In fact, JPMorgan Chase's vice chairman wasn't exactly enthusiastic about the economy either. Cramer reacts to both and offers plays on cheaper gas.
American Express Chief Executive Kenneth Chenault says he has seen signs of stabilization in the economy, but there have not been any signs of improvement yet.
On June 30th Bloomberg ran an article called "FICO Scores Show Flaws as U.S. Banks Cut Credit Lines." The article sufficiently bashes the credit score giant and their core product by pointing out that consumer credit scores are lowered when credit card issuers lower credit limits.
The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It's the national debt.
I'm trying to raise my credit score to purchase my first home. My credit score is 635. I was late a few times on a couple of loans. I've since paid them off. When I purchase my score the formula uses those old accounts that I've paid off to formulate my score. Is that fair or correct?
Despite swelling delinquencies and reform pressure from the government, credit card companies are using pricing power and staying power to emerge as a favorite among market pros.
My favorite Dollar Dilemma regarding credit scores went something like this: “I make over six-figures, my credit should be awesome!” The more we need credit scores, the more misinformation still seems to fester.
Q. I receive 6-10 calls per day from the debt relieve people asking me to contact them so they could either wipe out my credit card debt completely or a least reduce it by more than half.
Has the economic crisis actually been a good thing for your retirement savings? If you asked this question, most people, still reeling from the hit their 401(k)'s took from during the market's dive, would think you were nuts. But every cloud has a silver lining, and there is at least one potential plus-side to what we've been though over the past year.
Q. I am watching your show "On the Money" and the topic is: "How to raise your credit score." I have great credit: 788 on Experian. I am planning on buying my first home, hopefully by September. My only debt is $2,900 on Amex Blue. In order to raise my score a little higher -- should I pay the entire balance off?
I opened a credit card account to help improve my credit a few years back. The limit on the card has not increased but the interest rate has since I received the card. The credit card account has a $65 annual fee, $300 limit and 29.99% interest rate. Is it worth it to keep the account open?
A crackdown on credit limits by card companies is squeezing the nation’s 27 million small businesses, exacerbating the problems brought on by a stagnant economy.
As they confront more troubled customers, credit card companies are doing something they have historically scorned: settling delinquent accounts for much less, the New York Times reports.
Our wallets are a kind of key to our souls (well, our ‘money-souls’ at least). Mine has stayed pretty much the same in boom times as in the current bust. No big change in what I carry to pay for things, but something tells me that you may have changed the contents of your wallet lately.
The Federal Reserve should stop buying government debt and instead focus on kick-starting areas of the credit markets having to do with consumers, Steve Forbes, Forbes CEO, told CNBC Monday.
Borrowing by consumers fell by $15.7 billion in April as U.S. households continued to trim spending and put away their credit cards amid a severe recession.
When you search for driving directions online, a good site will give you several options like “no tolls,” “quickest route,” or “avoid highways.” You have choices like this when it comes to paying off your credit card debt. Now, I don’t know about you, but I don’t think it’s good advice to tell someone to take the time to enjoy the tree-lined roads on their way to becoming debt-free, please don’t worry that it takes so much longer. For me—and from what I can see also many, many of you—getting out of credit card debt was all about getting out hard and fast. I wanted the route that not only avoided tolls (or fees, in credit-card land) but also that got me to my destination as quickly as possible—a $0.00 balance.
The government is doing its part in helping to manage unfair credit card charges and now we need to help them.
New York state Insurance Superintendent Eric Dinallo will resign effective July 3 and become a visiting finance professor at New York University's Stern School of Business, Governor David Paterson said Thursday.
John Ulzheimer takes a look at what the credit card environment may look like in a year.