as Banking, Credit Cards, Credit Report, Credit Score
Last year Citigroup swooped in and snatched up the UK internet bank Egg. And just in the past few days Egg has sent notices to 7% of their customers and notified them, We Don’t Want You Anymore. What makes the story interesting is that while the banks are spinning this as an exercise in ...[Read More]
30
Jan
2008
Now Lenders Can Market Loans Across All Borders In The European Union. Consumers Watch Out!
Posted by Steve Rhode as Banking, Money Management
The European Parliament has backed new rules to make it easier and ultimately cheaper for European consumers to borrow money outside across borders. The main effect will be to provide standard, comparable information to customers across the EU taking out a credit loan. At the moment, two out of ...[Read More]
22
Jan
2008
Credit Cards and Debit Cards - How They Work and What The Risks Are You Need to Know About.
Posted by Steve Rhode as Banking, Credit Cards, Debit Cards, Money Management
I suspect that there are many people like me who know they have an option to use a credit card, but don’t take advantage of it because they have a lack of knowledge or interest, or simply are in the habit of paying for everything with a debit card because it ‘feels safer”, but is it really? The answer surprised me.
11
Jan
2008
Are You Too Lazy To Save Your Own Money?
Posted by Steve Rhode as Banking, Money Management
Wachovia bank is helping American consumers with at least one New Year’s resolution with the launch of Way2Save, a new and innovative savings program that makes it easy and automatic to save money. Way2Save encourages customers to save by transferring $1 from their checking account into a ...[Read More]
11
Jan
2008
Debt is Your Duty Consumer. It’s Patriotic to Spend, Spend, Spend.
Posted by Steve Rhode as Banking, Beware, Economy, Money Management
With it looking more and more likely each day that the the U.S. economy is tipping into a recession and the Fed talking about yet another interest rate cut to jump-start the economy, let’s be perfectly clear with what is really going on. The messages from government and Wall Street will be ...[Read More]
11
Jan
2008
Tony Blair to Get Paid Out the Ass by Chase
Posted by Steve Rhode as Banking
Tony Blair, the former British prime minister has signed a sweetheart deal with JP Morgan Chase bank. Good for him. He’s converting his years of politics and influence into cold hard cash. Hopefully he’s getting paid in sterling since the dollar is so weak these days. The bank ...[Read More]
11
Jan
2008
First Shoe Drops on Capital One. Consumer Credit Leaks. Losses Pile Up.
Posted by Steve Rhode as Banking, Credit Cards
Credit-card shares were among the top decliners in the financial sector Thursday after Capital One Financial Corp. lowered its earnings outlook and raised its loan loss reserves, with increasing clarity that the credit crisis sparked by careless home lending has spread to the consumer sector. As ...[Read More]
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