Credit Cards Articles

Bill Me Later, the online processor that lets you pay for purchases later, is facing a class-action lawsuit in California for skirting state interest and credit card fee laws. According to Business Journal, online message boards quote interest rates between 40% and 100%.

Forum poster HBSSLaw wants you to contact the law firm (Hagens Berman Sobol Shapiro)if you feel you’ve been overcharged interest from Bill Me Later. You can email billmelater@hbsslaw.com to give your story or to join the case.

More forum posts:

• I filed bankruptcy. Will the credit card’s co-holder be affected?
• What will closing a major credit card do to my credit?
• Help!

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With the CARD Act implementation date looming, many changes will be set on the way issuers are able to do things. Under the new law, those that are under the age of 21 will soon be required to have a co-signer, pass a financial literacy course, or show that they have the ability to re-pay amounts that are borrowed. While many students will be able to get a traditional credit card there will still be others that will not. For those that cannot, it look like an alternative will be needed and such an alternatives may be in the form of either a secured credit card or that of prepaid.

As the type of plastic students would probably migrate toward most, secured credit cards have been labeled as the best alternative.

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Payday is days away. You have no gas, little food, and no money. For some people, this only has to happen one time before they change their spending habits. For others, living paycheck to paycheck is a viciously uncomfortable way of life. But, it’s something that can be changed in just a few steps. Learn what you can do to stop living paycheck to paycheck.

According to a recent report from the Federal Reserve, the two-year long credit pull-back may be slowing, but there is still a long way to go before the banks’ lending practices are back to normal. While fewer banks are making it harder to get loans, they aren’t exactly making it easier to get loans either. The standards for most types of loans remain higher than normal, and consumer loan demand continues to weaken.

These are some of the main findings of the Fed’s recently released January 2010 Senior Loan Officer Opinion Survey on Bank Lending Practices. The quarterly Fed survey seeks to take the pulse of the economy by reviewing the supply and demand for loans to businesses and households. The s

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A Ponzi scheme uses money from later investors to pay unrealistically high returns to earlier investors. Accordingly, earlier participants are more likely to have received a financial benefit than later investors. When a Ponzi scheme unravels, a key question is how to fairly distribute any recoveries to the victims. Should earlier investors be required to return the amounts they withdrew? Should the recovered funds be distributed in proportion to the amounts invested (net of any withdrawals) or in proportion to the amounts reported on the last account statements? 

Similar issues were argued before Judge Burton R.

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Do you want a simple rewards credit card that lets you get savings right now instead of months down the road when you’d built up enough rewards points? Wouldn’t it be great if you could get rewards without paying an annual fee? Now you can! The HSBC credit card gives you that and more.

When you get approved for the HSBC credit card, you’ll get a no annual fee card with reasonable interest rates, savings when you spend, and even a special offer on balance transfers. What’s not to love?

Discover more about the HSBC credit card below to determine if it’s the right card for you. If it is,

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Even if you are in the midst of paying off your credit card debt you may feel as if the process is taking entirely too long. Smart consumers know that the quicker they payoff their credit card debt the more money they will save – thanks to avoiding finance charges. The question is: how can you speed up the payoff process?

1. Send as much money as you can each month. There is nothing wrong with paying the minimum if that is all you can afford. But most people learn early on that they can afford to send more than the minimum. Send as much extra as you can each month, and your credit card debt will quickly begin to diminish.

2. Don’t add more. If

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