Credit Cards Articles

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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