12
May
2008
Posted by Steve Rhode as Consumer Debt, Credit Cards, Debt Collection, Motorcycles
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! So Bret and I woke up early to go to a local restaurant that advertises free WiFi with coffee and donuts. Apparently, nobody ever shows up for it since they ...[Read More]
10
May
2008
Posted by Steve Rhode as Consumer Debt, Credit Cards
If there ever was anyone that better understood and was sympathetic to the underlying issues and subconscious issues that drive good people into bad debt, it’s me. I’ve been in the financial crapper myself and then I built my personal finance professional life on helping people ...[Read More]
25
Apr
2008
Posted by Steve Rhode as Ask Steve, Credit Cards, Credit Report, Credit Score
In my continuing effort to help anyone that wants advice to deal with a financial problem, Cami sent in the following question through my online form. If you have a question, you can send it in also for help. Hi Steve, I stumbled upon your site while searching for zero percent credit cards for ...[Read More]
26
Mar
2008
Posted by Steve Rhode as Banking, Business Failures, Credit Cards
Not that long ago I wrote about how Egg bank in the U.K., a part of Citigroup, had kicked 161,000 cardholders to the curb and terminated their credit cards. For many the only crime they were guilty of was paying thei credit cards in full and not making Egg more money. As even an unborn child ...[Read More]
03
Mar
2008
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
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]
27
Feb
2008
Posted by Steve Rhode as Credit Cards, Credit Report, Credit Score
I think we can all agree that the credit crunch in the U.S. and to a lesser extent, the U.K., really exists. Industry experts, like myself, can see that the problems consumers are facing are just beginning, not ending. Now is the time to pay careful attention to your credit reports and credit ...[Read More]
26
Feb
2008
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 have ...[Read More]
25
Feb
2008
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 healthy ...[Read More]
22
Feb
2008
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]
08
Feb
2008
Posted by Steve Rhode as Credit Cards, Money Management, Mortgage Related
Acute pain is being experienced by Australian homeowners Prime Minister Kevin Rudd told reporters. Rising interest rates and the credit crisis are putting more pressure on homeowners. The JP Morgan and Fujitsu Consulting report published in Fairfax Publications predicts 750,000 homeowners will ...[Read More]
05
Feb
2008
Posted by Steve Rhode as Credit Cards
Here are the top three most popular credit cards for businesses this week. ----- If you enjoyed this post be sure to grab the RSS feed or get posts by email so you don't miss a bit of what's to come. Steve P.S. If you can, please take a moment to submit this post, using the logos ...[Read More]
05
Feb
2008
Posted by Steve Rhode as Credit Cards
Here are the most popular credit cards this week for people looking for airline reward programs. ----- If you enjoyed this post be sure to grab the RSS feed or get posts by email so you don't miss a bit of what's to come. Steve P.S. If you can, please take a moment to submit this ...[Read More]
04
Feb
2008
Posted by Steve Rhode as Credit Cards
The following credit cards were most popular this week for people with poor credit. ----- If you enjoyed this post be sure to grab the RSS feed or get posts by email so you don't miss a bit of what's to come. Steve P.S. If you can, please take a moment to submit this post, using the ...[Read More]
03
Feb
2008
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]